A pair of mid-terraced properties which have been converted to provide six studio flats that are fully let and producing a rental income of £28,236 per annum. The flats benefit from UPVC double glazing, electric heating and have recently receiving improved insulation via a government grant scheme. Each property also has a basement area for storage.

Location

The properties front the A56 Walmersley Road, close to the junction with New Vernon Street, approximately 1 mile north of Bury town centre.

Accommodation

114 Walmersley Road: Basement Ground Floor First Floor Second Floor	Storage Flat 1 - Kitchen, Living Room, Bedroom, Shower Room Flat 2 - Kitchen, Living-Bedroom, Shower Room Flat 3 - Kitchen, Living-Bedroom, Shower Room
116 Walmersley Road: Basement Ground Floor First Floor Second Floor	Storage Flat 4 - Kitchen, Living Room, Bedroom, Shower Room Flat 5 - Kitchen, Living-Bedroom, Shower Room Flat 6 - Kitchen, Living-Bedroom, Shower Room

Outside

There are raised grassed garden areas to the front and an enclosed yard to the rear which can provide parking for up to four vehicles.

Tenure

Unknown

Tenancy

The flats are let by way of Assured Shorthold Tenancy agreements at the following rents:

114 Walmersley Road
Flat 1 - £433.33 pcm (£5,200 per annum)
Flat 2 - £390.00 pcm (£4,680 per annum)
Flat 3 - £325.00 pcm (£3,900 per annum)

116 Walmersley Road
Flat 4 - £424.66 pcm (£5,096 per annum)
Flat 5 - £390.00 pcm (£4,680 per annum)
Flat 6 - £390.00 pcm (£4,680 per annum)

General

1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. Each of the flats is listed with a Council Tax assessment in Band A.

3. Energy Performance Certificate:

114 Walmersley Road
Flat 1 = D
Flat 2 = E
Flat 3 = C

116 Walmersley Road
Flat 4 = D
Flat 5 = C
Flat 6 = C

Addendum

The tenancy schedule has been updated with the combined rent now being £28,236 per annum, increased from £23,556 per annum.

The properties are held by way of two 999 year leases from 19 March 1921 and 24 December 1887.