Property Details
Pugh Auctions
Lot 063
Lot 063
Auction: September 2018

Ground Rent Investment & Development Plot, Lower Hollin Bank Street / Charles Street, Blackburn, Lancashire, BB2 4AD

Property Details
Location

The houses are located fronting on to Lower Hollin Bnak Street / Hamilton Street in an established residential housing position which is accessed from Bolton Road (A666). Blackburn town centre is around 1 mile to the north east.

Description

To be sold by auction. This lot is now the combination of Lots 63 & 64 Residential ground rent investment which comprises 14 individual leases on modern constructed houses with a total current rent reserved of £1,400 per annum which is subject to rent reviews. The lot being sold also includes a vacant parcel of residential development land with planning consent for the erection of a two bedroom detached bungalow on the land with double driveway car parking & gardens.

Approx Site Area

Development Plot - Approximately 339 sq m (405 sq yds).

Planning

Planning consent was approved on 15th March 2018 (Application Number 10/17/1230) for the erection of a two bedroom detached bungalow on the vacant land on Charles Street with double driveway car parking & gardens. Interested parties should consult with the local planning office, Blackburn with Darwen Borough Council, Town Hall, Blackburn, Lancashire, BB1 7DY. Tel: 01254 585585, Fax: 01254 680870. Interested parties should consult with the local planning office, Blackburn with Darwen Borough Council, Town Hall, Blackburn, Lancashire, BB1 7DY. Tel: 01254 585585, Fax: 01254 680870.

Tenancy

Each of the 14 houses has been sold off by way of individual 250 year leases at current rents of £100 per annum giving a total rental income of £1,400 per annum and the leases are subject to rent reviews.

Addendum

This lot is now the combination of Lots 63 & 64 and the lot heading is now Ground Rent Investment & Development Plot, Lower Hollin Bank Street / Charles Street, Blackburn, Lancashire, BB2 4AD.

Property Location Address:
Ground Rent Investment & Development Plot,
Lower Hollin Bank Street / Charles Street,
Blackburn,
Lancashire,
BB2 4AD
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Auction Details
Auction: September 2018 Date: 6th September 2018 Lot Number: 063 Doors Open: 10:30am Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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