National Online Auction - 25th June 2024
Description
National Online Auction - 25th June 2024
Hot food takeaway with self-contained flat over – fully let producing £26,100pa increasing to £27,300 pa (Oct 24)
Two storey mid terrace property briefly comprising ground floor hot food takeaway with first floor two bed self-contained flat.
Situated on a busy main road in Sale located in a parade of shops with parking to front.
We have not inspected the property internally but are advised that it comprises:
Retail unit.
Retail Zone A, Retail Zone B, kitchen, internal storage and staff toilets
First Floor: internal storage rooms, kitchen, staff toilets.
Internal area circa 115 SQ M
RV £10,000 PA
First Floor: Flat assumed living room, kitchen, two bedrooms, bathroom. 68 SQM (Source EPC)
The retail unit is let to a limited company with guarantor from 8/11/2023 until 31/10/2033 current rent payable up to 31/10/2024 is £1,250 pcm (£15,000 pa). The rent is to increase to £1,350 pcm / £16,200 pa on 31/10/2024. The lease also incorporates a rent review on 30/10/2025 and a landlord break clause on 30/10/2028.
A deposit of £2,700 was paid.
The flat is leased on a 12-month AST from 6/05/2024 paying £925 PCM (£11,100 pa)
The total rental income is currently £26,100 pa rising to £27,300 on 31/10/2024.
Tenure: freehold
Title number: MAN209017 (to be split from)
Council Tax Band : deleted (prev A)
Local Authority: Trafford
Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip
IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.
Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.
Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
Tenure: Freehold
EPC Rating: Shop: D - Flat: C
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
Administration Charge - 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.
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- Unconditional (Immediate Exchange)
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