4 bed Flat For Sale £110,000
Herbert Street, Burnley, Lancashire, BB11

FOR SALE BY LIVE STREAM AUCTION ON TUESDAY 11TH JULY 2023 AT 12PM

*GUIDE PRICE £110,000+

This substantial property currently comprises 4 x 1 bedroom apartments and is fully let producing an annual income of £17,280. When based on the quoted guide price this equates to an impressive gross return of almost 16%! We have been advised that all the flats have their own gas and water meters.

Unfortunately Auction House have been unable to inspect the property internally and any interested parties should be aware that the internal photographs have been provided by the managing agent and were taken between June 2021 and April 2023.

The property is located to the South West of Burnley town centre and is less than half a mile from the local train station.

Lease Length - 999 years (less 10 days) from 30 December 1896
Ground Rent - £3.16s.8d as per register