5 bed Block of Apartments

Investment Opportunity: Back Church Street, Padiham Presenting a unique investment prospect, this substantial property at Back Church Street, Padiham, has been thoughtfully converted into three self-contained flats: Flat A: A spacious 2-bedroom apartment. Flat B: A comfortable 1-bedroom apartment. Flat C: Another well-proportioned 2-bedroom apartment. Each flat offers a distinct layout, catering to a variety of tenant needs. While the property requires improvement, it holds significant potential for enhancement. Once refurbished, it promises to deliver an excellent rental yield, making it an attractive addition to any investment portfolio. Key Features: Versatile Accommodation: A mix of one and two-bedroom units suitable for singles, couples, or small families. Prime Location: Situated in the heart of Padiham, close to local amenities, schools, and transport links. Investment Potential: Opportunity to increase property value and rental income through targeted renovations. This property is available for sale via auction through iamsold, the UK’s largest residential auction provider known for offering speed and security with a transparent process for all parties involved. Auctioneer comments This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.