HMO in BB1

Hermitage Street, Rishton, Blackburn, Lancashire, BB1 4ND

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Online auction

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • 5 Bedrooms
  • Excellent Rental Yield
  • House Of Multiple Occupancy
  • Close to local amenities

HMO in BB1

FOR SALE BY AUCTION: Terms and conditions apply.

Crown Estates and Letting Agents are delighted to offer for sale this 5 bedroom HMO property situated in Rishton.

The property briefly comprises of: 5 Rooms, kitchen, bathroom, separate W.C.

We have been advised that the property generates a rental income of £1,392,08 per month for all 5 rooms.


Please note we have not inspected this property.

Summary

  • Property Type: HMO
  • Tenure: Freehold
  • Parking: Allocated

Location

The subject property is located along Hermitage Street, Rishton which is the main road that goes through this area. It is roughly a 4 minute walk away from the shopping street and roughly 2 minutes walk away from the lovely river that coasts through Rishton.

Accommodation

Ground Floor

Kitchen
Dimensions: 4.2m x 4.2m
The kitchen comprises of: uPVC double glazed window, wall and base units, electric oven and hob, stainless steel sink with mixer tap and drainer, double radiator, plumbed for washing machine, ceiling light, grey wood effect lino to the floor.

Shower Room
Dimensions: 3.25m x2.7m
The shower room comprises of: uPVC double glazed windows x 2, hand wash basin, W.C, shower, ceiling light, chrome towel radiator, grey wood effect lino to the floor.

Separate W.C
Dimensions: 1.35m x1.0m
Comprises of: W.C, hand wash basin, ceiling light, grey effect lino to the floor.

First Floor

Room Two
Dimensions: 3.4m x 2.3
The room comprises of: Wooden fire door, ceiling light, double radiator, carpet to the floor.

Room Three
Dimensions: 3.65m x 2.3m
The room comprises of: Wooden fire door, ceiling light, double radiator, carpet to the floor.

Room Four
Dimensions: 3.35m x 2.0m
The room comprises of: uPVC double glazed window, wooden fire door, ceiling light point, double radiator, carpet to the floor.

Room Five
Dimensions: 4.3m x 1.8m
The room comprises of: uPVC double glazed window, wooden fire door, ceiling light, double radiator, carpet to the floor.

Lease Details

We are advised the property is let to a housing association, further details can be found in the legal pack.

Tenure

Leasehold. Title number; LA603764

Council Tax

Band A

EPC

Available upon request - Rating C

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

This property is being sold subject to unconditional reservation fee auction terms and conditions.

 

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

 

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

 

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable. 

 

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

 

More Information

For more information call our auction experts on 0191 206 9335 or email auction@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:  

My bid may be accepted by the seller at any time before the close of the auction.  It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack. 

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.  

Any amount payable at the close of the auction must be paid within 1 hour.   

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second. 

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation. 

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice. 

Minimum online bidding increments: 
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid 
£150,001 to £250,000 - £1,000 minimum bid 
​£250,001 to £750,000 - £2,500 minimum bid 
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions. 

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auction@pattinson.co.uk

 

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