15 Heap Street, Burnley, Lancashire, BB10 1RL

Sold

Sold for

£50,000

Additional Costs / Fees will apply

Create Account / Login to access:

Finance Available

Similar Property to Sell?

Share this Property

Property Details

Location

Description

A residential investment opportunity comprising two studio flats both of which are now vacant. Pugh & Co has not inspected the property internally but understands the ground floor flat has suffered from vandalism and will require renovation. The first floor flat has recently been made vacant after an emergency prohibition order was issued to the vendor: we are advised this order requires works to be completed prior to the property being let, but does not require works to be completed subject to any other timeframe. The property offers an opportunity for an investor to undertake some asset management to then benefit from a high-yielding residential investment, with a possible rental income of £800pcm-£815pcm.

Location

The property fronts Heap Street, which is accessed via the A682 and located in a residential area of Burnley, approximately 1 mile north of the town centre. Nearby amenities include schools, a Lidl supermarket, and various eateries. Good transport links are provided by the A682, M65 and Burnley Central train station.

Tenure

We understand the property is sold leasehold on a term of 999 years from 20th August 1867 with a nominal rent.

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

General

1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 5TH NOVEMBER AND CLOSES ON WEDNESDAY 6TH NOVEMBER.

3. Pugh & Co has not inspected the property and cannot attest to its condition. It is sold as seen and the floorplans are provided by the vendor for indicative purposes. Buyers must satisfy themselves on this matter before bidding.

4. We are advised by the vendor that both flats are registered with the Burnley Council under the Selective Licensing Scheme.

5. Energy Performance Certificate = D.

6. We have been advised by the vendor that the property is being cleared.