6 bed block of flats for sale

44 - 48 Bolton Street, Bury BL9

For sale via Pearson Ferrier Auctions starting Tuesday 14th July, bidding will be on the Pearson Ferrier website and you can register to bid now. A superb opportunity to purchase this substantial three storey mixed use building in Bury town centre, opposite the East Lancashire Railway. It currently comprises three shops to the ground floor, with an apartment to the first floor and commercial space on the first and second floors. Planning has been passed for the conversion of the first and second floors to create two x 2 bedroom apartments and two x 1 bedroom apartments. For details on the planning please visit the Bury Council planning portal under ref 72061. The current rental income is £40,200pa (breakdown below), however with the conversion of the upper floors this would massively increase the rental income. Viewings are available of the upstairs floors only. Buyers are advised to check the legal pack before bidding, this will be available on the Pearson Ferrier website via the bidding window on the property when available. Any changes to the details will be updated on the Pearson Ferrier website before the auction.

Additional Information

Tenure - Frreehold
Business Rates:
44 - £10,000pa

46 - £8,100pa

48 - £7,000pa

1st & 2nd Floors 46 - £19,250pa
Council Tax:
44a - Band A
EPC:
44 - B - 46
46 - C - 66
48 - C - 58

1st & 2nd floors 46 - C - 63
44A - E - 41/68

Current Rents:
44 - £10,000pa

46 - £12,000pa

48 - £10,400pa

44a - £7,800pa
Solicitor - David Rose, Dwyers

Auction Information

The auction is a traditional auction with exchange on the winning bid and completion taking place within 20 working days from the auction (unless stated otherwise in the legal pack).
Buyer's Fees - There is a buyer's premium charge of £2,500 + VAT or 2% of the purchase price (whichever is greater) and a buyer's administration fee of £500 + VAT. If there are any disbursements from the sellers side these will be detailed in the legal pack. Buyer's are advised to check the legal pack before bidding.

Every effort has been made to confirm the accuracy of the details including any defects with the vendor and their solicitor. Pearson Ferrier will not be held responsible for any failure to disclose any such defects. Any purchasers buying without viewing, or if not available carrying out a survey are doing so at their own risk and acknowledge that Pearson Ferrier will not be held responsible for any issues that may arise due to them being unintentionally missed from the advert.