Commercial Development
DRAFT DETAILS. This is a rare opportunity to acquire a varied and substantial investment in the popular location of Prestwich, North Manchester. The site is located to the east of Drinkwater Park with easy access to a multitude of shopping, leisure and social amenities in Prestwich’s fashionable town centre. The development also benefits from strong transport links including a full local bus service and Prestwich Metrolink stop located close by.
In brief, the investment consists of:
20 Garages let out individually at approximately £1,000 pcm.
11 Ground Rent investments producing circa £360.00 per annum.
Land with full planning permission for 2x semi detached houses.
Planning permission was granted by Bury Council on 1st March 2017 for Demolition of existing garages and erection of 2 x semi detached houses under planning reference: 60997
Please refer to the legal pack for further information.
The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
