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Tenanted convenience store producing £9,750 pa. Plus 2 x vacant flats in need of refurbishment.
Traditionally constructed corner property briefly comprising tenanted ground floor self contained convenience store trading as Premier Express, Fairfield Convenience Store. There are two flats above, 1 x one bed and 1 x two bed which are both accessed via the side entrance. The ground floor convenience store is currently occupied by way of a 10 year lease from 31 July 2012 at a current rental of £9,750 pa. Both flats are vacant and need refurbishment. The property fronts onto Rochdale Old Road (B6222) on the outskirts of Bury Town Centre. Bury Town Centre is located 1.5 miles west from the subject property and Junction 2 of the M66 motorway is one mile to the north. VAT is applicable on this property.
Tenure
See Legal Pack
Flat 1
Comprises an open plan living/dining/kitchen area, bedroom, bathroom and separate toilet.
Flat 2
Comprises a living/dining/kitchen area, bedroom 1, bedroom 2 and a 3 piece bathroom. When refurbished and fully occupied the estimated rental value is listed to be in the region of £20,000 pa.
Energy Efficiency Rating (EPC)
Current Rating C & E
Local Authority
Bury Metropolitan Borough Council
Additional Fees
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £900 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.