For Sale By Auction | 12:00, 17 April 2024 | Lot 72

The Bank Of Barboda, 50 Swan Street, Manchester, Greater Manchester M4 5JU

*Guide | £850,000 (plus fees)

  • Commercial Development
  • Tenure: Freehold

Call the team on 01772 772450 for more information

Auction Date

Wed 17/04/2024

Auction Time

12:00

Auction Venue

Online Auction

Former Bank Approximately 5,436 SQ.FT With Parking – May Suit Development (STP)

Banking hall and offices dating from the 1960s. providing accommodation over basement, ground and two upper floor levels beneath a flat roof. Internally the property provides a ground floor banking hall, with ancillary storage within a basement, whilst the mezzanine and upper floor levels provide office and further ancillary space. The ground floor is largely open plan in form having a typical banking hall layout, with a partially glazed screen separating the public and staff areas, with two private meeting areas and WC facilities. The mezzanine over sails the ground floor with glazing overlooking the banking hall. The Western section of the first floor provides welfare facilities to include male and female WCs with a staffroom. The balance of the upper floors are currently separated from the banking hall space, albeit that there is a single point of access via the staff canteen. The balance of the first floor and the second floor can be accessed via a separate access and stairs from Mason Street. The first and second floor office space are similarly specified having a mixture of open plan and cellular accommodation formed with demountable partitioning. Access to both floors is via a staircase with WC facilities at a half landing. Externally forecourt car parking is provided for at least 3 vehicles. The site area extends to approximately 0.09 acres | 0.03 hectares. The property may suit development subject to the required consents being obtained. Tenure: freehold Title number: GM616485 Council Tax Band : n/a Local Authority: Manchester Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip

Tenure

Freehold

Accommodation:

The property has been measured in accordance with the RICS Code of Measuring Practice (6th Edition) and International Property Measurement Standards (IPMS) and is arranged as follows: Description Net Internal Area Sq m Sq ft Ground Floor Banking Hall and Ancillary 134.1 1,443 Mezzanine Floor Offices 41.7 449 First Floor Staff Welfare Facilities 30.1 324 Offices 62.8 676 Second Floor Offices 135.3 1,457 Basement Storage and Ancillary 101.0 1,087 Total Net Internal Area 505.0 5,436

Location:

Prominently located on the north easterly fringe of Manchester City Centre east side of Swan Street (A665) part of the Ring Road, between Rochdale Road and Oldham Road with a plethora of recent developments in close proximity. Significantly the property is located within area covered by a Strategic Regeneration Framework - Manchester Northern Gateway dated February 2019. The property is located within an area to be known as New Cross

Important Information

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

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.

Energy Efficiency Rating (EPC)

Current Rating TBC

Local Authority

Manchester City Council

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 - 1.98% inc VAT of the purchase price, subject to a minimum of £1980 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.