Mixed Use
*** For Sale by LPA Receivers***
It is understood the property comprises a mid and an end of terrace two storey building arranged as a ground floor retail unit let on two leases to a single occupier with two self-contained first floor flats above.
It is understood the accommodation consists of -
Ground Floor Retail Unit with ancillary storage and WC extending approximately 1,165 sq.ft (originally two separate units, and still let via two separate leases, the ground floor is now occupied as an open plan retail unit).
FLAT 146A (First Floor) -
Living Room
Bedroom
Bathroom
Kitchen
FLAT 147A (First Floor) -
Living Room
Bedroom
Bedroom
Kitchen
Bathroom
We have been advised but have not had sight of any agreements. We understand the passing rents receivable are £16,000 per annum for the ground floor of No. 146, £18,000
per annum for the ground floor of No. 147.
It is understood, for the first floor flat at No. 146a and £8,400 per annum (£700 per calendar month) and for the first floor flat at No. 147a £7,500 per annum (£625 per calendar month). Therefore it is understood the aggregate rent receivable totals £49,900 per annum. We advise interested parties to inspect the legal pack and make all necessary independent enquiries in this respect prior to placing their bid, as this will be binding.
The property is situated on the corner of Manchester Road with return frontage onto
Corporation Street, around one mile from the town centre in an area of predominantly Victorian buildings used for a mixture.
The buyers fee on this lot will be 1% plus VAT of the sale price.
Neither the auctioneers nor the Receivers have inspected the property and the property is sold in its present state and condition [including any rubbish at the property] and subject to all third party interests. Any prospective buyer is invited to make its own inspections and surveys in relation to the property and accepts that no warranty whatsoever is given in respect of the property. All warranties, conditions, guarantees or representations express or implied, statutory or otherwise (including without limitation warranties and conditions as to title, quiet possession and description) in relation to the property are entirely excluded and no error, misstatement or omission in the particulars shall entitle any prospective buyer to any compensation, damages or repayment. The Receivers act as agents without personal liability. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Freehold. See legal pack.
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 (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.
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 £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
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.
