177 Belmont Road Astley Bridge, Bolton, Lancashire, BL1 7AT

  • Conditional Online Auction Sale
  • Guide Price * : £280,000 Plus fees

FOR SALE BY CONDITIONAL ONLINE AUCTION.
On behalf of Modern Property Auctions - York


  • Substantial three storey building
  • Six one bedroom flats
  • Annual rental income £20,753pa
  • Double Glazed
  • EPC Rating: D, D, D, D, E, E

Property Description

FOR SALE BY CONDITIONAL ONLINE AUCTION.
On behalf of Modern Property Auctions - York


A Substantial and Unique Three Storey Investment Property

Currently converted into six one bedroom flats yielding an average rental income of £20,753 per annum (over past three years) with potential of around £25,000 per annum. All flats are 100% occupancy. This distinctive end of terrace landmark property occupies a high profile corner location on the A675 2.5 miles north of Bolton Town Centre and can either be retained as it is or further improved to potentially increase rental income. All windows are double glazed white uPVC.

Each Flat, regardless of size includes an entrance hall, open plan lounge and kitchen, WC/Walk-in Shower room and one bedroom with built-in wardrobes and benefits from electric storage heating. Each floor is accessed via a central staircase which is partly lit by a rooftop feature skylight. There is no lift. The premises are protected by a working fire alarm system.


Basement:

Expansive area of approx. 30sqm/323sqft with plenty of storage space and accessed from side street (not accessible to tenants)


First Floor:

Two Flats, one measuring 32sqm/344sqft and one measuring 21sm/226sqft


Second Floor:

Two Flats, one measuring 32sqm/344sqft and one measuring 21sm/226sqft


Outside:

To the rear is a garden which measures 14m/46ft long tapering to 1.8m/6ft bordered by a high concrete panelled wall. It is currently unused and requires landscaping.
To the front is a wide raised paved terrace which gives access to the main entrance door.


Rights of Way, Wayleaves, Easements, Restrictive Covenants Etc.

The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.


Tenure
Freehold

Legal Pack

The legal pack will be available online at least seven days prior to sale ending and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the end of the auction.


*Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price, also known as a 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 which is available to download on our SDL Auctions website.


Online Auction Registration

Every online bidder on SDL Auctions must first create an account on the online section of the SDL Auctions website - sdlauctions.co.uk/property-auctions/online/

This is a straightforward process. Starting the registration includes filling out your personal details, verifying your email address, and accepting the Online Auction ‘Terms and Conditions’. Once you have done this you will be able to search, ‘watch’ lots and download legal documents.

After starting the registration process you can come back to it to complete at a later date. We suggest completing the registration process at least 3 working days before the lot is due to end, in case you have any problems and need to contact the auctioneers.

In order to bid, you will need to be authorised for money laundering purposes. This includes uploading copies of two forms of identification and passing a anti-money laundering check. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.


Conditional Online Auction Procedure

If you are the successful bidder you will be legally obliged to buy the property for the full purchase price. You will enter into a reservation agreement with the seller and have 40 business days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 40 business day reservation period the sale is secure and the seller is not able to accept other offers. By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf.

The sale of each Lot is subject to a reservation fee of 4.8% Inc VAT (or 4.2% Inc VAT in London), subject to a minimum of £6,000 Inc VAT. The reservation fee does not contribute towards the purchase price.

We will automatically charge you a minimum fee of £6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer.

Full terms and conditions are available on the SDL Auctions website - sdlauctions.co.uk/wp-content/uploads/2019/04/SDL-Auctions_buyer-terms.pdf


Joint Agent

Modern Property Auctions



Minimum Opening Bid

£280,000

Enter Bid (Min £280,000)

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Joint Agent

For viewings please contact:
Modern Property Auctions
07981807467
info@modernpropertyauctions.co.uk

Legal Documents

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