COVID-19 – Important Auction Information
For Sale By Auction | 2.00pm, 01 September 2020 | Lot 5

66 Penny Meadow, Ashton under Lyne , Lancashire, OL6 6EL

Sold £48,000

  • Property For Sale
  • Tenure: See legal pack

Call the team on 0161 925 3254 for more information

Auction Date

Tue 01/09/2020

Auction Time

2.00pm

Auction Venue

Live Stream

Freehold Ground Floor Retail Investment Producing £4,835pa

Freehold Ground Floor Retail Investment Producing £4,835pa. The sale includes the Freehold of the entire property and benefits from an income of £4,800pa/£400pcm from the Ground Floor and £35pa from the Long Leasehold interest in the First Floor. The Tenanted area briefly comprises, Shop, Kitchen, WC and Basement. To the rear is an enclosed yard. This is an ideal “starter” investment for someone looking to build a portfolio offering an excellent return as well as being a perfect addition to an existing portfolio. Being one of the main arterial roads into Ashton under Lyne has ensured a continuing strong demand for retail premises in this area.

Tenure

See legal pack

Description & Tenancies

Ground Floor

Shop Kitchen WC

Basement

Currently Tenanted at £4,800pa/£400pcm

First Floor

Long Leasehold Producing £35pa.

Outside

Included with the shop is an enclosed Yard.

Energy Efficiency Rating (EPC)

Current Rating TBC

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Tameside Council

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of 0.9% inc VAT, subject to a minimum of £1200 inc VAT.

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