Mixed Use Investment Property – Fully Let Producing £28,330 pa

Description Substantial mixed use investment property, briefly comprising two retail/commercial units fronting Bolton Road, together with a one-bedroom duplex flat/house and rear lock up storage unit. No VAT payable. Tenancies 158 Bolton Road - mid terraced two storey property let out to a private individual (Barbers) by way of a 5 year business lease from 1st March 2022 at a rent of £9,600 per annum payable monthly in advance. In addition, the tenant is liable to reimburse the landlord the cost of insuring the building to full reinstatement value annually on demand. 160 Bolton Road - end terraced two storey property let out to That Burger Place Ltd with a guarantor by way of a 3 year business lease which commenced on 1st July 2020 at a current rent of £9,600 per annum payable quarterly in advance. In addition the tenant is liable to reimburse the landlord the cost of insuring the building to full reinstatement value annually on demand. 1A Louisa Street - two storey residential maisonette which forms part of the title of 160 Bolton Road. It is let out under a residential tenancy agreement which commenced on 1st August 2021 to a private individual at a rental of £5,040 per annum payable monthly in advance. 1B Louisa Street - single storey lock up unit used for the storage of furniture. It has been let to a private individual since 2020 and has just signed a new 3 year lease which commenced on 1st April 2022 at a rent of £4,090 per annum payable monthly in advance. In addition, the tenant is liable to reimburse the landlord the cost of insuring the building to full reinstatement value annually on demand. The total rent is £28,330 pa Location Prominently situated fronting Bolton Road (A575) in the centre of Walkden, opposite Ellesmere Shopping Centre, with occupiers including M&S Foodhall and Tesco. 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

Accommodation

158 Bolton Road – Ground Floor – Barbers, Rear Kitchen/Staff and storage First Floor – W.C., two storage rooms 160 Bolton Road – Ground Floor – Customer Waiting Area, Serving Area, Commercial Kitchen, Preparation Area. First Floor – Food Prep Area & W.C. 1A Louisa Street – Ground Floor – Shower Room, Kitchen/Diner. First Floor – Lounge and Bedroom 1B Louisa Street - Open Plan Workshop/ Storage Unit

Energy Efficiency Rating (EPC)

Current Rating C, B, E, D

Local Authority

Manchester City Council

Solicitors

Butcher & Barlow LLP, Ref: Butcher & Barlow LLP, Tel: 01942 674144

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.