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100 Lord Street, Leigh, WN7 1BY

Lot no: 63 Sold at Auction for £1,270,000
 

Guide Price £1,150,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Wednesday 30th September 2020

9.30am
Key Features
  • Mixed-use investment property
  • 8 retail units, 23 apartments
  • Currently producing £112,361.04 per annum
  • Estimated market rent approximately £153,500 per annum
  • EPC Rating: Commercial: C x 9, Residential: B x 1, C x 12, D x 8, E x 2
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Sold at Auction for £1,270,000

Mixed Use

Property Description:

Sale by way of LPA Receivers J Liddiment and P Greenhalgh. The property is well located to the edge of Leigh town centre at the junction of Lord Street and Brown Street North and sits within a mainly commercial location. Approximately 300 metres from the property is a large retail and leisure development that includes; Tesco Extra, Cineworld, Lidl, Frankie and Benny’s and Nandos.

Leigh town centre has a full bus services which includes direct links to Manchester City Centre. Rail connections are available via Atherton Railway Station located approximately 2¾ miles away.

The property comprises a three storey terraced, semi commercial investment property and is arranged as follows:

Ground Floor:

Unit 1E Brown Street North: 301 sq ft
Unit 1F Brown Street North 207 sq ft
Unit 1G Brown Street North 257 sq ft
Unit 1J Brown Street North 218 sq ft
Unit 1K Brown Street North 240 sq ft
Unit 1L Brown Street North 230 sq ft
100 & 100a Lord Street 685 sq ft
100b Lord Street 207 sq ft

Residential Accommodation:

Each apartment has an open plan lounge / kitchen and bathroom or shower. Apartments 3, 12 & 21 have two bedrooms, apartments 18 & 19 are Studios with the remainder having one bedroom.

First Floor:

Apartment 1: 495 sq ft
Apartment 2: 366 sq ft
Apartment 3: 529 sq ft
Apartment 4: 440 sq ft
Apartment 5: 432 st ft

Second Floor:

Apartment 6: 432 st ft
Apartment 7: 424 sq ft (estimated measurement)
Apartment 8: 326 sq ft
Apartment 9: 384 sq ft
Apartment 10: 381 sq ft
Apartment 11: 421 sq ft
Apartment 12: 537 sq ft
Apartment 13: 408 sq ft
Apartment 14: 302 sq ft
Apartment 15: 432 sq ft
Apartment 16: 407 sq ft
Apartment 17: 368 sq ft
Apartment 18: 167 sq ft
Apartment 19: 167 sq ft
Apartment 20: 307 sq ft
Apartment 21: 523 sq ft
Apartment 22: 331 sq ft
Apartment 23: 410 sq ft

Outside:

Small yard to rear with car parking.

Note:

The commercial tenancy agreements are structured on an Internal and Repairing basis with tenants responsible for all utilities and an additional service charge of £25pcm to cover upkeep and security of common areas. Please see legal pack.

Tenancy Agreements:

Please note the rental income has not been verified. We have relied upon rental information supplied by the Managing Agents but we have not had sight of occupational agreements.

Tenure:

Freehold.



Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneer’s fee apply:

• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT

The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve
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.