Property Details

Higher Market Street, Farnworth, BoltonAuction Guide Price £125,000

On MarketCardwells Bolton - 01204 381281CB00021150

Superb investment property
Vacant shop to ground floor
Tenanted flat with access to the rear
Flat has accom over 2 levels
Flat is rented at £675pcm
Shop could conservatively rent at £650pcm
Gas central heating boilers to both properties
Sold with no upward chain delays

Offered for sale via auction with BTG Eddisons on the 29th April as an investment opportunity is one building with two addresses and dual use with commercial usage to the ground floor and to the first floor is a self contained apartment with accommodation over two levels. Situated in the heart of Farnworth, the building is in a super location which is undergoing a great deal of improvement work locally and is in an area with a variety of businesses and residential usage, just a short walk away from farm with town centre of Farnworth and a short drive away from the motorway network via Saint Peters Way, Farnworth railway station is within easy reach which directly serves: Salford, Manchester, Bolton and beyond. At the time of writing the ground floor shop is vacant and was most recently used as a salon. Our expectancy is that the shop could comfortably rent for around £650 per Calendar a month, circa £7,800 per annum whilst we understand that the apartment upstairs is rented at £675 per calendar month (£8,100 per annum). Therefore should the shop be let for no more than our conservative estimate, there is clear potential for rental income of around £15,900 per annum. The shop is approximately 614 ft.² with an energy performance certificate rating of C and a rateable value of £5,400. With accommodation that briefly comprises; a 8.625 meter shop area with prominent shop frontage, WC/washroom, hallway/work area and kitchen and a storage area accessed from the rear yard. The flat is approximately 667 ft.² with an EPC rating of D. The accommodation briefly comprises: living room, Fitted kitchen, bathroom, bedroom and there is a staircase off the lounge into a loft room which currently houses a double bed. Externally there is a shared yard area to the rear and the apartment is accessed from an external stair staircase to the first floor. There is a walkthrough viewing video showing both the shop and the occupied flat to watch and then a viewing of the shop can be arranged by calling Cardwells Estate Agents Bolton in 01204381281, emailing; bolton@cardwells.co.uk or visiting www.cardwells.co.uk

Ground Floor
The ground floor of the building is a commercial premises which has most recently been used as a salon.
Main Shop Area28' 4'' x 13' 5'' (8.625m x 4.090m)
A prominent shop frontage with central entrance door and large shop windows to either side complete with external shutters, three radiators, previously this has been used as a salon and fixtures and fittings are in place accordingly, insect lighting, quality flooring.
WC/washroom8' 5'' x 3' 3'' (2.568m x 0.986m)
2 piece suite comprising wash basin and WC, extractor, matching flooring from the shop area.
Store and work area.11' 11'' x 7' 11'' (3.636m x 2.403m)
Measured at maximum points, radiator, matching flooring to the main shop area, this room opens up into the kitchen.
Kitchen7' 1'' x 7' 8'' (2.165m x 2.349m)
Wall mounted gas combination central heating boiler, stainless steel sink and drainer, work surfaces, radiator, matching flooring to the main shop area, door out onto the rear patio.
First Floor Apartment
First floor apartment is accessed from the rear of the building via an external staircase from the rear yard.
Living Room14' 8'' x 13' 6'' (4.475m x 4.114m)
UPVC window to the front, UPVC entrance door, radiator, carpeted floor, neutral decorations
Kitchen12' 1'' x 7' 10'' (3.674m x 2.384m)
Professionally fitted kitchen with an excellent range of matching: drawers, base and wall cabinets, stainless steel sink and drainer, oven/grill, electric hob with extractor over, radiator, door off to the bathroom.
Bathroom7' 4'' x 7' 10'' (2.238m x 2.383m)
A white three-piece bathroom suite comprising WC, pedestal wash hand basin and bath with electric shower, extractor, UPVC window, concealed main gas combination central heating boiler.
Bedroom13' 2'' x 13' 7'' (4.019m x 4.136m)
UPVC window to the front with Fitted blinds, radiator, neutral decorations, carpeted floor.
First floor loft room13' 5'' x 9' 1'' (4.091m x 2.762m)
Access from the staircase of the lounge, there is limited Head height, double glazed Velux window, neutral decorations, carpeted floor.
Bolton Council Tax
Cardwells Estate Agents Bolton premarketing research shows that the Bolton council tax band is A, at an approximate annual cost of £1511.
Conservation area.
Cardwells Estate Agents Bolton premarketing research indicates throat the property is not within a conservation area.
Flood Risk Information
Cardwells Estate Agents Bolton pre marketing research indicates that the property is set within an area regarded as having a “very low” risk of flooding.
Viewings
Viewing is highly recommended to appreciate all that is on offer, a personal viewing appointment can be arranged by calling Cardwells Estate Agents Bolton on 01204381281, emailing; bolton@cardwells.co.uk or visiting: www.Cardwells.co.uk. A walk through viewing video is available to watch in the first instance at your convenience.
Thinking of selling of letting a property in Bolton?
If you are thinking of selling or letting a property, perhaps Cardwells Estate Agents Bolton can be of assistance? We offer free property valuations, which in this ever-changing market may be particularly helpful as a starting point before advertising your property sale. Just call us (01204) 381281, email: bolton@cardwells.co.uk or visit: www.cardwells.co.uk and we will be pleased to make an appointment to meet you. It’s likely we have potential buyers already on file who we can contact as soon as the property is marketed with us.
Arranging a Mortgage?
Cardwells can introduce you to independent financial advisors who have access to the whole of the mortgage market. We would be pleased to be of assistance and if you would like us to help these are the contact details: Cardwells Estate Agents Bolton on (01204) 381281, emailing: bolton@cardwells.co.uk or visiting: www.Cardwells.co.uk
Disclaimer
This brochure and the property details are a representation of the property offered for sale or rent, as a guide only. Content must not be relied upon as fact and does not form any part of a contract. Measurements are approximate. No fixtures or fittings, heating system or appliances have been tested, nor are they warranted by Cardwells, or any staff member in any way as being functional or regulation compliant. Cardwells do not accept any liability for any loss that may be caused directly or indirectly by the information provided, all interested parties must rely on their own, their surveyor’s or solicitor’s findings. We advise all interested parties to check with the local planning office for details of any application or decisions that may be consequential to your decision to purchase or rent any property. Any floor plans provided should be used for illustrative purposes only. Any leasehold properties both for sale and to let, may be subject to leasehold covenants, if so further details will be available by request. All clients monies held in our Clients Account are overseen and monitored by Chartered Accountants. Cardwells are members of the property ombudsman redress scheme. All clients money is protected with Clients Money Protection (CMP). Cardwells Estate Agents Bolton, Cardwells Estate Agents Bury, Cardwells Lettings Agents Bolton and Cardwells Lettings Agents Bury are trading names of Fivegate ltd

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