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£250,000 Guide Price

Clarence Street, Shaw, OL2 6LR (3 x 1 Bed Apts and 1 x Retail Unit)

£250,000 Guide Price

3 Bedroom Apartment For Sale

Clarence Street, Shaw, OL2 6LR (3 x 1 Bed Apts and 1 x Retail Unit)


Key features

  • TURN KEY INVESTMENT OPPORTUNITY
  • THREE SELF CONTAINED APARTMENTS
  • ONE SELF CONTAINED RETAIL UNIT
  • GROSS ANNUAL RENTAL OF £23,140
  • GROSS ANNUAL YIELD AT THE GUIDE OF 9.2%
  • UPVC WINDOWS AND DOORS
  • LARGE CELLAR
  • COMMUNAL GARDEN
  • OFF ROAD GATED PARKING
  • EARLY VIEWINGS RECOMMENDED!

SUMMARY
*For sale by Modern Method of Auction; Starting Bid Price £250,000 plus Reservation Fee*

Martin & Co are delighted to offer For Sale this investment opportunity consisting of three one bedroom apartments and one retail unit - all currently tenanted - producing an annual rental income of £23,140 and a 9.2% gross yield at the guide price.

Each self contained apartment benefits from modern fixtures and fittings, UPVC windows and gas combi central heating. The prominent retail unit has its own private entrance.

All relevant safety certificates, rent accounts (no arrears) and tenancy documents are available.

Early viewings are a must!

This property is for sale by "Merseyside & Cheshire North Wales Property Auction "powered by iam-sold Ltd"  

AUCTION SITE LINK
Please click on the link below to be taken to the Iamsold website where further information including the Property Information Pack can be found. If the link is not displayed please visit www.iamsold.co.uk

https://www.iamsold.co.uk/auction/properties/2be6a6bb6b3c42ef8e7cbacf2d22a147

If the link is not displayed please visit www.iamsold.co.uk  

VIDEO WALKTHROUGH TOUR
Please click on the Video Tour tab to view a walk through tour of the properties 

AUCTIONEER COMMENTS
Auctioneer Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.

This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc. VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.TO VIEW OR MAKE A BID contact Martin and Co Estate Agents Rochdale on 01706 648277 

APARTMENT COMMUNAL AREAS
An entrance hallway provides access to two storage cupboards housing the electricity and gas meters and leads to an internal hall providing access to Apartment 1a, the large cellar and stairs to first floor.

The first floor landing area includes a storage room and provides access to Apartments 1b and 1c 

APARTMENT 1A - GROUND FLOOR - EPC: C  

HALL 3' 3" x 6' (0.99m x 1.83m)
Neutral decor  

LOUNGE 9' 9" x 11' 10" (2.97m x 3.61m)
Neutral decor, laminate flooring, French doors to garden area 

KITCHEN 6' 2" x 11' 10" (1.88m x 3.61m)
Neutral decor, a range of wall and base units, SS sink, integrated electric oven and halogen hob 

SHOWER ROOM 11' 6" x 5' 3" (3.51m x 1.6m)
Neutral decor, partially tiled walls, white toilet and wash hand basin, shower cubicle, UPVC window 

BEDROOM 14' 2" x 15' 11" (4.32m x 4.85m)
Neutral decor, UPVC window, radiator 

APARTMENT 1B - FIRST FLOOR - EPC: C  

HALL 3' 3" x 4' 8" (0.99m x 1.42m)
Neutral decor 

KITCHEN/BREAKFAST ROOM 8' 5" x 11' 2" (2.57m x 3.4m)
Neutral decor, a range of wall and base units, SS sink, integrated electric oven and hob, UPVC window, radiator 

SHOWER ROOM 6' 8" x 6' 6" (2.03m x 1.98m)
Neutral decor, partially tiled walls, white toilet and wash hand basin, shower cubicle, chrome towel rail / heater 

LOUNGE 11' 1" x 16' 5" (3.38m x 5m)
Neutral decor, radiator, UPVC window 

BEDROOM 14' 0" x 10' 4" (4.27m x 3.15m)
Neutral décor, UPVC window, radiator 

APARTMENT 1C - 2ND FLOOR - EPC: C  

LOUNGE / KITCHEN / DINER 15' 11" x 13' 2" (4.85m x 4.01m)
Neutral decor, a range of wall and base units, SS sink, integrated electric oven and hob, UPVC window, radiator 

BEDROOM 10' 2" x 7' 10" (3.1m x 2.39m)
Neutral decor, UPVC window, radiator 

SHOWER ROOM 4' 10" x 8' 6" (1.47m x 2.59m)
Neutral decor, partially tiled walls, white toilet and wash hand basin, shower cubicle, chrome towel rail / heater 

70-72 HEYSIDE - BARBERS - EPC: C  

RECEPTION ROOM 8' 11" x 18' 11" (2.72m x 5.77m)
Neutral decor, radiator, UPVC window and door 

KITCHEN AREA / WC 8' 6" x 4' 5" (2.59m x 1.35m)
Neutral decor, worktop, SS sink, separate wc 

ROOM ONE 16' 11" x 22' 4" (5.16m x 6.81m)
Two large windows, external door - currently configured as a working barbers 

STORAGE 5' 0" x 5' 6" (1.52m x 1.68m)
Storeroom located within Room One 

ROOM TWO 14' 6" x 15' 2" (4.42m x 4.62m)
Window - currently used as a waiting room / storage - potential treatment / retail area 

 

EXTERNAL
There is gated parking for two vehicles (in tandem) to the rear (currently used by apartment 1b) and a rear garden set to patio and artificial grass. 

IMPORTANT COVID-19 INFORMATION, PLEASE READ
The government have allowed estate agents to re-open and resume viewings and house moves.

The health and safety of our staff, contractors and clients is paramount and so, in order to prevent unnecessary viewings, we request that prior to contacting us you do the following.

1. Thoroughly read the properties sales particulars
2. If there is a floor plan, video, or 360' virtual tour please view them to ensure the property and its layout meets your needs
3. If there are room dimensions, please take note to ensure the room sizes meet your needs
4. Conduct a drive by of the property to ensure the position and location of the property meets your needs

Assuming the above is ok and you are not exhibiting signs of covid-19 (persistent cough, high temperature), please contact the office where we will be happy to answer your questions and arrange a viewing.

For all viewings:

1. You will be required to bring your own hand sanitizer and sanitize prior to entering and upon leaving the property
2. You will be required to bring your own face mask, or face covering and to wear this throughout the viewing. Shoes should be removed or plastic over boots worn
3. You must not touch any surfaces within the property during the viewing
4. You will be required to maintain social distancing of at least 2m from our staff during the viewing
5. Viewings are limited to two adults maximum and of the same household (no children)
6. Should you have any questions during the viewing, please write them down and email or call the office after the viewing

By following the above we will help to create a safe environment and enable house moves to occur during these difficult times.  

Calculate your Stamp Duty

Until June 30 2021 most buyers will be exempt from paying stamp duty on the first £500,000 of the purchase price. Calculate how much Stamp Duty you would have to pay on this property by using the calculator below.

Please note: This calculator is provided as a guide only on how much stamp duty land tax you will need to pay in England and Northern Ireland. It assumes that the property is freehold and for residential purposes.

Book a viewing

Contact Martin & Co Rochdale

  • 15B Cheetham Street
  • Rochdale
  • OL16 1DG

Call 01706 648277

rochdale@martinco.com

Contact us now