COVID-19 – Important Auction Information
Postponed | Lot 35

124 & 124b, Stamford Street Central, Ashton under Lyne, Lancashire, OL6 6AD

Postponed

  • Commercial Property
  • Tenure: See legal pack

Call the team on 0161 925 3254 for more information

Auction Date

Tue 02/02/2021

Auction Time

14:00

Auction Venue

Live Stream

Tenanted Ground Floor & Basement Town Centre Hair Salon & Beauticians Producing £11,400pa/£950pcm

Tenanted Ground Floor & Basement Town Centre Hair Salon & Beauticians Producing £11,400pa/£950pcm. Adjacent to the former Lloyds Bank Building the property occupies a prominent position on one of the main arterial roads within Ashton under Lyne Town Centre. Comprising the Ground Floor & Basement, only, each floor is let separately to the same tenant for use as a Hair Salon and Beauticians with Training facilities and produces a total income of £11,400pa/£950pcm. Each floor is self contained and the Ground Floor benefits from a return frontage on to Stamford Arcade. Two new five year leases have been agreed to commence from 1st March 2021, see legal pack for further information, with an extensive fit out to commence in the New Year. With Pension Fund rules preventing the purchasing of residential properties this represents a great opportunity for an addition to a private fund particularly taking into account the length of the leases and the significant fit out investment by the tenant.

Tenure

See legal pack

Description & Tenancies

124 - Ground Floor

Comprising Reception/Showroom with return frontage and double doors to Stamford Arcade, Two Offices, Kitchen & WC. Currently Let at £6,600pa/£550pcm.

124b – Basement

Comprising Private Ground Floor Entrance leading down to, Large Open Plan Office, Directors Office, Staff Room/Kitchen, Separate Ladies & Gents WC’s and additional rear exit. Currently Let at £4,800pa/£400pcm.

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 Metropolitan Borough 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.