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Kearsley Mount Precinct, Manchester Road, Kearsley, Bolton, Lancashire, BL4

PROPERTY TYPE

Flat

BEDROOMS

3

BATHROOMS

1

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

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Key features

  • Mixed-use investment opportunity
  • Three commercial units
  • Three spacious three-bedroom duplex apartments
  • Significantly larger than the average apartment
  • Two apartments let on fixed-term tenancies until July 2029
  • Established tenants in place until July 2029, with future rental growth potential
  • Vacant residential apartment offering refurbishment and value-add potential
  • Current rental income of £18,000 per annum
  • Estimated residential rental potential of £34,200 per annum
  • Potential conversion of commercial units into three one-bedroom apartments (subject to planning)

Description

*** FOR SALE BY MODERN METHOD OF AUCTION; STARTING BID PRICE £350,000 PLUS RESERVATION FEE. ***

*Please note that the auction pack and further property information are available upon request through IamSold, our auction partner.*

An outstanding opportunity to acquire a substantial mixed-use investment comprising three ground floor commercial units and three spacious residential apartments, occupying a prominent position within Kearsley Mount Precinct, Manchester Road, BL4.

Unlike many apartments, all three residential flats are generous three-bedroom duplex properties arranged over two floors, providing substantially more accommodation than a typical single-level apartment and appealing to families and long-term tenants alike.

The investment currently provides an immediate income from two long-term residential tenants, both of whom are secured on fixed-term tenancy agreements until July 2029, offering buyers a reliable income stream from day one. Importantly, both residential apartments are let to established tenants on fixed-term tenancy agreements until July 2029, providing a secure and reliable income stream from day one. The current rents offer scope for future review in line with prevailing market levels at the appropriate time

The investment is arranged as follows:

Unit 10 – Vacant commercial unit.
Unit 12 – Spacious three-bedroom duplex apartment arranged over two floors, currently let at £700 PCM on a fixed-term tenancy until July 2029.
Unit 14 – Vacant commercial unit.
Unit 16 – Spacious three-bedroom duplex apartment arranged over two floors, currently let at £800 PCM on a fixed-term tenancy until July 2029.
Unit 18 – Vacant commercial unit.
Unit 20 – Vacant three-bedroom duplex apartment providing an excellent value-add opportunity. Following a programme of refurbishment, the apartment is considered capable of achieving a market rent in the region of £950 PCM

Current & Future Income Potential
The property currently generates £1,500 PCM (£18,000 per annum) from the two occupied residential apartments.

Following refurbishment and letting of the vacant residential apartment, the estimated residential rental income could increase to approximately £2,850 PCM (£34,200 per annum) based on current market rental values.

Once the existing fixed-term tenancies end in July 2029, there is further potential to review the rents of the two occupied apartments to full market value, presenting an additional opportunity to enhance the overall investment return.

Outstanding Development Potential (Subject to Planning Permission)
A key feature of this investment is its long-term asset management potential.

Subject to obtaining the necessary planning permission and all relevant consents, the three ground floor commercial units offer the opportunity to be converted into three self-contained one-bedroom apartments, similar to successful residential conversions already completed within the same development.

Based on current local rental evidence, these additional apartments could each achieve rental values in the region of £600 PCM, providing the potential for an additional £1,800 PCM (£21,600 per annum) of rental income.

This would provide an estimated total rental potential of approximately £4,650 PCM (£55,800 per annum), making this an exceptional opportunity for investors seeking both immediate income and significant future growth.

PROPERTY FEATURES AND DETAILS:
Mixed-use investment opportunity
Three commercial units
Three spacious three-bedroom duplex apartments
Residential accommodation arranged over two floors
Significantly larger than the average apartment
Two apartments let on fixed-term tenancies until July 2029
Established tenants in place until July 2029, with future rental growth potential
Vacant residential apartment offering refurbishment and value-add potential
Current rental income of £18,000 per annum
Estimated residential rental potential of £34,200 per annum
Potential conversion of commercial units into three one-bedroom apartments (subject to planning)
Estimated total rental potential of approximately £55,800 per annum

PROPERTY LOCATION:
Kearsley Mount Precinct occupies a prominent position fronting Manchester Road (A666), offering excellent visibility and convenient access between Bolton and Manchester. The property benefits from a strong residential catchment, local amenities, excellent transport links and proven tenant demand.

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Auctioneer Comments This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.

 This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the `Reservation Period`). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £ 349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £ 6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £ 450.00. These services are optional.

AML Disclaimer
Please note it is a legal requirement that we require verified ID from purchasers before instructing a sale. Please also note we shall require proof of funds before we instruct the sale, together with your instructed solicitors.

Agents Note
Under Section 21 of the 1979 Estate Agents Act we must declare that the owner of this property is related to an employee of Harrisons Lettings and Management Ltd.

Agents Note.
We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Harrisons Lettings and Management Ltd.

IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view.

POTENTIAL PURCHASERS:
Fixtures and fittings other than those mentioned are to be agreed with the seller.

BUYERS INFORMATION
To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Credas, which Harrisons Lettings and Management Ltd will send your AML check. There is a nominal charge of £30 including VAT for this (per person), payable direct to Harrisons Lettings and Management Ltd. Please note, we are unable to issue a memorandum of sale until the checks are complete.

REFERRAL FEES
We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Harrisons Lettings and Management Ltd.

Harrisons Lettings and Management are members of the property ombudsman redress scheme (membership no. T09665). All clients money is protected with Clients Money Protection (CMP). Harrisons Lettings and Management are members of ARLA Propertymark (membership no. M00006602)
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Allocated
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Kearsley Mount Precinct, Manchester Road, Kearsley, Bolton, Lancashire, BL4

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Affordability

Monthly repayments£1,756
Property: £ 350,000
Deposit: £ 35,000
Interest rate: 5.33%
Term: 30 years
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About Harrisons Estate Agents, Bolton

The Harrisons Group 1-3 Newbrook Road Over Hulton Bolton BL5 1EL

Welcome to Harrisons Estate Agents, where passion meets innovation. We are a dedicated team of property enthusiasts who have come together to redefine excellence in the property market. Our journey began in 2014 with a vision to provide a service based on trust, reliability, and a friendly approach, and since then, we have been on an unwavering quest to make a meaningful impact in Bolton.

What started as a small initiative has now evolved into a thriving business and have become one of Bolton's best known estate agents.

In a crowded marketplace, what sets Harrisons Estate Agents apart is our unwavering commitment to providing the best service for our clients.

At Harrisons Estate Agents, we are not just about providing products or services; we are about forging lasting professional relationships, making a positive impact on our community, and leaving a legacy of excellence. We invite you to join us on this exciting journey and experience the difference of working with a company that truly cares.

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Disclaimer - Property reference HRR_HRR_LFSYCL_345_757461469. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Harrisons Estate Agents, Bolton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Harrisons Estate Agents, Bolton on 01202 145436.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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