Lot TBC - 46 New Wellington Street, Blackburn, Lancashire, BB2 4HA
- Unconditional Online Auction Sale
- Guide Price* : £72,000
- Bedrooms: 3
- Bathrooms: 2
- Reception Rooms: 2
TWO SELF CONTAINED FLATS, BOTH SOLD WITH TENANT IN SITU ACHIEVING APPROXIMATELY 12% RENTAL YIELD. To be sold via online auction - powered by The Auction Group
Description
Presenting an exceptional investment opportunity, this property comprises of two self-contained flats, both currently tenanted and generating a strong rental yield of approximately 12%. The first flat offers a well-proportioned one-bedroom layout, featuring a a living area, a fitted kitchen and bathroom. The second flat is arranged as a spacious two-bedroom flat, providing a living room, a fitted kitchen and bathroom. Each flat benefits from its own private entrance, ensuring a sense of independence and privacy for the occupants. The property is being sold with tenants in situ, offering immediate income for investors and eliminating the uncertainty of finding new occupants. The combined rental income delivers an attractive yield, making this property an ideal addition to any investment portfolio. The location is highly desirable, with local amenities, transport links, and schools all within easy reach, ensuring continued tenant demand. With its flexible configuration, strong rental returns, and secure tenancies already in place, this property represents a rare chance to acquire a ready-made investment with excellent potential for ongoing income and capital growth.
Auction Details
To be sold via Online Auction, via unconditional terms, completion strictly within 28 days
Bidding window opens - TBC
Auction Ends- TBC
Starting price - £72,000 (Reserve price is higher & unpublished)
Fees
All fees are payable by banks transfer only (we do not take card payments )
Buyers premium - Please note that there is a buyers premium of £6000inc vat that applies to this lot ( %including VAT ) payable by the buyer within 2 hours of winning the auction. The buyer's premium does not constitute part of the sale price, this is the auctioneer's fee and is to be paid over and above the sale price paid to the vendor.
Searches - searches have been ordered and will be made available for download from The Auction Groups website prior to bidding taking place.
Viewings
To view the property please visit The Auction Groups website - www.the-auctiongroup.co.uk for viewing availability and to register your interest. It is highly recommended that you carry out any required due diligence prior to placing an offer on a property.
EPC Rating: C (current 70, potential 73)
* 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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