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Mixed Use
The property is located in a prominent position on Chorley Road, on the outskirts of Swinton Town Centre. Swinton is approximately six miles North West of Manchester City Centre, and the property is a mere five minute drive away from the M60 connecting the whole of Greater Manchester. The parade is 0.2 miles from Swinton Square Shopping Centre, which includes tenants such as Boots, Asda, Greggs and Costa. The immediate vicinity is mostly residential.
The property forms part of a mid terraced retail parade with two bedroom flat and is of brickwork construction under a pitched slate roof.
The property provides accommodation on the ground floor which is mainly open plan, including two beauty rooms with staff toilets and kitchen to the rear. The ground floor is let on a new five year lease at a rental of £10,800 per annum with rent-review at the end of the third year. The first floor two bedroom flat has separate access from the rear and has now been let on a one year AST at £750 per calendar month.
Ground floor 753 sq.ft. approx. First floor Flat Not Measured
Ground Floor - let on a new five year lease at £10,800 per annum on a full repairing and insuring lease. First Floor Flat - let on a new one year AST at £9,000 per annum. There is a rent-review at the end of the third year.
We have not been provided with leasehold information in the legal pack.
All mains services are available to the property including mains electricity, gas, water and drainage.
Value For more information relating to the Rateable Value go to www.voa.gov.uk. However, we understand the shop has a rateable value of £5,800. This means it is likely the tenant get full small business rate relief.
Cavity wall, as built, no insulation.
Mains Gas.
O2, EE, Three, Vodafone
TBC
Please be advised that, whilst our joint agent has conducted an inspection, 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.
Please be advised that key information regarding Sewerage arrangements and Parking arrangements is currently not available. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.
These sales details are awaiting vendor approval.
Leasehold. See legal pack.
840
Auction Details
The sale of this property will take place on the stated date by way of Timed Auction 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 auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers 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 Buyers 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.
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