Mixed Use Commercial/Residential Investment Opportunity Generating £7,800 pa
Two storey end-terrace property under a pitched-tile roof. Briefly comprising a ground floor tenanted convenience store / off licence plus tenanted self-contained first floor 1x bedroom flat. The property benefits from UPVC double glazed windows, security shutters to shop front and entrance, small enclosed side and rear yard and on road parking. Ground floor convenience store comprises: main sales area, store room, WC. The unit benefits from LED lighting, suspended ceiling and electric security roller shutters to the shop front and entrance. First floor flat comprises: Self-contained side entrance, porch, staircase, living room, kitchen, storage cupboard, bedroom and bathroom with three piece suite. Externally the property benefits from a side and rear yard. Tenancy Ground Floor: Tenanted on a 6-year lease starting 1st October 2020 Rent: £350 pcm (£4,200 pa) First floor Flat: Tenanted on a rolling contract (month – month) understood to have been in occupation since 2015 Rent: £300 pcm (£3,600 pa) Total Rent = £650 pcm (£7,800 pa) Location The property is in close proximity to local amenities such as shops, parks and cafes. The property also benefits from excellent transport links with Moston Railway Station approximately 0.5 miles away. Tenure Please see Legal Pack Council Tax Band A Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. 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. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
Manchester City Council
Rothwell & Evans, Ref: Joe Gilliatt, Tel: 0161 7941830
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 1.75% inc VAT of the purchase price, subject to a minimum of £1750 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.