Lot 1 - 109 Spring Street, Wigan, Lancashire, WN1 3AX

  • Unconditional Online Auction Sale
  • Guide Price* : £100,000
  • Bedrooms: 4
  • Bathrooms: 1

A fully let four bedroom mid terrace HMO let to professional tenants producing £25,200 per annum.

Description

• Mid-terrace House
• 4 Bedroom 2 Bathroom Licenced HMO
• Recently refurbished and has been fully rewired with a new heating system installed
• Fully tenanted with rental income of £2,100 per month/ £25,200 per annum
• Benefits from a rear garden
• Representing a 25.2% yield on guide

Location

The property fronts Spring Street and is accessed from the north via Darlington Street East (A577). A range of shops and other local facilities can be found nearby including schools and a close proximity to Wigan town centre.

Transport links are provided by both Wigan North Western and Wigan Wallgate Rail stations.

Accommodation

Ground Floor
Bedroom
Communal Kitchen
Communal Reception Room
Cloakroom

First Floor
Three Bedrooms
Communal Bathroom with WC

HMO Compliance

HMO Compliance Documents:

- EICR
- Fire alarm test certificate
- Gas safety certificate
- Emergency lighting certificate

Tenancy Details

Fully let to professional tenants under a single AST starting from 2nd March 2025 for 6 months

Lease Start Date

12/05/1879

Lease Duration

999 years (853 years unexpired)

Vendors Solicitor
Shamila Mughal
01132279275

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Vendors Solicitor

Shamila Mughal
01132279275

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