National Online Auction - 25th June 2024
Description
National Online Auction - 25th June 2024
Tenanted Two Storey Retail Unit Currently Producing £10,800 pa increasing to £18,000 pa in October 2024
End terrace two storey retail unit currently let to a single occupier.
Situated within a small parade of shops with lay-by parking to the front, on a busy main road in the centre of Urmston.
We have not inspected the property but are advised that it briefly comprises:
Ground floor retail zones A & B, office space, staff WC.
First floor: office space and staff WC.
The shop is currently let to a limited company with guarantor by way of a 10 year lease from 12/10/2023 with rent of £900 PCM (£10,800 pa) up until 11/10/2024 rising to £18,000 per annum from 12/10/2024 to be paid quarterly in advance. We are advised that the current tenants have spent around £50,000 refurbishing the property.
It is considered that the first floor could be converted to residential accommodation if it became vacant (STP).
Tenure: freehold
Title number: GM895482 (to be split from)
Council Tax Band : n/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
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)
Call the team on 01772 772450 for more information
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