Call the team on 01772 772450 for more information
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.
Tenure
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)
Location
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
Local Authority
Cheshire West and Chester Council
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 - 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.