Mixed Use Investment Property – Fully Let & Producing £27,180 pa – Three Flats & Retail Unit
Deceptively large mixed use property which has been recently refurbished and reconfigured to now form a ground floor self contained retail unit plus 3 x self contained flats (accessed from the rear). The refurbishment includes the following:- • Gas central heating in each flat • New fitted kitchen • New bathrooms • New electrics • Double glazing • Carpets and decoration In addition there is a single storey single car garage to the rear. Tenancies The property is fully let as follows:- Retail Unit – let as Patisserie / Cake Shop – until March 2022 at £7,500 pax 46a – Ground Floor 1 bed flat - £550 pcm 46b – 1st Floor 2 bed flat - £595 pcm 46c – 2nd Floor 1 bed flat - £495 pcm Total Rental Income £27,180 pa Please refer to the legal pack for agreements. The 1 bed flats briefly comprise lounge, bedroom, kitchen and bathroom/showeroom. The 2 bed flat – lounge, bathroom, kitchen and two bedrooms. Location Situated in the centre of Radcliffe convenient for all amenities. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating C - Shop D - Flats
Bury Metropolitan Borough Council
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.