Terraced House
A three-bedroom, mid-terrace property in Darwen, currently let producing £6,480 per annum.
A substantial property in Darwen, comprising three bedrooms and occupying a convenient location, close to the town centre. Situated on Blackburn Road, the property lies just over one mile north of Darwen Town Centre and just three miles south of Blackburn. All necessary amenities and services can be found nearby including shopping facilities, schooling, and transport links. The local post office and pharmacy are both within easy reach and the Royal Blackburn Hospital is just three miles from the property. The property is well placed for access to the motorway network with the M65 easily accessible nearby. Further transport links include a regular bus network and there are train services operating from Darwen and Blackburn.
We have been advised that the property is currently occupied and is producing £6,480 per annum. We believe a higher rental income could be achieved, based on comparable evidence.
Two reception rooms, kitchen and utility room
Three bedrooms and family bathroom
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.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
These sales details are awaiting vendor approval.
Leasehold. Subject to tenancy.
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 Variable Fee (England and Wales).
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 auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyers 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 Price
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.
