Gower Street, Bolton, Greater Manchester, BL4

Portfolio Properties are pleased to offer this well located end of terrace building offers a straightforward residential investment with immediate income in place. The property is arranged as two self-contained one-bedroom flats, both currently let, producing a combined rental income of £14,400 per annum.

The property is held on a long leasehold interest originally granted for 972 years from 24 December 1889, leaving approximately 836 years unexpired, providing excellent long-term security for investors. The ground rent is nominal at £2.45 per annum.


Accommodation
The building is internally arranged to provide:
* Two one bedroom self contained flats
* Each flat subject to an Assured Shorthold Tenancy
* Shared access and rear yard

Location
The property is situated on the north side of Gower Street, opposite the junction with Wooden Street, in an established residential area of Farnworth. Local shops, schools and community facilities are close by, with a wider range of retail, leisure and professional services available in Farnworth and Bolton town centres.

Transport links are a strong feature of this location. Farnworth and Moses Gate railway stations are both within easy reach, providing regular services on the Manchester to Preston line, operated by Northern. Road access is excellent, with the A575 and A666 nearby, along with the A6053 and Junction 4 of the M61 motorway, offering convenient routes to the M60, M62 and across Greater Manchester and the North West.

Farnworth Central Park is also within walking distance, adding to tenant appeal.

Additional Information
* Tenure: Leasehold
* Lease term: 972 years from 24 December 1889
* Ground rent: £2.45 per annum
* Total current rent: £14,400 per annum
* Utilities: Water, gas and electricity included within agreed fair usage allowances
* Council tax and personal bills payable by tenants


Viewings and Next Steps
This is a solid income producing investment in a well connected and consistently popular rental location. Properties of this type, with long leases and income in place, attract strong interest from investors.

Early inspection is advised to review the accommodation, tenancy arrangements and long term potential.


Disclaimer - Portfolio Properties believe all the particulars given to be accurate. They have not tested or inspected any equipment, apparatus, fixtures or fittings and cannot, therefore, offer any proof or confirmation as to their condition or fitness for purpose thereof.

The purchaser is advised to obtain the necessary verification from the solicitor or the surveyor. All measurements given are approximate and for guide purposes only and should not be relied upon as accurate for the purpose of buying fixtures, floor-coverings, etc. The buyer should satisfy him/herself of all measurements prior to purchase.

Before we can accept an offer for any property, we will need certain information from you which will enable us to qualify your offer. If you are making a cash offer which is not dependent upon the sale of another property, we will require proof of funds.

You should be advised that any approach to a bank, building society or solicitor before we have qualified your offer may result in legal or survey fees being lost. In addition, any delay may result in the property being offered to someone else.

ANTI-MONEY LAUNDERING REGULATIONS
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.

Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Portfolio Properties will not be held responsible for any failure to disclose any such defects.


Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that we will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars