St Thomas’s Road
Ref: Lot 2
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Flat 2, 21, 29, 31 and 40 Sumner House, St Thomas’s Road, Chorley, Manchester, PR7 1HP
EXCELLENT BUY TO LET PROPERTY INVESTMENT OPPORTUNITY - FULLY TENANTED 5 X STUDIO APARTMENTS! These wonderful stylish studio apartment is situated in the heart of Chorley town centre. An investment deal not to be missed.
EXCELLENT BUY TO LET PROPERTY INVESTMENT OPPORTUNITY - FULLY TENANTED 5 X STUDIO APARTMENTS! These wonderful stylish studio apartment is situated in the heart of Chorley town centre. An investment deal not to be missed.
Description
These excellent studio apartments comprise of; entrance hallway leading to the open plan living area featuring sleeping area; fully-fitted high specification kitchen; storage cupboard and ensuite shower room. The apartments comes with allocated parking. The also have a state of the art smart heating system, as well as key-less electronic fob access from the apartment door.
Sumner House is an ideal investment for any landlord. The apartments have a central location in Chorley which is just a 5 minute walk to the train station, making it easier for those who commute to cities such as Manchester, Liverpool and London. Sumner House has a variety of bars, shops and restaurants right on its doorstep, making it attractive to young working professionals. This block also has the benefit of HG Smart Technology which allows you to keep a closer eye on energy prices and usage to allow better returns and lower outgoings.
This property is also a short distance from Preston which is the third largest city in the North West, and the largest in its county of Lancashire. It is only a 40 minute train journey from Manchester and a 50 minute train journey from Liverpool, whilst also having direct links to London and Glasgow. In addition, the city sits at the heart of a motorway network making it incredibly easy to access to the rest of the UK. With this in mind, and the fact that many university students decide to stay in the city after their graduation, the population of Preston is expected to grow exponentially in the coming years. In turn, house prices are predicted to continue to rise, following the growth of almost 20% in the last five years according to Zoopla figures.
Financial Breakdown
Rental income £2,975pcm / £35,700
Gross Rent: £34,380 pa
service Charge: £6,102
Ground rent: £350 per flat
Gross yield: 9.17%
Net yield: 7.07%
IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Town and Country Property Auctions nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
nb. Leases of the flats require consent from the Landlord so the sale will be conditional on consent being granted. An application will need to be made for consent following the auction.
Tenure
Leasehold
Buyers Premium
* Plus 3% Buyers Premium plus VAT
Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Council Tax Band
A
Annual Ground Rent
£350
Annual Service Charge
£6,102
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
Auction Ends:
Town and Country Property Auctions are pleased to offer a superb investment property with a potential rental income of £11,400 pa. This two bedroom mid terrace house in located in the sought after location of Heaton Moor and offers living room, spacious kitchen, two bedrooms, family bathroom and rear garden.
£130,000 + fees
Auction Ends:
Fantastic opportunity to buy a BMV property in Tottenham N17. Excellent BTL potential This three-bedroom terraced house is ideally situated in the heart of North London, in the vibrant and well-connected Tottenham area. 25 Rowland Hill Avenue offers a perfect home for families or professionals.
£400,000-£450,000 + fees
Auction Ends:
FANTASTIC INVESTMENT OPPORTUNITY - FIRST FLOOR FLAT AND COMMERICAL PREMISES (CURRENTLY USED AS A CAFE)
£159,950 + fees
Auction Ends:
FANTASTIC INVESTMENT OPPORTUNITY WITH STRONG RENTAL YIELD
£125,000 + fees
Auction Ends:
Situated in the extremely desirable and sought after location of Healds Green with open countryside on your doorstep yet within easy reach of local schools and amenities, Chadderton Hall Park and ideal for the Northwest motorway network, is this beautifully presented extended two bedroom semi-detached property.
310,000 + fees
Auction Ends:
***A fantastic working farm with detached three-bedroom home, double garage and a large barn set within eight acres of land nestled in the heart of Delph*** The land includes fishing rights to the stream running through, making this an ideal purchase for those enjoying fishing. There is a flat area which is waiting planning permission approval for a two-bedroom bungalow.
£575,000 + fees
Auction Ends:
EXCELLENT BUY TO LET PROPERTY INVESTMENT OPPORTUNITY - FULLY TENANTED 5 X STUDIO APARTMENTS! These wonderful stylish studio apartment is situated in the heart of Chorley town centre. An investment deal not to be missed.
£340,000 + fees
Auction Ends:
A rare opportunity to purchase a portfolio in central Middleton consisting of shops and flats with excellent rental yields and long term established tenants. MASSIVE POTENTIAL RENT REVIEW IN PROGRESS
£530,000 + fees
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- All interested bidders are assumed to have carried out due diligence and checks prior to bidding on the lot
- Buyers are advised to refer to individual terms and conditons, relevant legal pack and are not to rely on details or videos provided by the agent as statement of fact on the basis on proceeding with a sale
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