Lot 3 - 65 Selborne Street, Preston, Lancashire, PR1 4LA
- Unconditional Online Auction Sale
- Guide Price* : £55,000 plus
- Residential investment
- Let at a combine annual income of £7,500
- One building split into 2 flats
ON BEHALF OF THE COURT APPOINTED RECEIVER: Residential investment comprising two flats in a single freehold property let at a combined annual rent of £7,500
Description
The property comprises a mid terrace property split into two separate 1 bedroom flats, both of which are currently tenanted at a combined annual rent of £7,500. The property would benefit from refurbishment. The front door opens to a shared hallway, with access to the ground floor flat on the right hand side and the first floor flat has it's entrance door at the bottom of the stairs.
Location
Situated in a residential area, approximately 0.5 mile south of the city centre. Opposite is Frenchwood Community Primary School and several parks are close by, iwth local retail outlet son Manchester Road.
Tenure
Freehold
Accommodation
Ground Floor Flat: Living Room/Kitchen (4.10mx4.11m), Bedroom (3.96m x 3.69m) and Bathroom (2.59m x 2.26m).
First Floor Flat: Living Room (3.80m x 9.53m), Kitchen(2.84m x 1.87m), Bedroom (3.58m x 3.51m) and Bathroom(2.62m x 2.38m)
Outside
Rear yard
Tenancies
The ground floor flat is let at rent of £300 per month on a statutory periodic tenancy following the grant of an AST for 12 months from 14th December 2019 and the first floor flat is let at £325 per month on a statutory periodic tenancy following the grant of an AST for 6 months from 14th April 2020.
EPC
Energy Asset Rating is C (both flats)
Buyers Administration Fee
There will be a Buyer's Administration Fee of £2,400 (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.
3. The property is being sold under Proceeds of Crime legislation. Please see Legal Pack for further details.
* 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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