Tenanted Convenience Store & Self-Contained Flat - Producing £18,436pa

Auction Date: Wednesday 22nd May 2019 Auction Venue: AJ Bell Stadium 1 Stadium Way, Barton-upon-Irwell, Salford, M30 7EY Mid-terrace fully tenanted two storey building comprising ground floor retail unit plus separately accessed self contained 2 bed flat accessed from the small gated yard to the front. The retail unit is fitted with security roller shutters to the shop front and benefits from air conditioning, suspended ceilings with LED lighting, tiled floor, 4 storerooms to the rear and a w.c. The self contained flat comprises a ground floor entrance hallway with stairs leading to the lounge/dining room, study, master bedroom, second double bedroom, kitchen, bathroom and separate w.c.

Tenure

See Legal Pack

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The property is situated within a popular parade of similar retail/commercial units, fronting onto Fir Road with lay by parking to the front. Fir Road branches from Bramhall Lane South (A5102), close to its junction with Bridge Lane (A5143) approximately 1 mile south of the centre of Bramhall and approximately 2 miles south of Stockport town centre.

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The property is tenanted as follows: 6 Fir Road is let to private individuals trading as Go Local Convenience Store by way of a 15 year lease from July 2015 at a current rental of £13,000 pa. The lease incorporates 5 yearly rent reviews, the next one due July 2020. 6a Fir Road is let at a rental of £453 pcm (£5,436 pa). The tenant has been in occupation for 20 years. Copy of leases available in legal pack. The total rental income is therefore £18,436 pa.

Energy Efficiency Rating (EPC)

Current Rating B & F

Local Authority

Stockport Metropolitan Borough Council

Additional Fees

Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £1080 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.