For Sale By Auction | 14:00, 05 September 2019 | Lot 33

Unit 2 Victory Park Industrial Estate, Mill Street/Mill Lane (Off Oldham Road), Failsworth, Greater Manchester, M35 0BG

Sold £175,000

  • Light Industrial
  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Thu 05/09/2019

Auction Time

14:00

Auction Venue

Bolton Wanderers Stadium Platinum Suite, De Havilland Way, Bolton, BL6 6SF

Industrial Investment Producing £13,440 pa, increasing to £16,100 pa

Self-contained single storey industrial unit, extending to approximately 2,700 sq ft (250 sq m). The unit is fitted with office accommodation to the front and loading is via a roller shutter loading door. Externally there is a secure gated and fenced surfaced car park/yard area. The property is currently let to a private individual by way of a 10 year FRi lease from April 2016 at a current rental of £13,440 pa which is due to increase April 2020 to £14,770 pa and then again on April 2021 to £16,100 pa. The lease incorporates three yearly rent reviews to RPI or market rent, whichever is the greater. The unit occupies an established industrial position just off Oldham Road (A62), one of the main arterial routes into Manchester City Centre, connecting the M60 Orbital Motorway (Junction 22) to Manchester City Centre.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating E

Local Authority

Manchester City 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 £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.