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97 Athol Street South, Burnley BB11 4PA

Lot no: 94 Sold at Auction for £40,000
 

Guide Price £37,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Wednesday 27th March 2024

9.00am
Key Features
  • Ideal investment opportunity
  • Residential location
  • Close proximity to amenities
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Sold at Auction for £40,000

End of terrace house

Property Description:

A two-bedroom end terrace, currently let at £5,100 per annum.


A deceptively spacious, end-terrace property in Burnley.

Traditionally, the property would offer two large reception rooms and two sizeable bedrooms however, at present one of the reception rooms is being used as a third bedroom.

The property is let on a now rolling contract at £5,100 per annum, but we believe there is scope to increase this, based on market rent in the area. The property is situated in a quiet, residential area just over a mile from the town centre, with all necessary amenities and services nearby. There are train services operating within a mile from the property, a bus network services the area and convenient road links.

Ground floor:
Front reception room (third bedroom) - 12ft2 x 9ft10
Lounge - 15ft1 x 14ft5
Kitchen - 10ft10 x 6ft7
Utility room - 11ft1 x 5ft10
First floor:
Bedroom one - 14ft5 x 11ft
Bedroom two - 12ft2 x 10ft9
Outside:

Enclosed rear garden.

Construction material:

Cavity wall.

Parking arrangements:

On street.

Water supply:

Mains.

Electricity supply:

Mains.

Sewerage arrangements:

Mains.

Heating supply:

Gas.

Broadband:

Standard - 7 mbps. Superfast - 60 mbps. Ultrafast - 1000 mbps available.

Mobile phone coverage:

O2, EE, Three, Vodafone available

Leasehold:

999 year lease from 10th June 1907

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

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 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 auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers fee of £3,000 inc VAT

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.