23 Flats at Chorcliffe House, Hollinshead Street, Chorley, Lancashire, PR7 1EP
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- PROPERTY TYPE
Block of Apartments
- BEDROOMS
23
- BATHROOMS
23
- SIZE
Ask agent
Key features
- Portfolio of 23 one bedroom apartments
- Part Let (8 flats) let at £33.681.24 per annum
- Grade II Listed Building
- Off street parking - not allocated
- Potential ERV when fully Let £110,000 per annum (when all issues are resolved)
- Located in a Conservation Area
- Close to Chorley town centre
Description
As an auction property the details are subject to change. Please check our website for any updates or addendum entries.
Description
A portfolio of 23 flats which are all contained within a converted Grade II Listed Building comprising a total of 48 flats which are split across two blocks. The purchaser is buying the individual long leasehold interest for each flat and it is our understanding that whilst there is a management company there has been no sign of active management since the Receivers appointment and there is not full visibility on service charge. The communal areas are in a poor and tired condition and it is also noted that the condition of the individual flats is poor. There are currently 16 vacant flats with the remaining 7 Let at a combined income of £33,681.24 per annum.
The Seller would bring a Prospective Buyer's attention to the email dated 6 August 2024 and timed 5.10pm from Chorley Council with attachments. Please see copy correspondence in the Legal Pack. The Seller highlights that the due to the Emergency Prohibition Order that steps are being taken to bring the current tenancies to an end by service of Section 8 Ground 2 notices. They are not collecting rent and will return any rent received.
Following a scheme of refurbishment to the vacant flats and the resolution of issues in relation to the Prohibition Notice there is a potential for a total income of £110,000 per annum.
*Additional photographs are available upon request*
Location
Location
Chorcliffe House is located fronting Hollinshead Street and is situated within the St Laurence's Conservation Area. Chorley town centre is approximately a 5 minute walk away. The property is well located for amenities and transport links.
Accommodation
We have internally inspected 12 of the Flats and have assumed that the remaining 11 comprise the same accommodation. Interested parties should satisfy themselves in this regard:
Open Plan Kitchen/Living Room, Bedroom and Bathroom/W.C
Outside
Ample parking spaces - not allocated.
Tenure
Each flat is sold on a Long Leasehold basis for a term of 125 years from the 3rd October 2007. The service charge is £941.52 per annum per flat.
Tenancies
Ground Floor Flats:
16 - Let at £431.85pcm
17 - Vacant
18 - Let at £400pcm
19 - Vacant
20 - Vacant
21 - Vacant
22 - Let at £394.98pcm
23 - Vacant
24 - Let at £395pcm
25 - Vacant
26 - Vacant
First Floor Flats:
27 - Let at £394.98pcm
28 - Vacant
29 - Vacant
30 - Vacant
31 - Vacant
32 - Vacant
33 - Vacant
34 - Vacant
35 - Vacant
36 - Let at £394.98pcm
37 - Vacant
Second Floor Flats:
41 - Let at £394.98pcm
EPC
EPC Asset Rating Flats 17, 18, 21, 22, 28, 30, 31, 32, 33, 34, 35, 36 and 37 are all C. Flats 16, 19, 20, 23, 24, 25, 26, 29 and 41 are all D. Flat 27 is E.
Buyer's Administration Fee
There will be a Buyer's Administration Fee of £2,700 (inc VAT) payable upon exchange of contracts.
Additional Information
1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
Brochures
Assisted bidding formLegal DocumentsOnline Bidding- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
23 Flats at Chorcliffe House, Hollinshead Street, Chorley, Lancashire, PR7 1EP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Chorley Station0.3 miles
- Buckshaw Parkway1.7 miles
- Euxton Balshaw Lane Station2.0 miles
About the agent
Landwood Property Auctions, are the online auction experts - Delivering an innovative weekly online auction service across the UK and changing the landscape when it comes to property auctions. Sell Online with us to benefit from a global audience of potential bidders, the latest digital marketing techniques, plus our hands-on personal and professional service to create more competition, better sales rates and higher prices.
The company has always used computer and internet technology,
Industry affiliations
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Notes
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Visit our security centre to find out moreDisclaimer - Property reference 255282. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Landwood Group, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Landwood Group, Manchester on 0161 524 9187.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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