Mixed Use for auction in Manchester

Description

A three storey plus basement, Mixed Use property situated in popular location on the West side of Manchester.

The property offers a Commercial Shop Premises to the ground and basement floors along with two flats and a double garage to rear.

Offered part let / part vacant with an estimated rental value in excess of £25,000 per annum once fully let.

Ground Floor Shop - Vacant - Previously let at £600 pcm.

Studio Flat - Vacant from May 20th - Previously Let at £650 pcm.

Three Bedroom Duplex Flat - Let at £775 pcm.

Double Garage / Store - Estimated Value £150 pcm.

Accommodation

Shop Premises
Main Shop, Rear Office/Store, Toilet/Shower Room, Three Basement Areas

Studio Flat
Hall, Lounge/Bedroom, Kitchen, Shower Room.

Three Bed Duplex Flat
Hall, Kitchen, Bathroom, Three Bedrooms, Lounge.

Double Garage / Store 6.00m x 5.00m
Located to rear of premises.

Tenure

Leasehold

Occupancy

Part Let Part Vacant

Costs

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

General

Note
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Draft Sales Particulars
These sales details are awaiting vendor approval

Leasehold Information
Term, 474 years from 20 September 1897. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.