End of terrace house
Substantial mixed-use investment property generating an income of £24,600 per annum, with excellent potential for further development (subject to planning).
The property occupies a prominent corner plot within a popular local retail parade, surrounded by a well-established and highly desirable residential area. Currently fully let, the property provides an immediate high-yielding income while also offering scope for future enhancement and value-add opportunities.
Chorlton is one of Manchesters most sought-after suburbs, renowned for it’s vibrant community and excellent lifestyle amenities. The property is well-served by an array of independent shops, restaurants, bars and cafes. Leisure facilities and attractions include Hough End Playing Fields and Chorlton Meadows.
Manchester City Centre lies just 3 miles to the north and is easily accessible by Metrolink, bus and car, making it a prime investment opportunity with strong long-term prospects.
Ground Floor:
Retail premises let on a five year commercial lease at £10,800 per annum.
Entrance: uPVC double glazed entrance door with double display windows.
Reception: 4.1m x 2m
Room 1: 3.9m x 2.8m
Room 2: 3.9m x 2.8m
Vestibule with understairs cupboard.
Room 3: 4.1m x 3.9m
WC.
Kitchen: 4m x 2.7m
Outside: Shared enclosed yard to rear.
Use Class: E.
First Floor:
Two bedroom flat let on an AST at £13,800 per annum.
Hallway
Double bedroom
Lounge
Double bedroom
Kitchen.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
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.
