Manchester Road, Bury, BL9 9BD

£394,999

Guide price

  • Bedrooms: 5
View! Bid! Buy! For sale by Conditional Auction in the Hall of Fame Suite, Bolton Whites Hotel, University of Bolton Stadium, BL6 6SF on Wednesday 16th October 2019. Registration from 6.30pm, auction starts at 7pm. Reservation fee applies. For sale by Modern Method of Auction; Starting Bid Price £395,000 plus Reservation fee. GEORGE GRUNDY ESTATES & ELEGANT HOMES PRESENTS - LARGE VICTORIAN PERIOD RESIDENCE CONVERTED INTO 6 SELF CONTAINED FLATS. A unique opportunity to purchase a Victorian semi-detached residence located on the sought after Manchester Road in Bury. Set over four storeys with many of its original period features still intact. The property has been converted into 6 self-contained flats each with its own lounge, kitchen, bedroom and bathroom or shower room. The flats are currently tenanted generating an income of approximately £30,000 per annum subject to voids (Please ask for an up to date position). And will be sold with tenants. The location: Manchester Road is midway between Bury, Whitefield and Radcliffe, offering a great location for those looking for family accommodation with access to local amenities, schools and transport links. Within the area, there is St. Bernadette's Roman Catholic primary school, All Saints Church of England primary school, Bury college and Holy Christ College, all approximately 0.5 miles away. The metro link station in Bury is approximately 0.5 miles away, along with access to the M66 motorway at junction 18. This property is for sale by the North West Property Auction powered by iam-sold Ltd

BUYERS NOTE

This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 56 days to achieve exchange of contracts and completion from the date the buyer's solicitor is in receipt of the draft contracts. This means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5%+vat subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by the North West Property Auction powered by iam-sold Ltd.

RENTAL INCOMME

Flat 1 - £395.00

Flat 2 - £400.00

Flat 3 - £425.00

Flat 4 - £450.00

Flat 5 – Empty

Flat 6 - £425.00

THE LOCATION

The location: Manchester Road is midway between Bury, Whitefield and Radcliffe, offering a great location for those looking for family accommodation with access to local amenities, schools and transport links. Within the area, there is St. Bernadette's Roman Catholic primary school, All Saints Church of England primary school, Bury college and Holy Christ College, all approximately 0.5 miles away. The metro link station in Bury is approximately 0.5 miles away, along with access to the M66 motorway at junction 18. This property is for sale by the North West Property Auction powered by iam-sold Ltd

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George Grundy Estates Ltd

109 Market Street, Farnworth, Bolton

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