Lot 5 - Wednesday 6th December 2023 -205-207 Ormskirk Road, Wigan, WN5 9DP

FOR SALE BY ONLINE AUCTION 6TH DECEMBER 2023:

Two substantial buildings on Ormskirk Road, Newtown, currently configured as 3 x 2 bedroom flats and 2 x 1 bedroom flats. A great development opportunity to either re-configure or renovate the existing flats to increase resale value and rental income. There is currently one flat tenanted on an AST at £340pcm. The property requires modernisation, following which could generate rental income circa £450pcm for 1-beds and £550pcm for 2-beds. This totals a potential rental income of circa £30,600 per annum. There is a carpark area to the rear, driveway/gardens to the side and a basement. This lends itself to further development subject to obtaining appropriate Planning. Please note that one of the upper floor flats has been partially renovated, just requiring finishing.

ACCOMMODATION
Basement: Approx.
Ground Floor Flat 1: Entrance, 2 x Bedrooms, Lounge, Kitchen, Bathroom.
Ground Floor Flat 2: Entrance, 2 x Bedrooms, Lounge, Kitchen, Bathroom
Ground Floor Flat 3: Entrance, 2 x Bedrooms, Lounge, Kitchen, Bathroom
First Floor Flat 4: Entrance, 1 bedroom, Lounge, Kitchen, Bathroom
First Floor Flat 5: Entrance, 1 bedroom, Lounge, Kitchen, Bathroom
Outside: Gardens, Carpark/Yard Area, Driveway

LOCATION
Located on the main A577 Ormskirk Road, close to Alexandra Park and just a mile away from Wigan Town Centre. The closest station is Pemberton, 0.8 miles away.

Tenure: Freehold

Council Tax: A

AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1500 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.