Lot
053
Auction: July 2021 Online Auction 21/07/2021

5 Lydia Street, Accrington, Lancashire BB5 0PX

Property Details
Location
Description
A three bedroom end terrace dwelling benefiting from UPVC double glazing and gas central heating together with front and rear gardens and garage. The property is sold subject to an existing sale agreement under the terms of which the pre-agreed buyer will complete the purchase on 1 March 2032. The pre-agreed buyer is in occupation of the property and is contractually obliged to pay £569.24 pcm (£6,830.88 per annum) for the intervening period and a final payment of £15,000 (plus legal fees) on completion of the eventual sale in 2032. The monthly payments form part of the deposit towards the eventual completion and in the event of default or breach of the terms of the sale contract/licence to occupy, the monies paid to that point may be forfeit. The monthly deposit payments are able to be released as they are paid for the benefit of the owner. The Buyer will own the property on completion and take an assignment of the pre-agreed contract for onward sale which the property is subject to.
Location
The property is located at the head of Lydia Street, off Marsden Street, less than 1 mile from Accrington town centre.
Accommodation

Ground Floor:Entrance Hall, Living Room, Kitchen-Diner
First Floor:3 Bedrooms, Bathroom

Outside
There are gardens to the front and rear of the property together with a garage.
Tenure
Unknown
Tenancy
The property is occupied by the pre-agreed buyer under a Licence to Occupy, forming part of the existing sale agreement, paying a monthly payment of £569.24 (£6,830.88 per annum) until completion in 2032.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 20TH JULY AND CLOSES ON WEDNESDAY 21ST JULY.

3. The property is listed with a Council Tax assessment in Band A.

4. Please refer to the legal pack for further details regarding the existing sale agreement.

5. Energy Performance Certificate = D.
Addendum
The property is held by way of a 999 year lease from 23 March 1877.

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