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FOR SALE BY ONLINE AUCTION ON 24TH APRIL 2024. All bidders must register beforehand. Partner Agents/Joint Auctioneers with BTC Commercial www.btcint.com
Unbroken freehold commercial and residential opportunity to acquire a fully let income producing parade on a pedestrianised shopping district in Stalybridge, Greater Manchester.
Commercial occupant includes Greggs plc
The commercial leases are relatively new, granted for a period of 10 years with the majority expiring in 2031.
The residential flats were recently refurbished to a high standard and are all let on AST'S (1 year rolling over contracts)
The commercial units are generating approximately £56,900 per annum and the residential flats are generating approximately £36,840 per annum.
Total income is approximately £95,840 per annum (including service charge £2,100 per annum)
Freehold
Guide Prices & Reserves
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees
Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Plans, Maps and Photographs
The plans, floorplans, maps, photograph’s and video tours published on our website and in the catalogue are to aid identification of the property only. The plans are not to scale and should not be relied upon.
Consumer Protection Regulations 2008
Auction Property Ltd endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract. All references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. The seller does not make any representation or give any warranty in relation to the property, and we have no authority to do so on behalf of the seller.
Anti Money Laundering Regulations.
Intending buyers will be asked to produce identification documentation either as part of the bidder registration process of if they make an acceptable pre-auction offer, we would ask for your co-operation in order that there will be no delay in agreeing the sale.
Control of Asbestos Regulations
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Auction Property Ltd have not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.
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