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For Sale By Auction | 02:00 pm, 07 September 2017 | Lot 26

3 Hulme High Street, Hulme, MANCHESTER, Lancashire, M15 5JR

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Sold £98,000

  • Commercial Property
  • Tenure: To Be Confirmed In Legal Pack

Call the team on 0161 830 7477 for more information

Auction Date

Thu 07/09/2017

Auction Time

02:00 pm

Auction Venue

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

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Ground Floor Retail Investment Producing £8,400pax

Ground floor self contained retail unit currently let and trading as M&M Fonez (mobile phone and accessory shop). The property benefits from modern powder coated aluminium shop front and briefly comprises main retail area together with kitchen and WC facilities and the shop front is protected with electrically operated security roller-shutters. The property itself is situated beneath a modern apartment block. Not measured, however according to the Valuation Office Agency (VOA) the net internal floor area is 73.7 sq m (793 sq ft). We are informed that the property is currently occupied by way of a 15 year FRI lease from 1st April 2013 at a current rental of £700 pcm (£8,400 per annum exclusive), the lease incorporates 5 yearly rent reviews the next one due 1st March 2018. Understood to be held long leasehold for the residue of a 250 year lease less 13 days from 1996, the initial ground rent payable being £200 per annum subject to rent reviews every 10 years to RPI – To be confirmed in legal pack

Tenure

To Be Confirmed In Legal Pack

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Please contact Auction House North West Commercial on 0161 830 7477

Energy Efficiency Rating (EPC)

Current Rating B

Local Authority

Manchester City Council

Solicitors

Addleshaw Goddard, One St Peters Square, MANCHESTER M2 3DE, Ref: Jason Scott, Tel: 0161 934 6000

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 including VAT payable in addition to the Administration Charge

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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