Block of Apartments
A well maintained property arranged as three self-contained flats previously let at £1,045 per month (17.9% yield based on the current guide price). The property is situated just a few miles from the motorway networks and is directly on a bus route central to three major towns of Halifax, Burnley and Rochdale. The property is just a short walk to Todmorden train station with routes into Manchester Piccadilly and is located approx. 100 metres from Weir Minerals Europe which is Todmorden’s largest employer. The accommodation benefits from electric heating and double glazing and in brief comprises -
Ground Floor - Lounge, Kitchen, Bedroom, Shower Room. (Previously let in the region of £395 pcm).
First Floor - Hallway, Kitchen diner, bedroom, shower room. (Previously let at £350 pcm)
Second Floor - (Studio) Bedroom/Lounge, Shower Room, Kitchen Diner. (Previously let at £300 pcm)
Leasehold. Vacant possession upon completion.
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.
