Warehouse Unit – Subdivided and Occupied

On behalf of joint fixed charge receivers. Warehouse unit, part single storey, part two storey which has been subdivided to create smaller lettable units with common kitchen and WC facilities. Auction House have not inspected every unit but understand there to be 2-3 main warehouse/storage units on the ground floor and a further storage unit on the first floor. Tenancies We have been provided with two leases as follows (please refer to the legal pack for copies): - •Unit 2B, Ground Floor (X) – let to a private individual by way of a 6-year lease from 1st March 2019 (expiry 28th February 2025) at a rent of £7,200 pa •Unit 2B, Ground Floor – let to a private individual by way of a 6-year lease from 1st March 2019 (expiry 28th February 2025) at a rent of £7,200 pa When inspected, the first-floor unit was also occupied. We believe there may be other occupiers in situ, however, have not been provided with tenancy information. Location Situated off the easterly side of Sherbourne Street accessed via a gated yard/ parking area, in the popular Cheetham Hill area approximately 1 mile north of Manchester City Centre. Tenure: long leasehold Title number: MAN116033 Council Tax Band : n/a Local Authority: Manchester

Tenure

Leasehold.

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 C

Local Authority

Manchester City Council

Solicitors

Irwin Mitchell, Ref: Irwin Mitchell

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.