COVID-19 – Important Auction Information
For Sale By Auction | 13:00, 17 December 2020 | Lot 50

128&128A Union Road, Oswaldtwistle, Lancashire, BB5 3DR

Sold £73,000

  • Mixed Use
  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Thu 17/12/2020

Auction Time

13:00

Auction Venue

Online Auction Online Auction,

Mixed Use Investment Property – Tenanted Ground Floor Barber Shop & Self Contained Flat – Producing £7,748 pa

Two storey terrace property briefly comprising tenanted ground floor barbers shop together with tenanted self contained one bed flat accessed from the rear to the first floor. At time of entering, not inspected by Auction House but the flat is understood to provide landing, bathroom, lounge, kitchen and bedroom. Tenancies The Barbers is currently let to a private individual by way of an original one year lease from January 2013 which contained an option to extend until 2023 at a rent of £3,640 pa. The flat is let at £79 per week (£4,108 pa). The current rental income is therefore approximately £7,748 pa. Please refer to legal pack for leases Location Situated on the westerly side of Union Road (B6231) in the centre of Oswaldtwistle, close to Oswaldtwistle Mills Shopping Village & Garden Centre.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating Shop - E Flat - E

Local Authority

Hyndburn Borough Council

Additional Fees

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

Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.

Referral Fees – We offer referred services via 3rd party suppliers which we believe you may benefit from in aiding the primary service we provide. You are under no obligation to use these services, and you should consider your options before accepting any third parties' terms and conditions for which we are not responsible. On some completed transactions they pay referral fees to ourselves. These fees average £300 inc VAT.

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