Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £90,000
This well-presented two-bedroom apartment presents an excellent opportunity for an investor. Notably, it is being sold with a tenant in situ, adding to its appeal as an investment property. The current arrangement with a tenant in place provides a seamless transition for those looking for immediate rental income or long-term investment potential. The current tenant has been in residence for at least five years, paying a monthly rent of £600.00.
Sitting on the second floor, the property boasts two generously sized double bedrooms, fitted kitchen, spacious living room, a bathroom, and an ensuite, providing ample living space for individuals or couples seeking a comfortable residence.
The apartment includes the added convenience of allocated parking, ensuring residents a hassle-free experience and relieving them of the challenges associated with finding parking spaces. Given the growing demand for rental properties in the area, this apartment stands as an attractive investment for buy-to-let investors. Its strategic location provides easy access to local amenities, transportation links, and reputable schools, thereby enhancing its appeal to potential tenants.
LOCAL INFORMATION BAMBER BRIDGE an area to the south of Preston, Lancashire. Short drive to both the towns of Chorley and Leyland and an excellent area for local schools, shops and amenities with fantastic travel links via the nearby M6, M61 and M65 motorways. Even has it’s own train station.
LIVING ROOM 15′ 9" x 12′ 1" (4.8m x 3.68m)
KITCHEN 11′ 5" x 6′ 7" (3.48m x 2.01m)
BATHROOM 6′ 4" x 5′ 9" (1.93m x 1.75m)
BEDROOM ONE 9′ 8" x 12′ 3" (2.95m x 3.73m)
BEDROOM TWO 11′ 7" x 9′ 4" (3.53m x 2.84m)
Whilst we believe the data within these statements to be accurate, any person(s) intending to place an offer and/or purchase the property should satisfy themselves by inspection in person or by a third party as to the validity and accuracy. We are informed this is a leasehold property this will require legal verification.
– Length of lease 135 (years remaining)
– Annual ground rent amount (£)140.00
– Annual service charge amount (£)1,149.00
Additional charge £180 per year – underlet fee.
– Council tax band B (England, Wales and Scotland)
Please call 01772 746100 to arrange a viewing on this property now. Our office hours are 9am-5pm Monday to Friday and 9am-4pm Saturday.
AUCTIONEERS COMMENTS Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as ‘The Auctioneer’.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.