Block of Apartments in Bolton

16 & 18 Russell Street, Bolton BL1 4BE
  • Lot No: 36
  • Property Type: Block of Apartments
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £185,000+ plus fees

Result Sold at Auction £312,000

Property Description

DRAFT DETAILS Two adjoined properties arranged as four self-contained flats, let producing £20,700 per annum. The two properties each incorporate two self-contained flats and are fully occupied. Russell Street is accessed via Park Street and is positioned approximately one mile from Bolton town centre. Locally, the area is serviced by a number of convenient shopping amenities with a more substantial offering within the town centre. Transport links include a local bus network, Bolton train station approximately 1.5 miles away and easy access to M61 motorway.

16 Russell Street

Comprising -


Flat One (Ground Floor)

Kitchen 12ft1 x 7ft<br>Lounge 8ft1 x 16ft<br>Bathroom 4ft5<br>Bedroom (unmeasured)


Flat Two (upper floors)

First Floor- Lounge 12ft x 14ft Kitchen 9ft x 6ft1 Shower Room 5ft x 5ft Second Floor- Bedroom One 12ft x 12ft Bedroom Two 7ft x 12ft


18 Russell Street

Comprising -


Flat One (ground floor)

No access


Flat Two (upper floor)

First Floor-<br>Living Room 12ft x 14ft<br>Bathroom 5ft x 5ft<br>Kitchen 8ft10 x 7ft1<br><br> <br><br>Second Floor-<br>Bedroom One 12ft x 13ft<br>Bedroom Two 12ft x 7ft1


Tenure

Leasehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 27th January 2022

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

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Map

16 & 18 Russell Street, Bolton BL1 4BE