AVAILABLE TO BUY POST AUCTION

A large, four bedroom end of terrace property located in a convenient position close to the centre of Oswaldtwistle. The property is currently being operated as a small House of Multiple Occupation (no licence required) and is offered as an investment opportunity, producing an annual rent of £16,123.92 which equates to a healthy yield of almost 14% based on the quoted guide price. We have been advised one room is currently vacant, and was previously achieving £475pcm/£5,700pa in addition to the current income and would take the yield up to 19%. Internally, accommodation comprises entrance hall, bedroom 1, lounge, kitchen and bedroom 2 on the ground floor. To the first floor there are a further two bedrooms, a store room, and two shower rooms. Externally there is a small enclosed yard to the rear.

Tenure

Freehold

Ground Floor

Lounge Kitchen Bedroom Bedroom

First Floor

Bedroom Bedroom Store Room Shower Room Shower Room

Energy Efficiency Rating (EPC)

Current Rating E

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Hyndburn Borough Council - Council tax band A

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of 1.2% inc VAT, subject to a minimum of £1500 inc VAT.

Disbursements - Search Fees £300 inc VAT

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.