Call the team on 0161 830 7477 for more information
Mixed Use Multi-Let Investment Producing £45,000pa
Multi let mixed use investment property briefly comprising parade of retail units, children's play centre & office suite currently fully let and producing an annual rental of £45,000 pa. The property is in good order throughout and is extremely well located on the main arterial route from Horwich to Bolton town centre. 172 Chorley New Road - Ground floor retail unit - Cash 4 Clothes - 12.08 sq m (130 sq ft) - £4,000 pa 172b Chorley new Road - First Floor Office Suite - 56.2 sq m (605 sq ft) - new 3 year lease from September 2017 at £5,000pa. 174 Chorley New Road - Childrens Play Centre - 378.5 sq m (4,069 sq ft) - let to Tiger Tumble with personal guarantee for a term of 3 years from 2016 incorporating a rent review in 2019 . Lease is drawn on FRI terms (by way of Schedule of Condition) at a current passing rental of £30,000 pa 176 Chorley New Road - double fronted ground and first floor retail unit - 107.4 sq m (1,156 sq ft) - Let to Brewery £6,000pa. We are informed that all rental payments are up to date. A purchase at the guide price equates to a net yield of 14.96% after deductions for purchasers costs. Please note, the purchaser requires a contribution of £350 towards the searches and £300 towards legal costs.
Tenure
To Be Confirmed In Legal Pack
Viewing
Please contact Auction House North West Commercial on 0161 830 7477
Energy Efficiency Rating (EPC)
Current Rating E
Local Authority
Bolton Metropolitian Borough Council
Solicitors
The Lee Rigby Partnership, Beech House, Lancastergate, Leyland PR25 2EX, Ref: Mrs J Kerrigan, Tel: 01772 421748
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
Buyer's Premium - £900 including VAT payable in addition to the Administration Charge
Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.