Large investment property on busy main road with flats and vacant takeaway.
TO BE SOLD BY AUCTION 26 JULY 2017
REFER TO THE AUCTION CATALOGUE FOR FURTHER DETAILS: LOT 56.
GUIDE PRICE: £250,000
EPC ratings - EPC ratings: Shop C. Flats: Four are D, Four are E.
*For essential guide price information visit: www.edwardmellor.co.uk
EPCs on order
This is a very deceptive property and plot located less than a mile from Preston Centre and University which could make this a very shrewd mixed use investment that based on previous income could generate around £50,000 per annum net of HMO bills equating to a16.6% return each year. There is also potential, subject to permission, that access could be made to the rear for parking. There is also potential to develop the site further: An historic application was made reference number: 06/2007/0061 for outline planning for the erection of three and four storey building comprising 14no. Apartments and 1no. Class A1 retail/Class A3 cafÃ© unit (following demolition of existing building) 23-May-2007. Decision: Previously approved subject to s106 agreement
Circa 60 SQM (645 SQFT) open plan to front with kitchen area behind and WC and basement. Former takeaway (A3/A5).
2 Stanley Street
Separate entrance to front through ginnel. Flat 1: Self contained flat with living room, kitchen, bathroom, bedroom. Flat 2: Self contained flat with living room, bathroom, bedroom. Flat 3: First floor self contained flat, living room, kitchen, bathroom,
3a Stanley Street
Ground floor entrance. First floor: Flat 1: Large living room and kitchen, Two bedrooms, bathroom. Flat 2: Self-contained flat with, living room and kitchen, bedroom, bathroom. Second floor: Flat 3: Living room and kitchen, three rooms, bathroom.
Tenure: Freehold. Rateable valuation: 3 & 3a Combined: 11,000 per annum. Flats: Band A Council Tax. Majority double glazed, central heating systems in all flats. Recent improvements have been electrical installations, new boilers in 6 flats, modernised kitchens and bathrooms, carpeting and general decor. EPC ratings: Shop C. Flats: Four are D, Four are E.
Auction department 0161 443 4740
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