COVID-19 – Important Auction Information
For Sale By Auction | 13:00, 18 March 2021 | Lot 37

823-825 Stockport Road, Levenshulme, Manchester, Greater Manchester, M19 3PN

Sold £770,000

  • Commercial Property
  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Thu 18/03/2021

Auction Time

13:00

Auction Venue

Online Auction Online Auction,

Substantial Part Tenanted Retail Property Currently Producing £36,800 pa With Vacant Upper Floors - Conversion & Development Potential (STP)

Description Substantial part two part three storey corner building briefly comprising two ground floor retail units with separately accessed vacant upper floors considered suitable for residential conversion subject to the necessary consents being obtained. To the rear is a car parking area exclusively for this property which again may be suitable for further development (STP) Location Prominently located fronting Stockport Road (A6) at the junction of Cromwell Grove in the centre of Levenshulme, close to Levenshulme train station and approximately 3 miles south of Manchester City Centre. Tenancy Information The property is let as follows:- 823 Stockport Road – “Cash Converters” let to franchisee (Ltd Co) – currently holding over under the terms of the previous lease (10 years from December 2010) paying £21,500 pa. 825 Stockport Road – “Isca Wines” 5 year lease until 31st July 2024 paying £10,500 pa increasing to £11,100 pa on 1st August 2021 until expiry. Land to r/o 823-825 Stockport Road – Let by way of licence to private individual until 30th June 2021 at £4,800 pa. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating E

Local Authority

Manchester City Council

Additional Fees

Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.

Referral Fees – We offer referred services via 3rd party suppliers which we believe you may benefit from in aiding the primary service we provide. You are under no obligation to use these services, and you should consider your options before accepting any third parties' terms and conditions for which we are not responsible. On some completed transactions they pay referral fees to ourselves. These fees average £300 inc VAT.

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