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THIS PROPERTY IS NO LONGER AVAILABLE

For Auction
Burnley Road East, Rossendale, BB4

£540,000
Guide Price
  • Property at Burnley Road East, Rossendale
  • Property at Burnley Road East, Rossendale

Key Features

  • For Auction on 13th October 2020
  • Lot tbc

Full Description

View this property on a map ****1NVESTMENT OPPORTUNITY****6000-6940 sq.ft**** 4 Self Contained Retail Units With 8 Apartments***Extensively Refurbished***Gross Income of £66,700 p.a.****Popular Location**

39-45 Burnley Road East, Rossendale Lancashire BB4 9AP

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Notice

Before buying at Auction, it is essential that you read our Notices to Prospective Buyers and the Common Auction Conditions. These can be found on our website https://edwardmellor.co.uk/auctions/buying-at-auction

You must not bid unless you have made yourself fully aware of the auction process. If you require help with this, please contact a member of the auction team.

Location

The property is located on the eastern side of Burnley Road East (B6238) at its junction with Thornfield Avenue, Waterfoot. Situated midway between Bacup and Rawtenstall, the A681 Newchurch Road is close by giving access to the M66 at Rawtenstall.

Additional Information

The property comprises a substantial three storey plus basement, late Victorian building of stone construction beneath a pitched slate roof which incorporates roof lights.
The building has been configured to provide four self-contained retail units all benefiting from similar style shop fronts, fronting Burnley Road East, together with eight self-contained apartments on the upper floors.

Each of the retail units is self contained with their own access and WC facility.
Apartments 1 and 5 are accessed from the Thornfield Avenue elevation and apartments 6, 7 and 8 via a walkway to the rear of the property.
Apartments 1, 6, 7 and 8 are on the first floor and are a mix of one and two bedroomed apartments with living kitchens and separate bathrooms. Apartment 8 has the benefit of basement storage and 2, 3, 4 and 5 are on the second floor being duplex apartments with a separate lounge, dining room, kitchen and second floor space, providing 1, 2 or 3 bedrooms, together with a bathroom.
The kitchens and bathrooms are fitted to a good modern standard and there are electric wall heaters throughout.
Edward Mellor have not inspected this property.

Possession

GROSS INCOME
£66,700 (Sixty six thousand six hundred pounds)

TENANCY AGREEMENTS
The residential apartments are all let on Assured Shorthold Tenancies. The retail units are on varying leases. Copies have not yet been inspected by Edward Mellor and have been requested,

Who, When And Where

Edward Mellor Auction
13th October 2020
Online Auction

Auction Consultant Dealing With This Property

Kate Freer

Important Notice

Before buying at Auction, it is essential that you read our Notices to Prospective Buyers and the Common Auction Conditions
These can be found on our website www.edwardmellor.co.uk/auctions/buying-at-auction
You must not bid unless you have made yourself fully aware of the auction process
If you require help with this, please contact a member of the auction team

In Order To Bid At Our Auction

If you are bidding for yourself: TWO FORMS of proof of ID: passport or driving licence, proof of address: bank statement, utility bill. Debit card, credit card, cheque book or banker's draft. Your solicitor's details.
If you are bidding on behalf of a Company: the above ID (on condition you are a director) AND the certificate of incorporation for the company.
If you are bidding on behalf of another person/company: the above ID for both yourself AND the person/company who will be listed as the purchaser and a letter of authorisation from the purchaser for you to act and bid on their behalf.

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