Auction House North West
Book your free valuation
For Sale By Auction | 13:00, 16 September 2021 | Lot 39

16-18 Hargreaves Street, Burnley, Lancashire, BB11 1DD

Save Lot List Previous Lot Next Lot

Sold After

  • Mixed Use
  • Tenure: See Legal Pack

Call the team on 01772 772450 for more information

Auction Date

Thu 16/09/2021

Auction Time

13:00

Auction Venue

Online Auction Online Auction,

> Auction Information
> Auction Conditions
> Print Page

Mixed Use Investment Opportunity Arranged as 4 x Retail/Commercial Units & 4 Flats - Generating £40,104 Per Annum

The property comprises a prominent three-storey building situated in a corner position which provides 4x ground floor retail units and 4x residential flats on the floors above. 2 Victoria Street comprises a ground floor retail unit currently Let to a hairdressing salon at £433 pcm. 16-18a Hargreaves Street comprises a ground floor retail unit currently Let to a hairdressing salon at £346 pcm. 16-18b Hargreaves Street comprises a ground floor retail unit currently Let to a beauty salon at £520 pcm. 16-18c Hargreaves Street comprises a ground floor retail unit currently Let to a sports retailer at £433 pcm. Flat 1 comprises a two-bedroom flat currently Let on an AST at £500 pcm. Flat 2 comprises a two-bedroom flat currently Let on an AST at £500 pcm. Flat 3 comprises a studio flat Let on an AST at £350 pcm which includes council tax and electricity. Flat 4 comprises a studio flat Let on an AST at £260 pcm, this excludes council tax and electricity. Total Income: £40,104 per annum (£3,342 pcm) Tenancy & Tenure Please refer to legal pack for further information including leases. Accommodation We have taken the Net Internal Floor Areas from the VOA as follows: 2 Victoria St: 16.39 sq m (176 sq ft) 16-18a Hargreaves: 26.41 sq m (284 sq ft) 16-18b Hargreaves: 28.16 sq m (303 sq ft) 16-18c Hargreaves: 26.4 sq m (284 sq ft) Location The property is situated in a prominent corner position fronting Water Street and Hargreaves Street in Burnley town centre, close to local businesses, shops and approximately 0.4 miles to Burnley Central Railway Station Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure

See Legal Pack

Local Authority

Burnley Borough Council

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - 2.4% inc VAT of the purchase price, subject to a minimum of £2500 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.

View Larger Map

Residential

311 Garstang Road, Fulwood, Preston, PR2 9XJ

01772 772450

northwest@auctionhouse.co.uk

Commercial

Century Buildings, 14 St Mary's Parsonage, Manchester, M3 2DF

0161 830 7477

nwcommercial@auctionhouse.co.uk

Privacy Policy|Cookie Policy

© Auction House UK 2024

The Property Ombudsman
Complaints procedure

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information

Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.

This disclosure acts as confirmation of fees, commission payments or other benefits that we may receive from third party service providers for recommending services. We act in recommending those services which we believe will enhance and aid the primary service we provide. Whilst we offer these services as we believe you may benefit from them, 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. Any agreed payments to us are only received upon the successful completion of the business service provided. The fees quoted are inclusive of VAT at the prevailing rate of 20%. We work with local solicitors providing auction conveyancing services. On some completed transactions they pay referral fees to ourselves. The average fee is £300.