Commercial Property
A modern industrial unit providing accommodation over ground, first and second floors with current rent passing of £31,200 per annum.
The property is of steel portal frame construction with solid concrete floors and modern attractive clad and brickwork elevation. The building fronts Knowsley Street, Woolley Street and Camberwell Street and benefits from designated car parking to the rear.
The ground floor benefits from a self-contained entrance, has been fitted to a high standard with glazed display frontage, carpeting, suspended ceilings and recessed lighting. It has also been sub-divided in part with demountable partitioning to provide showroom, storage display, office and ancillary areas.
The first and second floors are accessed separately off Knowsley Street. The property has electrically operated roller shutters front and rear and a dedicated loading area at the rear.
The unit is well positioned, fronting onto Knowsley Street just off the busy Derby Street at Cheetham Hill in the heart of the wholesale area. This is approximately 1 mile north from the city centre. The main A665 Cheetham Hill Road and A56 Bury New Road are close by. The area is popular with the wholesale fashion and cash and carry community. Public transport facilities include Manchester Victoria which is in close proximity.
The accommodation comprises
Ground Floor:
Sales Area 11.93m x 8.55m
Rear Storage Area 4.02m x 2.20m
With access to loading bay.
Held on a lease for a term of 2 years and 3-months from 1/11/2024 with rent passing of £12,000 p.a.
First Floor
Sales area 13.37m x 7.14m
Held on a lease for a term of 3 years from 1/4/2025 £9,600 p.a.
Second Floor:
Sales Area 8.67m x 12.74m
Let on a lease for a term of 5 years from 1/9/2024 (Next rent review due 1/9/2027) £9,600 p.a.
Interested parties are advised to inspect the legal pack for more information.
Leasehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 2.5% of the purchase price (subject to a minimum of £0 inc. VAT)
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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding 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.
