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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 1
  • Council Tax: Search

***INCOME PRODUCING COMMERCIAL INVESTMENT*** Mixed use commercial property with upper floor 1 bed duplex apartment. PROMINENT POSITION Located on the popular Blackburn Road ***IDEAL INVESTMENT***

PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** with excellent yield. SUPER TRADING POSITION *** with highly visible frontage.

Ground floor tenant - Barber. 3 years remaining on the lease producing £660 pcm (£7,920 pa) Upper floor residential is vacant. Realistic rental £550 pcm (£6,600) Total expected income £14,520

Ground floor commercial has been decorated to a high standard throughout. Upper floor duplex apartment benefits from a newly fitted kitchen, new boiler, gas central heating and double glazing.

Popular location close to a host of amenities. Located next to Asda supermarket with neighboring tenants including Beauty Salons, Take aways, Estate Agents and restaurants.

***INCOME PRODUCING COMMERCIAL INVESTMENT*** Mixed use commercial property with upper floor 1 bed duplex apartment. PROMINENT POSITION Located on the popular Blackburn Road ***IDEAL INVESTMENT*** PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** with excellent yield. SUPER TRADING POSITION *** with highly visible frontage with off road public parking to the rear. Ground floor tenant - Barber. 3 years remaining on the lease producing £660 pcm (£7,920 pa) Upper floor residential is vacant. Realistic rental £550 pcm (£6,600) Total expected income £14,520 Ground floor commercial has been decorated to a high standard throughout. Upper floor duplex apartment benefits from a newly fitted kitchen, new boiler, gas central heating and double glazing. Popular location close to a host of amenities. Located next to Asda supermarket with neighbouring tenants including Beauty Salons, Take aways, Estate Agents and restaurants.

Blackburn Road is a key thoroughfare with a mix of residential, commercial, and industrial areas. Stretching from Bolton’s town centre towards the north, the road connects the town with surrounding areas, including Darwen and Blackburn, making it a significant route for local and regional traffic. Blackburn Road is part of the A666, a major arterial road connecting Bolton with Blackburn and other parts of Lancashire. Regular bus services operate along Blackburn Road, linking Bolton with neighboring towns. Bolton Train Station, a short distance away, provides rail services to Manchester, Preston, and beyond. Proximity to Bolton Town Centre. The southern end of Blackburn Road leads directly into the town centre, offering easy access to shopping, dining, and other amenities.

Full Address: 467 Blackburn Road, Bolton, BL1 8NN

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 3
Rent: £7,920 per year / £660 per month
Yield: 7% (approx)
Tenant: Private Individual
Notes: Ground floor tenanted by a Barber paying £660 pcm Upper floor flat is vacant. Realistic rental £550pcm Total expected income £14,520 - 10.8% Yield (approx)

Document Downloads

Home Report (Pending) Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £111,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 06 February 2025, 10am-3pm
Type: Timed Online Auction

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