Tenanted Shop & Flat – Currently Producing £7,956 pa – Fixed Increases
Not inspected by Auction House but understood to briefly comprise a ground floor retail unit, occupied as a florist together with first floor self-contained flat. Tenancies The shop is let by way of a 4 year lease to expire May 2025 at a current rent of £5,400 pa. The rent is due to increase in May 2022 to £5,700 pa and again in May 2024 to £5,940 pa. The flat is understood to be let by way of AST at £450 pcm, however the tenant is currently paying £213 pcm. Location Prominently located fronting Sale Lane (A577) at the junction of Hough Street close to the centre of Tyldesley. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.
Tenure
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating D
Local Authority
Wigan Metropolitan Borough Council
Solicitors
Priority Law Limited, Ref: Priority Law Limited, Tel: 01612077600
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
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.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.