Sold Price: £121,500, 1 Bolton Road, Farnworth, Bolton, Greater Manchester, 433+46267

Property Details

Location

The property is located in an established and prominent residential position fronting on to Bolton Road (A6053) and opposite to Moses Gates Railway Station. Bolton town centre is around 3 miles to the north west.

Description

To be offered by auction. Three storey (plus basement) end terrace fully let residential investment which currently comprises 4 one bedroom flats but which has potential to create a number of further flats within the existing building. Current rent reserved is £16,320 per annum.

Accommodation

We detail below the following accommodation:

Ground Floor

Entrance Hallway, 2 x 1 bedroom flats (Separate independent access to one of the flats from side door)

First Floor

Landing, 2 x 1 bedroom flats

Second Floor

Vacant Space Suitable For Conversion to a flat (Subject to the necessary consents)

Basement

Vacant Space Suitable For Conversion to a flat (Subject to the necessary consents)

Outside

Large gated and enclosed rear yard with detached workshop / outbuilding with development potential, subject to gaining the necessary consents. Separate entrance to one of the flats.

Tenancy

Each of the 4 existing flats is let at a rent of £340 pcm (£4,080 per annum) giving a total rent of £16,320 per annum.

General

The property is held leasehold for a term of 999 years (Less 10 days) from 24th June 1866 at a rent of £6 per annum.

Addendum

The property is held leasehold for a term of 999 years (Less 10 days) from 24th June 1866 at a rent of £6 per annum.

1 Bolton Road, Farnworth, Bolton, Greater Manchester, BL4 7JU

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