North West HMO Portfolio€¦ · North West HMO Portfolio: An opportunity to purchase 3 HMO’s and 1 shared dwelling, all well-let and finished to a high specification Residential

North West HMO Portfolio:An opportunity to purchase 3 HMO’s and 1 shared dwelling, all well-let and finished to a high specification

Residential Investment Opportunity being sold on behalf of S. J. Hunt and A. C. Wright, Joint LPA Receivers

2

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DENBIGH

MOLD

BUCKLEY

CHESTER

WREXHAM

RHYLPRESTATYN

SHOTTON

ELLESMEREPORT

LIVERPOOL

RUNCORN

WARRINGTON

NORTHWICH

WINSFORD

WIDNES

WALLASEY

BIRKENHEAD

ST HELENS

CREWE

NANTWICH

WALESENGLAND

MANCHESTER

STOCKPORT

MACCLESFIELD

CONGLETON

STOKE-ON-TRENT

MANCHESTER

LIVERPOOLJOHN LENNON

HAWARDEN

SHEFFIELD

ROTHERHAM

CHESTERFIELD

MANSFIELD

WORKSOP RETFORD

GAINSBOROUGH

LINCOLN

LOUTH

SKEGNESS

MABLETHORPE

WIGAN

ORMSKIRKFORMBY

BOLTONROCHDALE

BURY

CHORLEYSOUTHPORT

LYTHAM ST. ANNE’SPRESTON

BLACKBURN

LEYLAND

RAWTENSTALL

ACCRINGTON

OLDHAM

ASHTON-UNDER-LYME

WILMSLOW

GLOSSOP

BUXTON

BRADFORD

HALIFAX

BLACKPOOL

CLITHEROE

COLNE

NELSON

BURNLEY

KEIGHLEY

HUDDERSFIELD

BRIGHOUSE DEWSBURY

BARNSLEY

BARNOLDSWICK

WESTHOUGHTON

WORSLEY

ALTRINCHAM

WAKEFIELD

LEEDS

YORK

HARROGATE

WETHERBY

CASTLEFORD

SELBY

GOOLE

MARKETWEIGHTON

BEVERLEY

KINGSTONUPON HULL

DRIFFIELD

SKIPTON

ILKLEY

RIPON

THIRSK

SETTLE

MALTON

BRIDLINGTON

DONCASTER

MEXBOROUGH

SCUNTHORPE

GRIMSBY

BARTON-UPON-HUMBER

WOODHALL SPA

MARKET RASEN

MORECOMBE

LANCASTER

BARROW-ON-FURNESS

ULVERSTON

MILLOM

North West HMO Portfolio

PORTFOLIO HIGHLIGHTS

3 licensed HMO’s* and 1 shared dwelling providing a total of 29 rooms

Fully furnished properties completed to an excellent standard

Fully let £144,064 gross rent

Wirelessly controlled Nest heating system

Actively managed by the original developer

Fully certified gas combi boilers with full gas safety record

Address Beds Bathrooms Gross RentFully Let

£ pcm

Gross Rent Fully Let

£ p.a.

1 1 Colne Road, Burnley, Lancashire, BB10 1LD 12 4 £4,705 £56,460

2 43 Rainhall Road, Barnoldswick, Lancashire, BB18 5DR 6 2 £2,680 £32,164

3 99 Bolton Road, Westhoughton, Bolton, BL5 3DY 7 2 £3,120 £37,440

4 102 Harriet Street, Worsley, Manchester, M28 3QA 4 1 £1,500 £18,000

Total 29 £12,005 £144,064

1 COLNE ROADBURNLEY

LANCASHIREBB10 1LD

43 RAINHALL ROAD BARNOLDSWICK

LANCASHIRE BB18 5DR

102 HARRIET STREET WORSLEY

MANCHESTER M28 3QA

99 BOLTON ROADWESTHOUGHTON

BOLTONBL5 3DY

2

1

43

*(A HMO Licence for 99 Bolton Road, Westhoughton has been applied for via the relevant Local Authority)


3

DESCRIPTIONAn attractive Victorian semi-detached property built in 1890 comprising lower ground, ground and 2 upper floors. The property has been re-configured to provide 12 bedrooms, shared kitchen, living area and 4 washroom facilities. The internal specification includes;

Contemporary fitted kitchen incorporating; 2x ceramic hobs, 2x extraction units, 2x electric fan ovens, 2x washer dryers & 2x freestanding fridge freezers

Fully certified gas combi boiler

4 x Washrooms incorporating; toilet, washbasin, shower, heated towel rail and extractor fan.

Remote Nest heating control system

Wi-Fi

Double glazing throughout

Fully furnished incorporating: double beds, bedside tables & wardrobes (available by separate negotiation)

Long Leasehold for 999 years from 2 June 1890

EPC Rating of 44(E)

Recently fully let (October 2018) and generating a gross rent of £56,460 per annum. Current tenancy schedule available on request:

1 COLNE ROAD, BURNLEY, BB10 1LD

Burnley is 21 miles north of Manchester and is served by Junction 9, 10 and 11 of the M65 Motorway which connects with the M6 to the west. Burnley has excellent rail links with 4 railway stations offering direct services to Preston, Manchester Victoria, Bolton, Leeds & York.

The property is located in an established residential location overlooking the Leeds & Liverpool Canal on Colne Road, within short walking distance of the town centre and associated amenities. Burnley General Hospital is just 1 mile from the property providing an excellent tenant employment base.

1 COLNE ROAD, BURNLEY, LANCASHIRE, BB10 1LD

Room Rent £ pcm Rent £ p.a.

1 £400 £4,800

2 £400 £4,800

3 £400 £4,800

4 £345 £4,140

5 £360 £4,320

6 £430 £5,160

7 £400 £4,800

8 £390 £4,680

9 £400 £4,800

10 £320 £3,840

11 £420 £5,040

12 £440 £5,280

TOTAL £4,705 £56,460

* Rents are inclusive of water, gas, electric and broadband.


4

DESCRIPTIONResidential terraced property re-configured to provided 6 individual rooms with 2x shared washrooms and a communal kitchen. The property is fully let with an internal specification as follows:

43 RAINHALL ROAD, BARNOLDSWICK, BB18 6AB

Barnoldswick is a town in Lancashire, situated a 15 minute drive north of the M65 which links with the M61 and M6 to the west. There are regular bus services available to Skipton, Manchester city centre and Padiham.

The property is situated within the heart of Barnoldswick, a town with a population of over 10,000 with a substantial employment base. Significant employers in the town include; Rolls Royce, Silent Night Group, ESSE Cookers and Stoves, Hope Technology & Carlson Filtration. Nearby town centre amenities include; Co-op Food, Barnoldswick Medical Centre and a Post Office.

Contemporary fitted kitchen incorporating; ceramic hob, extraction unit, electric fan oven, washer dryer & freestanding fridge freezer


2 x Washrooms incorporating; toilet, washbasin, shower, heated towel rail & extractor fan.

Remote Nest heating control system

Wi-Fi


Fully furnished throughout incorporating: double beds, bedside tables & wardrobes (available by separate negotiation)

Freehold title available

EPC Rating of 44(E)



1 £480 £5,760

2 £480 £5,760

3 £433 £5,200

4 £440 £5,280

5 £347 £4,164

6 £500 £6,000

TOTAL £2,680 £32,164


43 RAINHALL ROAD, BARNOLDSWICK, LANCASHIRE, BB18 6AB


5

DESCRIPTIONSemi-detached residential property reconfigured to provide 7 bedrooms with a shared kitchen and 2 communal washrooms. Internally, the property has been completed to an excellent standard with the specification including;

99 BOLTON ROAD, WESTHOUGHTON, BL5 3DY

Westhoughton is in the Metropolitan Borough of Bolton 4 miles southwest of Bolton town centre, 5 miles east of Wigan and 13 miles north west of Manchester. Central Drive bus stop is 100m from the property providing regular services to Wigan and Bolton which both service the national rail network. Westhoughton railway station is 10 minute walk from the property served by Northern between Southport and Manchester via Wigan Wallgate.

Significant employers within Westhoughton include; Stateside Foods, Hermes, Oakwood Distribution and Krones. Tenants can also access employment hubs of Wigan and Bolton with ease.

Westhoughton town centre amenities are 5-10-minute walk from the property on Market Street and include; Lloyds Bank, Co-op Food, Wetherspoons and The Post Office.

Contemporary fitted kitchen incorporating; ceramic hob, extraction unit, electric fan oven, washer dryer & fridge freezer


2 x Washrooms incorporating; toilet, washbasin, shower, heated towel rail & extractor fan

Two rooms comprise studio accommodation with en-suite washroom and cooking facilities

Nest remote heating control system

Wi-Fi



Held Long Leasehold for 999 years from 12 May 1874

EPC Rating of 52(E)



1 £420 £5,040

2 £300 £3,600

3 £400 £4,800

4 £580 £6,960

5 £540 £6,480

6 £460 £5,520

7 £420 £5,040

TOTAL £3,120 £37,440


99 BOLTON ROAD, WESTHOUGHTON BL5 3DY


6

DESCRIPTION

Terraced house reconfigured to provide 4 bedrooms with a shared bathroom and kitchen. Internally, the property provides the following specification:

102 HARRIET STREET, WORSLEY M28 3QA

Walkden links with the A6 to the north of East Lancashire Road (A580) which connects with M60 to the east and M6 to the west. Walkden railway station is situated to the south of the town centre providing services to Manchester and Wigan, from where there are connecting services to the Manchester Airport and the rest of the UK.

The property is situated in an established residential location circa 20m from Walkden town centre shopping centre providing an excellent range of amenities including; Tesco Extra, Aldi, M&S Foodhall, Total Fitness and Domino’s Pizza. Access to public transport is excellent given the proximity to the railway station and bus stops serving employment hubs including; Bolton, Manchester City Centre, Trafford Centre, Pendleton & Leigh.

Contemporary fitted kitchen incorporating; ceramic hob, chrome extraction unit, electric fan oven, washer dryer & freestanding fridge freezer


2 x Washrooms incorporating; Toilet, washbasin, shower, heated towel rail and extractor fan

Nest remote heating control system

Wi-Fi



Held Long Leasehold for 999 years from 25 December 1874

EPC Rating of 68(D)



1 £420 £5,040

2 £400 £4,800

3 £320 £3,840

4 £360 £4,320

TOTAL £1,500 £18,000


102 HARRIET STREET, WORSLEY, MANCHESTER, M28 3QA

© Crown Copyright 2019. All rights reserved. Promap licence number 100020449. Jones Lang LaSalle licence number 100017659. This plan is published for the convenience of identification only and although believed to be correct is not guaranteed and it does not form any part of any contract.

Disclaimer - JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:-a. the particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract; b. all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise; c. no person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property; d. Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken. For properties in Scotland: e. This correspondence is expressly subject to completion of formal legal missives in accordance with Scots Law Copyright © Jones Lang LaSalle IP Inc. February 2019. All rights reserved.

CONTACTS

GEORGE OAKEY

07525 160 004

[email protected]

Residential Investment Opportunity being sold on behalf of S. J. Hunt and A. C. Wright Joint LPA Receivers

North West HMO Portfolio:An opportunity to purchase 3 HMO’s and 1 shared dwelling, all well-let and finished to a high specification

VAT

We are informed by the Receiver’s that the properties are not elected for VAT.

VIEWINGS & OFFERS

Please enquire with the sole agent for details regarding viewing dates and bid requirements.

ADDITIONAL INFORMATION

Additional information is available via a dataroom, access can be arranged via the sole agent.

METHOD OF SALE

The properties are for sale by way of Private Treaty; however, we reserve the right to conclude the marketing by way of an Informal Tender process.

PROPOSAL

Offers are invited in excess of £1,200,000 subject to all existing tenancies, subject to contract.

Documents

North West HMO Portfolio€¦ · North West HMO Portfolio: An opportunity to purchase 3 HMO’s and 1 shared dwelling, all well-let and finished to a high specification Residential