3 bedroom Terraced House in Burnley

50 Colne Road, Burnley BB10 1LG
  • Lot No: 78
  • Property Type: Terraced House
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £120,000+ plus fees

Result Sold Prior to Auction

Property Description

Three self-contained flats, let producing £15,600 per annum. The property has been recently renovated to a high standard and comes fully let, producing an attractive 13% yield on guide. Well positioned on Colne Road which forms part of the A682, the property benefits from good transport links including a local bus network and Burnley Central Station. Locally there are a number of convenient amenities with a wider offering within Burnley town centre itself. Queens Park is located a short distance away and offers a number of recreational options.

Ground Floor:

Flat One - Let at £500 per calendar month.


First Floor:

Flat Two - Let at £400 per calendar month. Flat Three - Let at £400 per calendar month.


Note:

The internal photographs have been provided by the vendor of the property.


Draft Sales Details

These sales details are awaiting vendor approval.


Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.


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 23rd February 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

50 Colne Road, Burnley BB10 1LG