Mixed Use
We are delighted to offer to the market this outstanding detached mixed use property located in Radcliffe, Manchester. The Ground floor is currently a public house and can continue to be used as a pub, one bed studio flat to the ground floor and to the first floor there are seven studio apartments. The property is close to local amenities, and Bury Town Centre. This is a fabulous project and viewing is highly recommended.
Currently configured as follows:
The ground floor has a fully working public house, which is not affiliated to any brewery (free house) and could be continued to be used as a pub if required. The ground floor also has one studio flat to the rear. There is an additional two rooms, that were originally part of the pub currently unused. A small conservatory is access by French doors off this room.
The first floor is converted into seven studio apartments, all of which have ensuite and kitchen facilities. The current owner lets these studio apartments on a short-term basis, and the current tenants could be retained if required. Rent schedule can be provided upon request.
The second floor has had a partial renovation including new wiring, windows, bathrooms and kitchen. Currently it is a three-bedroom two bathroom apartment, which requires some finishing off such as cosmetics and flooring.
It has masses of potential to be developed into one bed flats or keeping the studio style of apartment another potential two/three could be added on the ground floor where the pub is.
We expect potential income to be if developed into six one/two beds and the penthouse to be approx. £4800 a month.
Freehold. Part let/part vacant.
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 Variable Fee (England and Wales).
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 fees apply:
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 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.
