Chartered Surveyors, Property Consultants, Valuers & Estate Agents Peter E Gilkes & Company

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Peter E Gilkes & Company

44 Market Street
Chorley
Lancashire
PR7 2SE

T 01257 266999
F 01257 264256

E Office/Enquiries

www.peteregilkes.co.uk

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FOR SALE R0621 - 44 School Lane, Bamber Bridge, Preston, PR5 6QD


PRICE
£165,000
UNDER OFFER

INVESTMENT PROPERTY

House in multiple occupation with majority of Tenants long term

Lucrative income of £28,080 per annum

Convenient and keenly sought after location

 

Description

A substantial and deceptively spacious mid-terrace house which extends over the adjoining shop and back to flank the side roads to provide seven bedrooms and small studio flat plus workshop suitable for conversion into additional apartment. It is established as a house in multiple occupation and for which there is always a strong demand for rooms as and when they become available from members of the working population employed by the many companies located in the surrounding area.

Location

Proceeding south through Bamber Bridge turn left by the Pear Tree Hotel into School Lane and the property is then on the right.

Accommodation

All sizes are approx

All rooms have radiators served by gas fired central heating boiler.

The accommodation briefly comprises:-

Ground Floor

Entrance Hall
0 m x 0 m (0'0 x 0'0)
Enter description

Communal Lounge
0.0m x 0.0m 13’4 x 12’
With central heating radiator leading through to

Shared Kitchen
Containing electric stove with hood above, additional hob with extractor hood, fitted cupboards and worktops, wall cupboards and two stainless steel sink units.

First Floor

Seven Bedrooms

Bathroom
With panel bath, WC and wash basin, heated towel rail.

Shower Room
With shower cubicle, WC and wash basin, heated towel rail.

Outside

Rear garden and driveway providing car parking space and giving access to

Studio Flat

comprising

Lounge, Kitchen, Shower Room

Workshop
Comprising Store leading to

Two First Floor Rooms
Providing potential for conversion into small apartment.

Occupation

The house is fully occupied with Tenants on minimum of six month Tenancy Agreements.

Rents which include gas, electricity, community charge, etc. are as follows

Room

Weekly

PCM

Annual

1

£50

£216

£2600

2

£65

£281

£3380

3

£60

£260

£3120

4

£75

£325

£3900

5

£60

£260

£3120

6

£75

£325

£3900

7

£70

£303

£3640

Studio

£85

£368

£4420

Total

£540

£2340

£28,080

Tenure

It is understood that the site is Leasehold for the residue of a 999 year term from 1988 and subject to a nominal Ground Rent of £5 per annum. Definitive details should be confirmed by your Legal Adviser(s).

Assessment

From electronic enquiries made to the Local Authority it is understood that the property has been placed in Band A for Council Tax purposes with rates payable of £1023 approximately

Services

Mains gas, electricity and water supplies are laid on, drainage to the main sewer.

To View

Strictly by appointment with Peter E Gilkes & Company and with whom all negotiations should be conducted.

Note

All services throughout the property are untested. Interested parties must satisfy themselves as to the condition of the central heating system, fitted fires, and other appliances and fittings where applicable.