Terraced House for auction in Carnforth

Description

A residential investment opportunity comprising a three bedroom mid terrace property currently let by way of an AST at £525pcm equivalent to £6,300 per annum. Internally the accommodation is arranged over three floors with a garage and utility on the lower ground floor, a kitchen and living room on the ground floor and three bedrooms and bathroom on the first floor. Pugh & Co have not inspected the property internally although we understand the property would benefit from refurbishment. Additionally there is potential scope to increase the rent in line with market values, possibly on completion of some improvement works.

The property fronts onto Lancaster Road with the garage and parking space being accessed from John Street via New Street. A variety of shops and supermarkets can be found locally whilst Carnforth Train Station is also just a short walk away.

Accommodation

First floor
Bedroom x 3, Bathroom

Ground floor
Kitchen, Living room

Lower ground floor
Garage, Utility room

Occupancy

Subject to a tenancy

General

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

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 27TH JANUARY AND CLOSES ON WEDNESDAY 28TH JANUARY.

3. Pugh & Co have not inspected the property internally and the accommodation details have been provided by the vendor.

4. Details of the Buyers Premium and any additional fees payable are contained within the legal documents.

Note
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Let to a long standing tenant at £525pcm. We believe there is scope to increase the rent in line with market values