For Sale By Auction | 14:00, 17 December 2019 | Lot 72

56 Railway Road, Leigh, Lancashire, WN7 4AR

*Guide | £200,000 (plus fees)

  • Block of Apartments
  • 5 Bedrooms
  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Tue 17/12/2019

Auction Time

14:00

Auction Venue

Bolton Wanderers Stadium Platinum Suite, De Havilland Way, Bolton, BL6 6SF

Block of 5 One Bedroom Self Contained Flats - Fully Tenanted producing £20,100 pa.

Three storey mid-terrace property which has recently been converted to provide five self contained one bedroom flats. The flats are currently all tenanted by way of AST's as follows: Flat 1 - £350 pcm Flat 2 - £300 pcm Flat 3 - £300 pcm Flat 4 - £350 pcm Flat 5 - £375 pcm (copies of leases available in legal pack) The total rental income is therefore £1,675 pcm (£20,100 pa). The property has recently been refurbished to include new fitted kitchens, floor coverings, decoration, bathrooms and is fitted with gas fired central heating. A purchase at the guide price equates to a yield of 10%. The property is situated fronting Railway Road in close proximity to Leigh Town Centre and all amenities.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating C,C,D,C & D

Local Authority

Wigan Metropolitan Borough Council

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

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