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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
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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)
North West HMO Portfolio
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.
North West HMO Portfolio
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
Fully certified gas combi boiler
2 x Washrooms incorporating; toilet, washbasin, shower, heated towel rail & extractor fan.
Remote Nest heating control system
Wi-Fi
Double glazing throughout
Fully furnished throughout incorporating: double beds, bedside tables & wardrobes (available by separate negotiation)
Freehold title available
EPC Rating of 44(E)
Recently fully let (October 2018) and generating a gross rent of £32,164 per annum. Current tenancy schedule available on request:
Room Rent £ pcm Rent £ p.a.
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
* Rents are inclusive of water, gas, electric and broadband.
43 RAINHALL ROAD, BARNOLDSWICK, LANCASHIRE, BB18 6AB
North West HMO Portfolio
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
Fully certified gas combi boiler
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
Double glazing throughout
Fully furnished throughout incorporating: double beds, bedside tables & wardrobes (available by separate negotiation)
Held Long Leasehold for 999 years from 12 May 1874
EPC Rating of 52(E)
Recently fully let (October 2018) and generating a gross rent of £37,440 per annum. Current tenancy schedule available on request:
Room Rent £ pcm Rent £ p.a.
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
* Rents are inclusive of water, gas, electric and broadband.
99 BOLTON ROAD, WESTHOUGHTON BL5 3DY
North West HMO Portfolio
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
Fully certified gas combi boiler
2 x Washrooms incorporating; Toilet, washbasin, shower, heated towel rail and extractor fan
Nest remote heating control system
Wi-Fi
Double glazing throughout
Fully furnished throughout incorporating: double beds, bedside tables & wardrobes (available by separate negotiation)
Held Long Leasehold for 999 years from 25 December 1874
EPC Rating of 68(D)
Recently fully let (October 2018) and generating a gross rent of £18,000 per annum. Current tenancy schedule available on request:
Room Rent £ pcm Rent £ p.a.
1 £420 £5,040
2 £400 £4,800
3 £320 £3,840
4 £360 £4,320
TOTAL £1,500 £18,000
* Rents are inclusive of water, gas, electric and broadband.
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
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.