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Manchester 0161 967 0122
17th July 2019 - Auction
Lot Number - 10
SOLD AT AUCTION
£92,000 Result

66B Grimshaw Lane
Ormskirk
Lancashire
L39 1PD

Two bedroom first floor flat currently tenanted at a monthly rent of £450 per month

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  • Residential investment let at £450 per month with potential to increase

  • Two bedroom first floor flat

  • Sought after area in an historic market town

  • The Energy Asset Rating is C

Description

The property comprises a two bedroom first floor flat currently tenanted at a monthly rent of £450per month. The rent has not been increased for some time and our local Joint Agent's opinion is that there is potential to increase to circa £575 per month. The property has its own entrance and is within a detached block containing two units. The property benefits from double glazing and central heating (not-tested).

Location

The property lies in a sought after residential area less than 0.5 mile from the town centre, with it's shops and amenities. Access to Grimshaw Lane is from Southport Lane (A570) and several bus routes to Ormskirk and Southport go past the property. Ormskirk is a historic market town that lies approximately 7 miles east of Southport and 12 miles north of Liverpool. Access to the motorway network is less than 3 miles to the south at Junction 3 of the M58.

Accommodation

Floors Description
Ground Floor Entrance Hall and Stairs
First Floor Landing, Lounge, Fitted Kitchen, Two Double Bedrooms and Bathroom

Tenancies

The property is let on a statutory periodic monthly tenancy after expiry of an AST granted in 2008 at a monthly rent of £450

Buyers Administration Fee

There will be a Buyer's Administration Fee of £2000 plus VAT payable upon exchange of contracts.

Outside

Shared driveway and garden and garage at rear.

Addendum

The current monthly rent is £450.
Photo of James Ashworth

James Ashworth

07928 583229
Photo of Heather Twiss

Heather Twiss

0161 967 0122

Joint Agent

Martin Galbraith
Brighouse Wolff Estate Agents
m.galbraith@brighouse-wolff.co.uk

Solicitor

Jennifer Clark
Brighouse Wolff Solicitors
01695 573202
j.clark@brighouse-wolff.co.uk
Lot 10 Finished
£92,000 Result
0161 967 0122
Manchester
0151 242 6754
Liverpool
0113 403 2010
Leeds
0121 213 6389
Birmingham
0207 692 1930
London
Landwood Property Auctions is a trading name of LWA Manchester Limited a company registered in the United Kingdom under company number: 10855915. Registered Office: South Central 11 Peter Street Manchester M2 5QR. A list of directors is available at the registered office. VAT Reg Number: 277177173