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

1051 Oldham Road & Flats 1-3, 3 Dixon Street, Newton Heath, Manchester, Greater Manchester, M40 2EH

*Guide | £300,000 (plus fees)

  • 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,

Convenience Store & Residential Investment – Currently Producing £30,000 pa

Substantial Two storey former bank building which has been recently reconfigured and converted to now comprise a ground floor and basement retail unit trading as a convenience store together with 3 self contained flats (2x 2 bed, 1x 1 bed) on the first floor, all accessed from Dixon Street. The ground floor is currently undergoing shop fit out works. The flats have been recently refurbished and benefit from fitted kitchen and bathrooms, part double glazing and central heating. Tenancies The property is currently let as follows: Ground Floor & Basement – Convenience Store, new 20 year lease from February 2021 at £12,000 pa incorporating 5 yearly upwards only rent reviews. Flat 1 (2 bed) AST £500 pcm Flat 2 (2 bed) AST £550 pcm Flat 3 (1 bed) AST £450 pcm Total Rental Income £30,000 pa Please refer to legal pack fro copies of the leases / agreements. Location Prominently situated at the corner of Oldham Road (A62) and Dixon Street close the junction with Dean Lane / Old Church Street in the Newton Heath district approximately 2.5 miles to the north east of Manchester City Centre. 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 - 2% 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.