Fully Let Investment Property - Producing £15,000pa
Auction Date: Wednesday 22nd May 2019 Venue: AJ Bell Stadium 1 Stadium Way, Barton-upon-Irwell, Salford, M30 7EY On behalf of the Joint LPA Receivers Substantial two storey period corner property currently fully let at as follows:- Ground Floor - Let to Vineyard 53 (charity) by way of a 5 year lease from July 2016 (expiring July 2021) at a rental of £9,000 pa. First Floor - Let to Chriska Stage School who are holding over following expiry of their lease at a rental of £6,000 pa. We are informed that the stage school have been in occupation approximately 35 years and would be willing to sign a new lease subject to terms being agreed. The total rental income is therefore £15,000 pa.
See Legal Pack
We have not measured the property however the VOA provides the following floor areas:
Ground Floor - 198.64 sq m (2,138 sq ft) First Floor - 204.3 sq m (2,199 sq ft) Total - 402.94 sq.m (4,337 sq ft)
The property is held freehold and is situated in the centre of Ellesmere Port at the junction of Exeter Road, midway between the Port Arcades Shopping Centre and Ellesmere Port train station.
Energy Efficiency Rating (EPC)
Current Rating C & C
Cheshire West and Chester Council
Buyer's Premium - 1.2% inc VAT of the purchase price payable on exchange of contracts.
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.