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.
999 years from 1 January 2008. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Please be advised that 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.
These sales details are awaiting vendor approval.
Leasehold. 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 an 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 2.5% of the purchase price 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.
