Crown Lane, Horwich
£125,000
Guide price
Guide price
Sold STC
Bedrooms: 3
**CALLING ALL INVESTORS & LANDLORDS****FOR SALE BY MODERN METHOD OF AUCTION**
AUCTION ENDING 1PM ON 14TH FEBRUARY
EXCELLENT INVESTMENT OPPORTUNITY- DUAL INCOME RETURNING OVER 8% YIELD - TWO SELF CONTAINED FLATS WITH SITTING TENANTS!!!
Large Split Level End Terrace Property - Option to Convert to Commercial Unit - Ideal Investment with Sitting Tenants - Popular Location Close to Train Station - Full Length Cellar - No Chain
A fantastic opportunity to purchase this large end terrace split level property with one bedroom ground flat and two bedroom upstairs flat. It is ideally located on the hugely popular Crown Lane, Horwich. It is conveniently located within walking distance of local amenities, Blackrod train station and well renowned schools and also a short drive to Middlebrook, M61 motorway and excellent rail links!! The property has the benefit of being purchased with tenants in situ, including long standing tenants on the ground floor, they are currently returning over 8% yield which is rarely seen in Horwich.
Downstairs the entrance through your own front door leads into a spacious open plan lounge/diner and through hallway leads into modern kitchen, 3 piece bathroom, and large bedroom. The property also boasts a separate cellar with access at the front, the full length of the flat ideal for storage or can be converted into an alternative space. Upstairs has an entrance hallway and stairs leading up to the flat, to the right is the three piece bathroom suite and kitchen with range of wall and base units and views. To the left is access to the spacious lounge and to the front are the 2 bedrooms including the large master and well sized second bedroom.
The property also offers huge potential to continue with its existing use or convert back in to a commercial premises (subject to planning) which would get large passing trade and footfall and keep the upstairs as residential.
Investment opportunities which offers this flexibility of usage do not come along very often in Horwich, Please call the office ASAP to arrange a viewing!
Auctioneer Comments
This property is for sale by Traditional Auction. Exchange takes place immediately with completion within 28 days. The buyer
pays a 10% (of the purchase price) Non-Refundable Deposit on exchange. Interested parties' personal data will be shared
with the Auctioneer (iamsold Ltd).
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the
service is taken. Payment varies but will be no more than £450. These services are optional.
AUCTION ENDING 1PM ON 14TH FEBRUARY
EXCELLENT INVESTMENT OPPORTUNITY- DUAL INCOME RETURNING OVER 8% YIELD - TWO SELF CONTAINED FLATS WITH SITTING TENANTS!!!
Large Split Level End Terrace Property - Option to Convert to Commercial Unit - Ideal Investment with Sitting Tenants - Popular Location Close to Train Station - Full Length Cellar - No Chain
A fantastic opportunity to purchase this large end terrace split level property with one bedroom ground flat and two bedroom upstairs flat. It is ideally located on the hugely popular Crown Lane, Horwich. It is conveniently located within walking distance of local amenities, Blackrod train station and well renowned schools and also a short drive to Middlebrook, M61 motorway and excellent rail links!! The property has the benefit of being purchased with tenants in situ, including long standing tenants on the ground floor, they are currently returning over 8% yield which is rarely seen in Horwich.
Downstairs the entrance through your own front door leads into a spacious open plan lounge/diner and through hallway leads into modern kitchen, 3 piece bathroom, and large bedroom. The property also boasts a separate cellar with access at the front, the full length of the flat ideal for storage or can be converted into an alternative space. Upstairs has an entrance hallway and stairs leading up to the flat, to the right is the three piece bathroom suite and kitchen with range of wall and base units and views. To the left is access to the spacious lounge and to the front are the 2 bedrooms including the large master and well sized second bedroom.
The property also offers huge potential to continue with its existing use or convert back in to a commercial premises (subject to planning) which would get large passing trade and footfall and keep the upstairs as residential.
Investment opportunities which offers this flexibility of usage do not come along very often in Horwich, Please call the office ASAP to arrange a viewing!
Auctioneer Comments
This property is for sale by Traditional Auction. Exchange takes place immediately with completion within 28 days. The buyer
pays a 10% (of the purchase price) Non-Refundable Deposit on exchange. Interested parties' personal data will be shared
with the Auctioneer (iamsold Ltd).
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the
service is taken. Payment varies but will be no more than £450. These services are optional.
01204 214322
Regency Estates - Horwich Sales
Regency Estates, 34 Lee Lane, Horwich, Bolton, Greater Manchester
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