For Sale By Auction | 12:00, 17 July 2024 | Lot 78

3-5 Manchester Road, Denton, Manchester, Greater Manchester M34 3JU

*Guide | £440,000 (plus fees)

  • Mixed Use
  • Tenure: Freehold

Call the team on 01772 772450 for more information

Auction Date

Wed 17/07/2024

Auction Time

12:00

Auction Venue

Online Auction

Mixed Use Investment Property – Let to William Hill Plus Three Flats – Producing £44,600 pa

Mixed use commercial and residential investment property, briefly comprising a ground floor bookmakers occupied by William Hill together with three recently converted flats to the first floor (2 x 2 bed, 1x 1 bed) The property is situated in a prominent position in the centre of Denton fronting Manchester Road close to the crossroad junction with Stockport Road, Ashton Road and Hyde Road. The property is currently let as follows:- 3-5 Manchester Road - let to William Hill by way of a 20 year FRI lease from 2007 at a current rent of £14,000pa. First Floor Flat 1 (2 bed) AST - £950 pcm Flat 2 (1 bed) AST - £625 pcm Flat 3 (2 bed) AST - £975 pcm Total rent - £44,600 pa Note – the flats have not been inspected by Auction House. Lease details will be provided within the legal pack. Tenure: freehold Title number: GM294191 Council Tax Band : A Local Authority: Tameside Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip

Tenure

Freehold

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 Flats 1, 2 & 3 EPC ratings all D. Retail unit – on order

Local Authority

Tameside Metropolitan Borough Council

Solicitors

Savage Silk Solicitors, Ref: Savage Silk Solicitors

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.