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THIS PROPERTY IS NO LONGER AVAILABLE

3 bed Residential Investment For Auction
West Park Avenue, Preston, PR2

£70,000
  • Property at West Park Avenue, Preston

Key Features

  • For Auction on 28th July 2021
  • Lot 2

Full Description

View this property on a map Starting Bid £70,000

Three bedroom end terraced house occupied on a lease for life - call 0161 443 4740 for more information.

** THERE WILL BE NO INTERNAL VIEWINGS AND INTERESTED PARTIES ARE REQUESTED NOT TO CONTACT NOR DISTURB THE OCCUPANTS **

8 West Park Avenue, Ashton-on-ribble, PR2 1UH.

TO BE SOLD BY ONLINE AUCTION ON 28 JULY 2021.

If you intend to borrow any money from a financial institution please make sure they are in a position to provide the funding in a timely manner. For further help you can call 0161 443 4740 to discuss your needs or email [email protected]

Important Information

Notice

Before buying at Auction, it is essential that you read our Notice to Prospective Buyers and the Common Auction Conditions.

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.

Additional Information

The accommodation has not inspected by Edward Mellor but advised by the sellers to comprise: Ground: Vestibule, living room, dining/kitchen. First: Three bedrooms, bathroom, separate WC. There is an L-shaped garden to the front and side of the house, and a narrow triangular shaped plot immediately at the rear with parking for two cars to the front garden area.
The house is located on the edge of a medium sized local authority estate just off the Blackpool Road on the outskirts of Preston, about four miles from the city centre. The area is well located for local amenities and transport links, and there are several schools nearby. The estate appears to be well maintained, with very few empty houses, and none were boarded or damaged.

Possession

Let under a lifetime Occupancy Agreement (commenced 04/07/94) at a contractual rent of £189.44 per week (9850.88 per annum). Potential yield of 14%.
The tenancy is for life and rents are contracted to increase on 01 April annually by an amount equal to the previous 12 months increase in the RPI (All Items) Index plus 2%.
Please refer to the legal pack for more information.
THERE WILL BE NO INTERNAL VIEWINGS AND INTERESTED PARTIES ARE REQUESTED NOT TO CONTACT NOR DISTURB THE OCCUPANTS

Auction Consultant Dealing With This Property

Kate Freer - 0161 443 4740.

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Important Notice

Before bidding, it is essential that you read our Online Auction Buying Guide. This is on our website www.edwardmellor.co.uk
ews/online-auction-buying-guide. You must not bid unless you have made yourself fully aware of the auction process. If you need help with this, please contact a member of the team.

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