2 Bedroom Mid Terrace Property, 137 Elliott Street, Tyldesley, M29 8FL

Overview

Hammer Price Homes are delighted to present for sale by online auction, this vacant & chain free, 2 bedroom property in Tyldesley town centre. Please note that the property sale also includes an additional parcel of garden / land to the rear, which offers potential to create off street parking.

Due to the condition, this auction is strictly open for cash buyers only.

This property, which was seemingly once used as a commercial building on the ground floor with living accommodation upstairs, briefly comprises: To the ground floor (commercial space) there are two reception rooms, a kitchen and utility. Upstairs are two bedrooms and a bathroom. There are also two large cellar rooms. (See floor plan for more information)

Outside there is a small yard and also an additional plot of land which is behind the property (over the cobbled alley) see the boundary plan photo for further information.

The property is in need of significant renovation throughout suiting those looking for a project with scope for reconfiguration / change of use, subject to planning consent. we believe that the property would likely be classed as a commercial premises. If you are looking to potentially change the use of the building, then enquiries should be made with the local council post completion.

Due to the general condition of the property, we feel that buyers will not be able to obtain lending on the property through a traditional mortgage and for this reason, open this auction for cash buyers only. There will be no return of the reservation fee should the buyer have to withdraw from the purchase citing issues around securing lending on the property or for reasons concerning the condition of the property including structural or other or for reasons around the uncertainty around the property being classed as commercial / residential.

The property is sold as seen.

To view this property please visit the Hammer Price Homes website, register as a buyer and book your place on an open day.

Location

The property is located in Tyldesley town centre which offers easy access to a large number of amenities. It is also very well placed for commuters, with access to the major road network close by, including the east lancs road and the M61. Manchester City centre can be reached in less than 30 minutes from here.

Special Conditions

Due to the general condition of the property, we feel that the property will be considered unsuitable for lending and for this reason open this auction for cash buyers only. There will be no return of the reservation fee should the buyer have to withdraw from the purchase citing issues around securing lending on the property or for reasons concerning the condition of the property including structural or other or for reasons around the uncertainty around the property being classed as commercial / residential.

Other Information

Tenure – Leasehold – 758 years remaining (999 years from 2^nd February 1782)

Ground Rent – £5.25 per annum

**Please note that the property is unregistered, the vendors solicitor holds the deeds. You can view the title documents that form part of the epitome of title, these are available for download from the Hammer Price Homes website

Auction Details

** Open for cash buyers only. 90 days to complete**

Please note that there is a Reservation fee (3% Inc. VAT) subject to a minimum of £3,000 Inc. VAT) payable by the buyer on winning the auction. The reservation fee does not constitute part of the sale price, this is the auctioneer’s fee and is to be paid over & above the sale price paid to the Vendor.

Auction ends – Thursday 18^th August 2022 at 1pm (subject to anti-sniping)

Bidding Window Opens – Tuesday 16^th August 2022 (Bidding will not be possible until this time)

Starting price – £36,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)

Viewings

Bidding is only permitted for those who have viewed. Please register as a buyer on the Hammer Price Homes website and book in for an open day.

We will continue to keep abreast of Government guidelines re Covid-19. This property is vacant which means we are comfortably able to conduct viewings whereby safe distancing is adhered to. Viewers must stick to their time precisely.

How to make an offer

Offers can only be made via the online auction in the form of a bid once the bidding window has opened. No offers will be accepted outside of the auction process.

Once a sale has been agreed (STC) and a price agreed then no further price negotiation will take place. This sale price is fixed at the winning auction price and the buyer honoured to pay it. Any subsequent attempt by the buyer to contact the vendor direct to renegotiate on price would hold the buyer in breach of our terms. Should the buyer withdraw then they may have to forfeit the reservation fee. Please read the buyer terms and FAQ’s on the site for more details.

This is a probate property and is sold as seen. The vendors / solicitor may not be able to answer the usual pre-contract questions