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Commercial Property
DRAFT DETAILS
Substantial commercial property with potential for development (subject to planning). We are advised it is currently let at £46,500 per annum.
This is a rare opportunity to acquire a property of this size in the heart of Longsight’s thriving town centre. Prominently positioned on the A6 Stockport Road, one of the main arterial roads into Manchester city centre. The property is currently fully let and offers great potential to further develop, utilising the upper floor areas and attic space which would be well suited to an additional office and residential flat. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding. The area is known for its bustling atmosphere and cosmopolitan community and is in high demand for both residential and commercial occupancy.
Phone/Telecoms shop let on a 12 year lease (2017) at £1,050 per calendar month. We understand the tenant is currently negotiating an extension to this lease.
Money Exchange Centre and studio flat, let on a 7 year lease at £925 per calendar month. Lobby, Money Changer, Office, Studio flat and Bathroom.
Community Office let at £600 per calendar month. Community hall, landing/gallery, store, kitchenette, bathroom and office.
Popular Convenience Store let on a 12 year lease at £1,300 per calendar month.
Please be advised that room measurements are currently not available. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.
Freehold. Subject to tenancy.
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 (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
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 £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
Guide Price & Reserve Price
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.
