National Online Auction - 25th June 2024
Description
National Online Auction - 25th June 2024
Mixed Use Investment Property – Let to William Hill Plus Three Flats – Producing £44,600 pa
Mixed use commercial and residential investment property, briefly comprising a ground floor bookmakers occupied by William Hill together with three recently converted flats to the first floor (2 x 2 bed, 1x 1 bed)
The property is situated in a prominent position in the centre of Denton fronting Manchester Road close to the crossroad junction with Stockport Road, Ashton Road and Hyde Road.
The property is currently let as follows:-
3-5 Manchester Road - let to William Hill by way of a 20 year FRI lease from 2007 at a current rent of £14,000pa.
First Floor
Flat 1 (2 bed) AST - £950 pcm
Flat 2 (1 bed) AST - £625 pcm
Flat 3 (2 bed) AST - £975 pcm
Total rent - £44,600 pa
Note – the flats have not been inspected by Auction House.
Lease details will be provided within the legal pack.
Tenure: freehold
Title number: GM294191
Council Tax Band : A
Local Authority: Tameside
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: Flats 1, 2 & 3 EPC ratings all D. Retail unit – on order
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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