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Studio flat for sale
Bradshawgate, Bolton, Greater Manchester, BL1
£3,000
Bradshawgate, Bolton, Greater Manchester, BL1
£3,000
Our Summary
- ** For Sale By Online Auction** We are pleased to present a modern studio apartment which is ideal for student living, positioned within Bolton town centre, close to an abundance of shops, amenities, bars and restaurants as well as great transport links nearby
- 80 per annum **Please note that the images that are being used are stock images and the property itself may differ** Traditional Terms & Conditions - This property is for sale via Online Auction
- This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform
- The auction will run for 3 hours on a set date and time chosen by the vendor of the property
- The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount
- Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3
- The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives
- Properties may be sold prior to public auction if an offer is accepted by the vendors
- **Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction
- **Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction, then the property will not be sold
Description
This modern studio apartment is located in Bolton town centre, within walking distance to shops, amenities, bars, and restaurants, as well as great transport links. The property is a great buy-to-let investment opportunity, with a tenant currently in situ paying £135 per week for 51 weeks of the year, totaling £6885 per annum. The lease has 239 years remaining, and the ground rent and service charge are £362.43 and £4474.80 per annum, respectively. The property is being sold via online auction, with a 10% deposit required upon exchange and a non-refundable reservation fee of 3.6% of the winning bid, in addition to the purchase price. The auction will run for three hours on a set date and time, and bidders are advised to review the legal documents and seek legal advice before participating.