Lot 2 - 19 & 21 Chadwick Street, Bolton, Lancashire, BL2 1JN
- Unconditional Online Auction Sale
- Guide Price* : £375,000 plus
- Two adjoining six bedroom HMOs currently let to Serco.
- Currently producing a combined income of £41,650p.a.
- Less than 1 mile from Bolton town centre
- Close to transport links and easily accessible
ON BEHALF OF THE FIXED CHARGE RECEIVERS: Two adjoining six bedroom HMOs currently let to Serco at a combined rent of £41,650 er annum (NB read description below)
Description
The property provides two six bedroom HMOs which both have a similar internal layout.
The ground floor provides rooms 1 and 2, the shared kitchen and laundry room and access to the basement. The first floor provides rooms 3, 4 and 5 and room 6 is located on the second floor/ converted attic. Each room has an ensuite shower room. Room 6 is larger than the other bedrooms and has an additional room.
Currently let to Serco on 2 leases, but note that they have given notice to terminate the agreement for No 21 on 2 month’s notice with effect from 22/09/2025. This is due to a been partial collapse of the brickwork wall at the first floor of number 21. Temporary repairs have been undertaken but further works will be required prior to any reoccupation. Any bidder will need to seek their own advice regarding this and any other building defects.
Location
The property is located in a residential area on the outskirts of Bolton town centre which is less than a mile to the west. Chadwick Street comprises mainly large Edwardian properties in addition to Bolton Parish Church C of E primary school which is located opposite the property.
Chadwick Street is accessed directly from the A579 (Bury Road) which is a main A road that connects Bury to Bolton with amenities and bus routes along the Way. The A666 which connects Bolton to Manchester via the M61 is also close by and Bolton railway station is within the town centre less than a mile away. There are a range of amenities close by within the town centre, and also on large retail parks on the periphery of the town.
Tenure
19 Chadwick Street- Leasehold under title number MAN223572 21 Chadwick Street- Leasehold under title number MAN224033. We understand both leases held for a term of 999 years from 1st May 1880 with a Ground Rent of £28p.a.
Accommodation
The net internal area is approximately as follows:
19 Chadwick Street
Room 1- 15.91m2
Room 2- 14.19m2
Kitchen- 11.1m2
Laundry Room- 3.5m2
Room 3- 18.88m2
Room 4- 16.65m2
Room 5- 23.32m2
Room 6- 32.83m2
Total- 136.45m2 / 1,489sq.ft.
21 Chadwick Street
Room 1- 16.34m2
Room 2- 15.4m2
Kitchen- 12.48m2
Laundry Room- 3.36m2
Room 3- 19.84m2
Room 4- 16.28m2
Room 5- 22.36m2
Room 6- 26.88m2
Total- 132.94 / 1,431sq.ft.
Tenancies
Both properties are let to Serco for a term of 6 years and 11 months commencing on 01/03/2023 up to and including 31/01/30. The rent is £1,735.50pcm per property.
EPC
Energy Asset Rating Is D.
Council Tax Band
D
Buyers Administration Fee
There will be a Buyer's Administration Fee of £3,000 (inc VAT) payable upon exchange of contracts.Additional Information
1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
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