Kearsley Mount Precinct, Manchester Road, Kearsley, Bolton
Guide price £350,000

*Please note that the auction pack and further property information are available upon request through IamSold, our auction partner.*

An outstanding opportunity to acquire a substantial mixed-use investment comprising three ground floor commercial units and three spacious residential apartments, occupying a prominent position within Kearsley Mount Precinct, Manchester Road, BL4.

Unlike many apartments, all three residential flats are generous three-bedroom duplex properties arranged over two floors, providing substantially more accommodation than a typical single-level apartment and appealing to families and long-term tenants alike.

The investment currently provides an immediate income from two long-term residential tenants, both of whom are secured on fixed-term tenancy agreements until July 2029, offering buyers a reliable income stream from day one. Importantly, both residential apartments are let to established tenants on fixed-term tenancy agreements until July 2029, providing a secure and reliable income stream from day one. The current rents offer scope for future review in line with prevailing market levels at the appropriate time

Unit 10 – Vacant commercial unit.

Unit 12 – Spacious three-bedroom duplex apartment arranged over two floors, currently let at £700 PCM on a fixed-term tenancy until July 2029.

Unit 14 – Vacant commercial unit.

Unit 16 – Spacious three-bedroom duplex apartment arranged over two floors, currently let at £800 PCM on a fixed-term tenancy until July 2029.

Unit 18 – Vacant commercial unit.

Unit 20 – Vacant three-bedroom duplex apartment providing an excellent value-add opportunity. Following a programme of refurbishment, the apartment is considered capable of achieving a market rent in the region of £950 PCM

The property currently generates £1,500 PCM (£18,000 per annum) from the two occupied residential apartments.

Following refurbishment and letting of the vacant residential apartment, the estimated residential rental income could increase to approximately £2,850 PCM (£34,200 per annum) based on current market rental values.

Once the existing fixed-term tenancies end in July 2029, there is further potential to review the rents of the two occupied apartments to full market value, presenting an additional opportunity to enhance the overall investment return.

A key feature of this investment is its long-term asset management potential.

Subject to obtaining the necessary planning permission and all relevant consents, the three ground floor commercial units offer the opportunity to be converted into three self-contained one-bedroom apartments, similar to successful residential conversions already completed within the same development.

Based on current local rental evidence, these additional apartments could each achieve rental values in the region of £600 PCM, providing the potential for an additional £1,800 PCM (£21,600 per annum) of rental income.

This would provide an estimated total rental potential of approximately £4,650 PCM (£55,800 per annum), making this an exceptional opportunity for investors seeking both immediate income and significant future growth.

Mixed-use investment opportunity

Three commercial units

Three spacious three-bedroom duplex apartments

Residential accommodation arranged over two floors

Significantly larger than the average apartment

Two apartments let on fixed-term tenancies until July 2029

Established tenants in place until July 2029, with future rental growth potential

Vacant residential apartment offering refurbishment and value-add potential

Current rental income of £18,000 per annum

Estimated residential rental potential of £34,200 per annum

Potential conversion of commercial units into three one-bedroom apartments (subject to planning)

Estimated total rental potential of approximately £55,800 per annum

Kearsley Mount Precinct occupies a prominent position fronting Manchester Road (A666), offering excellent visibility and convenient access between Bolton and Manchester. The property benefits from a strong residential catchment, local amenities, excellent transport links and proven tenant demand.

 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.

AML Disclaimer

Please note it is a legal requirement that we require verified ID from purchasers before instructing a sale. Please also note we shall require proof of funds before we instruct the sale, together with your instructed solicitors.

Agents Note

Under Section 21 of the 1979 Estate Agents Act we must declare that the owner of this property is related to an employee of Harrisons Lettings and Management Ltd.

Agents Note.

We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Harrisons Lettings and Management Ltd.

IMPORTANT NOTE TO POTENTIAL PURCHASERS:

We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view.

POTENTIAL PURCHASERS:

Fixtures and fittings other than those mentioned are to be agreed with the seller.

BUYERS INFORMATION

To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Credas, which Harrisons Lettings and Management Ltd will send your AML check. There is a nominal charge of £30 including VAT for this (per person), payable direct to Harrisons Lettings and Management Ltd. Please note, we are unable to issue a memorandum of sale until the checks are complete.

REFERRAL FEES

We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Harrisons Lettings and Management Ltd.

Harrisons Lettings and Management are members of the property ombudsman redress scheme (membership no. T09665). All clients money is protected with Clients Money Protection (CMP). Harrisons Lettings and Management are members of ARLA Propertymark (membership no. M00006602)