New Wellington Street, Blackburn, BB2
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
3
- BATHROOMS
2
- SIZE
635 sq ft
59 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
TWO SELF CONTAINED FLATS, BOTH SOLD WITH TENANT IN SITU ACHIEVING APPROXIMATELY 12% RENTAL YIELD.
To be sold via online auction - powered by The Auction Group
Presenting an exceptional investment opportunity, this property comprises of two self-contained flats, both currently tenanted and generating a strong rental yield of approximately 12%. The first flat offers a well-proportioned one-bedroom layout, featuring a a living area, a fitted kitchen and bathroom. The second flat is arranged as a spacious two-bedroom flat, providing a living room, a fitted kitchen and bathroom. Each flat benefits from its own private entrance, ensuring a sense of independence and privacy for the occupants. The property is being sold with tenants in situ, offering immediate income for investors and eliminating the uncertainty of finding new occupants. The combined rental income delivers an attractive yield, making this property an ideal addition to any investment portfolio. The location is highly desirable, with local amenities, transport links, and schools all within easy reach, ensuring continued tenant demand. With its flexible configuration, strong rental returns, and secure tenancies already in place, this property represents a rare chance to acquire a ready-made investment with excellent potential for ongoing income and capital growth.
Auction Details
To be sold via Online Auction, via unconditional terms, completion strictly within 28 days
Bidding window opens - TBC
Auction Ends- TBC
Starting price - £72,000 (Reserve price is higher & unpublished)
Fees
All fees are payable by banks transfer only (we do not take card payments )
Buyers premium - Please note that there is a buyers premium of £6000inc vat that applies to this lot ( %including VAT ) payable by the buyer within 2 hours of winning the auction. The buyer's premium does not constitute part of the sale price, this is the auctioneer's fee and is to be paid over and above the sale price paid to the vendor.
Searches - searches have been ordered and will be made available for download from The Auction Groups website prior to bidding taking place.
Viewings
To view the property please visit The Auction Groups website - for viewing availability and to register your interest. It is highly recommended that you carry out any required due diligence prior to placing an offer on a property.
Kitchen
4.83m x 4.09m
Composite entrance door, UPVC double glazed window, electric radiator, range of panelled wall and base units with laminate surfaces, stainless steel sink with drainer and mixer tap, oven, extractor hood, plumbing for washing machine, space for fridge freezer, storage, smoke alarm and doors to WC, bedroom and reception room.
Reception Room
3.71m x 3.38m
UPVC double glazed window and electric fire.
Bedroom
3.43m x 2.29m
UPVC double glazed window, electric radiator and storage.
WC
2.52m x 2.13m
Dual flush WC, pedestal wash basin, wood panelled elevations and lino flooring.
- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- 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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Energy performance certificate - ask agent
New Wellington Street, Blackburn, BB2
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Notes
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Visit our security centre to find out moreDisclaimer - Property reference 03dc7d38-a21f-4b48-81aa-9e8a22622e86. 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 The Auction Group Limited, Auction. 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 The Auction Group Limited, Auction on 01254 963355.
*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.