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Upcoming auction: 29th Oct

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Lot

092

Auction Ends: 29/10/2025 14:24 - Bidding opens Tuesday 28th October 10:00 AM

Block Of Flats 32-46 New Drake Green, Westhoughton, Bolton, Lancashire, BL5 2RF

Guide Price

£295,000 plus

Additional Costs / Fees will apply

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Property Details

Location

Description

A high-yielding residential investment opportunity generating £31,408 of rent per annum. The property comprises a complete block of 8 flats, all sold subject to tenancies with Bolton at Home. Each tenancy generates a rent of £75.50 per week. We are advised each flat benefits from an allocated parking space in the adjacent car park. The property is located in a residential area of Westhoughton, approximately 2 miles south of the town centre and 6 miles south-west of Bolton.

Tenure

Each flat is held as an individual, long-leasehold title with a term of 120 years from 30th June 1981.

Tenancy

The property is generating £31,408 per annum of rent via 8 individual leases, all of which detail a weekly rent of £75.50. Buyers are directed to the legal pack which contains the agreements. We believe the market rent for a studio flat would be in the region of £7,800 per annum, which would total £62,400 of total annual rent if achieved.

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 refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 28TH OCTOBER AND CLOSES ON WEDNESDAY 29TH OCTOBER.

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

4. Energy Performance Certificates:
Flat 32 = D
Flat 34 = D
Flat 36 = D
Flat 38 = D
Flat 40 = C
Flat 42 = D
Flat 44 = D
Flat 46 = D

5. Buyers are advised to investigate the reduced SDLT rates when buying 6+ properties as a single transaction, applying lower, non-residential rates. Buyers must satisfy themselves on this matter.