For Sale By Auction | 12:00, 13 November 2024

242 Wilmslow Road, Fallowfield, Manchester, Greater Manchester M14 6LD

*Guide | £175,000 (plus fees)

  • Commercial Property
  • Tenure: Freehold

Call the team on 01772 772450 for more information

Auction Date

Wed 13/11/2024

Auction Time

12:00

Auction Venue

Online Auction

Tenanted Retail Unit With HMO – Producing £18,000 p.a.

Tenanted Retail Unit With (Part) HMO – Producing £18,000 p.a. Two storey mid terrace property briefly comprising ground floor convenience store with 4 bedrooms, to the 1st and 2nd floors, forming part of a HMO with the next door (no.240 – not included in the sale). The property has been combined with next door (No 240) at all levels with stairs and access via 240 Wilmslow Road. Accommodation summary below: Ground floor – retail unit accessed via 240 Wilmslow Road Basement – storage space accessed via 240 Wilmslow Road First floor – 2 bedrooms – room only no kitchen or bathrooms as these are contained within no.240. Access via 240A Wilmslow Road. Second floor – 2 bedrooms – 1x en-suite (rear) and 1x with room only. Access via 240A Wilmslow Road. The tenant is operating an HMO on the upper floors and provides communal facilities including, kitchen, lounge, bathrooms and laundry to the rooms within the demise of 242 Wilmslow Road. These facilities are housed within 240A Wilmslow Road, which is outside of the demise and not included on this sale. The income generated for the entire property is £18,000 per annum, with the lease expiring 16th December 2027. There is an outstanding rent review from 17th December 2022. Situated on the westerly side of Wilmslow Road (A6010), opposite Fallowfield Student Accommodation Campus (Manchester University), close to the junction with Moseley Road and Platt Fields Park. Manchester city centre is approximately 3 miles to the north Tenure: Freehold Title number: GM180997 Local Authority: Manchester 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

Local Authority

Manchester City Council

Solicitors

Bexley Beaumont Limited, Ref: Bexley Beaumont Limited

Offered in association with

Roger Hannah

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.