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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 £1074, and completion must take place within 20 business days, unless the Special Conditions of Sale state otherwise.
Live Streamed
Wednesday 30th September
Key Features

Substantial, part-tenanted, mixed-use investment property currently producing £143,632. per annum. Estimated market rent approximately £153,500 per annum.

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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 Method:

The auction for this property will take place as an “Auction Event” behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely- please see the below section on “Registration Process”.

The auction can be watched in real-time on the auction date on our home page: https://www.sdlauctions.co.uk/

The auction date applicable for the property is displayed on this page. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold.

You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.

When you place your bid, you are deemed to have agreed to SDL Auctions’ Buyers Terms (England & Wales).

Auction Type – Unconditional with Fixed Fee

If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.

Auction Fees

The following standard non-refundable fees apply:

  • Buyer’s Fee- payable on exchange of contracts. This is usually £1074 including VAT, subject to the Special Conditions of Sale. This fee does not contribute towards the purchase price of 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 Special Conditions carefully before bidding. Any additional fees are included at the seller’s discretion, not on the instruction of SDL Auctions, and will be in addition to any fees payable to us. SDL Auctions has limited control over the content of the Special Conditions of Sale.

Deposit

On exchange of contracts, you must pay a non-refundable deposit equal to 10% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.

Payment Method:

Applicable fees/deposit must be paid immediately after a winning bid has been placed. We do not accept payment by cash or cheque. Prior to the auction, we will email you to register your card details with our third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by one of our representatives to make payment. If we cannot make contact with you within 24 hours after the auction ends, we reserve the right to charge your card if you do not respond to this email.

Legal Pack

Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.

The legal pack can be viewed on this page, under the sub-heading “Legal Packs”. Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.

The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.

It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.

Special Conditions of Sale

The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property – they are not part of SDL Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.

Energy Performance Certificate

The EPC for this property can be viewed in full at the top of this page or in the legal pack.

Registration Process:

T To register to bid on the property, you must submit your remote bid here: https://www.sdlauctions.co.uk/remote-telephone-proxy-bidding/. There is also a link to register on the property details page, where you will also be able to find the lot number for the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut off, it cannot be guaranteed that your registration will be processed.

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.