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123 Bradshawgate, Leigh, WN7 4ND

Lot no: 120 Postponed
 

Guide Price POA plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 30th July 2020

10.30am
Key Features
  • Freehold investment property
  • 5 retail units and 8 apartments
  • 7 car parking spaces
  • Producing £74,739.96 per annum
  • EPC Rating: Residential: C x 5, D x 3 and Commercial B x 2, C x 4
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Postponed

Mixed Use

Property Description:

Sale by way of LPA Receivers J Liddiment and P Greenhalgh. A three storey end-terraced semi-commercial investment property arranged as seven retail units, eight one and two bedroom apartments plus basement and ancillary storage accommodation. The property is well located in a prominent position along Bradshawgate with a variety of neighbouring retail units including hair salons, cafes and Iceland supermarket. A large retail and leisure development including Tesco Extra, Cineworld, Lidl and Frankie and Benny’s is also located within 300 metres.
Leigh town centre has a full bus services which includes direct links to Manchester City Centre. Rail connections are available via Atherton Railway Station located approximately 2¾ miles away.

Ground Floor:
123 Bradshawgate (Beauty Salon)

429 sq ft – Sales area which has been portioned to provide four treatment rooms together with a kitchen and wc facility located to the rear.

127 Bradshawgate & 1 Brown Street North (Tea room)

462 sq ft – Accommodation provides an ‘L’ shaped café / tea room with small preparation area and wc facility located to the rear.

1a Brown Street North (Tattoo Studio)

105 sq ft – ‘L’ shaped sales area with kitchen and WC facility to the rear.

1b Brown Street North (Florist)

264 sq ft – Open plan sales area with kitchen and WC facility to the rear.

1c & 1d Brown Street North (Aesthetic Clinic)

267 sq ft – Accommodation provides two sales areas with two partitioned treatment rooms, together with two kitchens and WC facilities located to the rear.

Residential Accommodation:

Each apartment has an open plan lounge / kitchen and a bathroom or shower room.

First Floor:

Apartment 1: One bedroom apartment 457 sq ft (estimated measurement)
Apartment 2 One bedroom apartment 434 sq ft
Apartment 3 Two bedroom apartment 541 sq ft (estimated measurement)
Apartment 4 Two bedroom apartment 739 st fe (estimated measurement)

Second Floor:

Apartment 5: One bedroom apartment 581 sq ft (estimated measurement)
Apartment 6: One bedroom apartment 510 sq ft
Apartment 7: Two bedroom apartment 541 sq ft
Apartment 8: Two bedroom apartment 621 sq ft

Basement

10x storage rooms together with a further metre cupboard.

Outside:

Small yard providing 7 car parking spaces.

Note:

Please note the rental income has not been verified. We have relied upon rental information supplied by the Managing Agents but we have not had sight of occupational agreements

Tenure:

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.