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Apartments 1-11 Beulah Methodist Church, 374 New Line, Bacup, OL13 9RY

  • Auction
  • Lot 14
  • United Kingdom
  • Apt Block
  • Residential

*GUIDE PRICE £450,000

Property Summary

  • An unbroken apartment block.
  • Comprising 11 x long leasehold self-contained apartments.
  • Arranged to provided 4 x one beds, 4 x two beds, & 3 x three bedroom apartments.
  • Fully let under 11 x Assured Shorthold Tenancies (ASTs).
  • Total current gross rents reserved £56,100 p.a.

Contact Us

Jeremy Lamb
Jeremy Lamb
Property Agent, here to help.
Chris Ledgerwood
Vendor's Solicitor

Contact Us

Jeremy Lamb
Jeremy Lamb
Property Agent, here to help.
Chris Ledgerwood
Vendor's Solicitor

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Description

The property is arranged over ground and two upper floors to provide a detached former church that has been converted into 11 x self-contained modern apartments. The property further benefits from 11 x car parking spaces.

Location

  • Introduction: A town in Lancashire, close to Lancashires boundary with West Yorkshire.
  • Population: 13,323 (2011 Census).
  • Situated: Burnley - 8 miles north, Rochdale - 7 miles south.
  • Roads: A671, A6066.

Tenure

11 x long leases each held for a term of 125 years from 01/01/2010 at a ground rent of £175 per annum (rising).

Property Table

Unit Accomodation Terms of Tenancy Current Rent Reserved
1
 One bedroom apartment
Let on a 6 month AST from 07/08/2017
£4,200
2
 One bedroom apartment
Let on a 12 month AST from 05/06/2017
£4,260
3
Two bedroom apartment
Let on a 12 month AST from 03/11/2018 £5,400
4
Two bedroom apartment
Let on a 12 month AST from 12/03/2018 £5,520
5
 One bedroom apartment
Let on a 22 month AST from 22/04/2018 £4,320
6
 One bedroom apartment
Let on a 5 month + 28 days AST from 31/08/2017 £4,440
7
Two bedroom apartment
Let on a 12 month AST from 22/11/2017 £4,800
8
Two bedroom apartment
Let on a 12 month AST from 24/07/2016 £5,040
9
Three bedroom apartment
Let on a 12 month AST from 24/07/2018 £5,400
10
Three bedroom apartment
Let on a 12 month AST from 01/05/2018 £5,520
11
Three bedroom apartment
Let on a 12 month AST from 14/04/2018 £7,200
    Total £56,100 p.a. 


NB: The property was not internally inspected by BidX1

VAT

We are informed that VAT is applicable to a portion of the upper floors, please refer to the legal documents for further information.

Helpful links

*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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