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For Sale By Auction | 02:00 pm, 13 July 2017 | Lot 41

31-37 Lord Street & 43 Church Street, FLEETWOOD, Lancashire, FY7 6DU

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Withdrawn After

  • Commercial Property
  • 3 Bedrooms
  • Tenure: To be Confirmed in Legal Pack

Call the team on 0161 830 7477 for more information

Auction Date

Thu 13/07/2017

Auction Time

02:00 pm

Auction Venue

Macron Stadium, Platinum Suite, De Havilland Way, Bolton, BL6 6SF

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Retail & Residential Investment (3 retail units, 3 flats) Currently prod. £26,900pa. ERV when fully let £31,400pa

Substantial two storey detached corner building situated in Fleetwood town centre, briefly provides three self contained ground floor retail units, together with three self contained one-bed flats. The property is currently tenanted and producing an income of £26,900 pa with one ground floor retail unit vacant, which, when let would increase the income to £31,400 pa. Brief summary of the tenancies is as follows (further details available in the legal pack): All the flat are separately metered and fitted with gas fired central heating. The sale is to be transacted as a TOGC (Trading Of Going Concern) allowing the sale to be transferred without VAT being charged, provided certain criteria are met. Purchasers are advised to make their own enquiries prior to the auction.

Tenure

To be Confirmed in Legal Pack

Ground Floor

31 Lord Street - let to hairdressers by way of a 6 yr FRI lease to expire 25.03.2022 at a current passing rental of £5,500 pax 33 Lord Street - currently vacant and marketed at a rental of £4,500 pax 35/37 Lord Street - fabric shop, tenanted by way of a3 yr FRI lease to expire 14.05.19 at a rental of £10,000 pax

First Floor:

Flat 1 - 1 bed flat let to YMCA until 24.04.2020 - rental of £2,760 Flat 2 - 1 bed flat let to private individual - rental £4,320 Flat 3 - 1 bed flat let to private individual - rental £4,320

Viewing

Please contact Auction House North West Commercial on 0161 830 7477

Energy Efficiency Rating (EPC)

Current Rating D, C, F, D, D, E

Local Authority

Wyre Council

Solicitors

HRC Law LLP, Acresfield, 8-10 Exchange Street, MANCHESTER M2 7HA, Ref: Helen Marsh, Tel: 0161 358 0544

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.

Additional Fees

Buyer's Premium - £900.00 including VAT payable in addition to the Administration Fee

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

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Residential

311 Garstang Road, Fulwood, Preston, PR2 9XJ

01772 772450

northwest@auctionhouse.co.uk

Commercial

Century Buildings, 14 St Mary's Parsonage, Manchester, M3 2DF

0161 830 7477

nwcommercial@auctionhouse.co.uk

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*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information

Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.

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