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7 Hudson Street, Burnley BB11 4PL

Lot no: 124 Re-entry to a future auction
 

Guide Price £35,000 - £40,000 plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 27th June 2024

9.00am
Key Features
  • Guide Price Range: £35,000 - £40,000
  • Two Bedrooms
  • Stone Built Terraced Property
  • Investment Opportunity
  • Sold With Tenant in Situ
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Re-entry to a future auction

Terraced House

Property Description:

A Two Bedroom Traditional Stone Built Property providing an ideal investment opportunity and comes complete with a sitting tenant. We have been informed the tenant is paying £400 pcm.

The property comprises of Lounge, Kitchen/Diner, Two Bedrooms and Bathroom.

Externally having a yard to the rear.

The property is conveniently situated within walking distance of the local shops, primary school and the M65 motorway ideal for the commuters.

Lounge
Kitchen/Diner
Bedroom One
Bedroom Two
Bathroom
Additional Information:

Construction Material: Standard brick. Heating: Boiler, mains gas. Coverage: Broadband - Standard and Ultrafast is available in this location. Mobile signal - O2, Vodafone, EE show as high in this area, and Three as medium. Satellite and Cable - BT and Sky show as available.

Note

Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Tenure:

Leasehold. Subject to tenancy.

Unexpired Years

885


Utilities Information
  • Heating Supply: Gas Central
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

On Street



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.


Additional Information

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).


Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.