Nelson Square
Bolton, BL1

£39,000 Guide price
Yield: 7.37%
Market Rent: £650pcm
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Features

  • INVESTMENT OPPORTUNITY
  • For Sale by Modern Auction
  • Subject to Reserve Price & Reservation Fee
  • Current Rental Income of £650pcm
  • Sold With Tenant In Situ
  • Town Centre Location
  • Lift Access
  • Council Tax Band: A

Description

Tenure: Leasehold

*** INVESTMENT OPPORTUNITY ***

This property is for sale by Modern Method of Auction powered by iamsold LTD - Starting Bid £39,000 + Reservation Fee

Located in Provincial House, a popular rental spot in Bolton town centre, is this modern studio apartment offered for sale with LONG TERM TENANT IN SITU. Currently managed by ourselves with a rental income of £650pcm the property offers a yield around 7.3%.

This apartment is located on Nelson Square in the town Centre, close to all the amenities including shops, restaurants and bars. It also offers great access to transport links by the bus and train all in walking distance.

Access to the property is via a secure communal door which leads to a staircase as well as the lift. The studio itself is made up of an open lounge/kitchen with separate bedroom area and a three piece shower room with storage surrounding the wc and basin. 

Auctioneer Comments

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangement

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

 

EPC rating: C. Council tax band: A, Tenure: Leasehold, Annual ground rent: £335.77, Annual ground rent review period (years): 190, Annual service charge: £3408.12, Service charge description: £284.01pcm
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Tenure & Council Tax Band

We are advised that the property is Leasehold £335.77 per annum with 190 years remaining) and within Bolton Council Tax Band A.

Disclaimer

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.
We have been informed that the boiler is dis connected however there is a brand new boiler in its packaging available to be fitted.

Documents

EPC Certificate
Download

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