Tenanted Parade of Retail / Commercial Units With Consent To Convert Upper Floors To Residential

Fully let parade of ground floor retail/commercial units together with first and second floors with planning consent to convert to 7 no. Apartments (4 x 2 bed, 3 x 1 bed). The upper floors are separately accessed via two entrances from Bark Street and Knowsley Street. LOCATION Prominently situated at the corner of Bark Street in Bolton Town centre opposite Market Place Shopping Centre. TENANCIES We are informed that the property is currently let as follows, the total rental income being £32,900 pa increasing to £35,700 pa (Aug 23) •{tab}59 Knowsley Street – A&M Newsbox (Newsagents) – 6 year lease from November 2017 - £8,500 pa •{tab}61 Knowsley Street – Charity / Place of worship / Church – 5 year lease from August 2021 paying £7,200 pa increasing to £8,400 pa in August 2023. The lease incorporates a break clause in August 2024 •{tab}63 Knowsley Street – Convenience store – 5 year lease from August 2021 paying £7,200 pa increasing to £8,400 pa in August 2023. The lease incorporates a break clause in August 2024 •{tab}65 Knowsley Street – Restaurant / Takeaway – Holding over by way of 6 year lease from September 2016 at a rent of £10,000 pa PLANNING The first and second floors benefit from planning consent from Bolton Council (Ref 14888/22 & Alt Ref PP-11641706) granted January 2023 for CHANGE THE USE OF FIRST AND SECOND FLOORS FROM OFFICES (USE CLASS E) TO 7 No. APARTMENTS (USE CLASS C3) (4x 2 bed and 3 x 1 bed) Tenure: Long Leasehold Title number: GM927917 Length of Lease/Term: Ground Rent : £40 Service Charge: £ Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/ ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. 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.

Tenure

Leasehold

Energy Efficiency Rating (EPC)

Current Rating E

Local Authority

Bolton Metropolitan Borough Council

Solicitors

E&K Solicitors, Ref: E&K Solicitors

Additional Fees

Administration Charge - 1.8% inc VAT of the purchase price, subject to a minimum of £1800 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.