COVID-19 – Important Auction Information
For Sale By Auction | 2.00pm, 01 September 2020 | Lot 6

Yorkshire Court, Yorkshire Street, Bacup, Lancashire, OL13 9AE

Sold £225,000

  • Commercial Property
  • Tenure: See legal pack

Call the team on 0161 925 3254 for more information

Auction Date

Tue 01/09/2020

Auction Time

2.00pm

Auction Venue

Live Stream

Two Shops & 5 Apartments, Fully Tenanted Producing £24,600pa with a potential for £27,720pa.

Two Shops & 5 Apartments, Fully Tenanted Producing £24,600pa with a potential for £27,720pa. Having been recently refurbished and being situated in the centre of Bacup this offers an excellent opportunity for an investor to benefit from a property that is now fully Let. Currently producing £24,600pa, however, Apartment One is presently subject to a concessionary rent so there is potential to increase to £27,720pa . Briefly comprises Two self contained shops and Five self contained one bedroomed apartments all of which are tenanted. There is parking for the apartments in addition. With all the hard work done this very attractively Guided property is sure to be a great addition to a property portfolio or for someone looking for an easily managed property, producing an excellent income, situated in an area with strong rental demand. Please note the photographs have been provided by the vendor.

Tenure

See legal pack

Ground Floor

No. 18 Shop 10’0” x 15’0” (3.05m x 4.57m) Office 6’0” x 10’0” (1.83m x 3.05m) WC Currently Tenanted at £3,420pa/£285pcm. No 20 Shop 10’7” x 13’0” (3.22m x 3.96m) Office 11’9” x 11’7” (3.58m x 3.53m) WC & whb Currently Tenanted at £3,120pa/260pcm.

Apartment One – Currently Tenanted at £1,200pa/£100pcm.

First Floor

Shared Entrance Hall

Apartment Two – Currently Tenanted at £3,900pa/£325pcm. Apartment Three – Currently Tenanted at £4,200pa/£350pcm.

Second Floor

Landing

Apartment Four – Currently Tenanted at £4,200pa/£350pcm. Apartment Five – Currently Tenanted at £4,200pa/£350pcm.

Outside

To the rear of the apartments is a courtyard and to the side of the property is a car park for the occupiers of the apartments.

Energy Efficiency Rating (EPC)

Current Rating DDEFFEE

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Lancashire County Council

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of 0.9% inc VAT, subject to a minimum of £1200 inc VAT.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.