Lot 3 - 252 (& 2A Darlington Street) Spendmore Lane, Coppull, Chorley, Lancashire, PR7 5DE

  • Unconditional Online Auction Sale
  • Guide Price* : £115,000 plus
  • Residential investment comprising 2 flats in a single building
  • Annual equivalent gross income of £11,880
  • Convenient location

Residential investment comprising 2 flats let at a combined annual equivalent gross income of £11,880

Description

*VIDEO TOUR AVAILABLE ON REQUEST* To be sold with tenants in situ, the property comprises two flats which are both let at a monthly rent of £495 (£990 combined per month). 252 Spendmore Lane is a ground floor flat, with a large lounge, double bedroom, kitchen and a shower room. This part of the property also benefits from a rear yard. 2A Darlington Street has a separate ground floor entrance, with stairs leading to a landing, Kitchen/Lounge, bathroom and a double bedroom.

Location

Conveniently situated on Spendmore Lane (B5251) which provides access to local bus routes the village centre is within a few minutes' walk. Here there are a number of local retail and takeaway outlets, together with a Co-Op supermarket. Chorley town centre lies approximately 2.5 miles to the north and Standish 2.25 miles south. There is quick access to the motorway network at either Junction 27 of the M6 (2.5 miles to the southwest), or Junction 8 of the M61 just to the north of Chorley town centre.

Tenure

Freehold.

Accommodation

Please note some dimensions may be maximum widths:

252 Spendmore Lane (Ground Floor):
Lounge - 3.36m x 5.65m
Kitchen - 2.41m x 4.65m
Shower Room - 3.03m x 2.64m
Bedroom - 3.63m x 4.64m
Cupboard

2a Darlington St: (First Floor):
Ground floor entrance lobby
Lounge/Kitchen - 4.63m x 3.64m
Bathroom - 2.30m x 2.47m
Bedroom - 3.18m x 4.70m
Cupboard

Outside

Rear Yard.

Tenancies

252 Spendmore Lane (Ground Floor): Holding over at £495 pcm following 12 month AST started on 29/4/21.

2a Darlington St: (First Floor) - 12 month AST at £495 pcm started on 2/3/22.

EPC

Both flats have an Energy Asset Rating of C.

Council Tax Band

A

Buyers Administration Fee

There will be a Buyer's Administration Fee of £2400 (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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James Ashworth
0161 967 0122

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