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Land
City Centre site measuring circa 1,250 sq.ft.
The property comprises a parcel of land situated on the north side of Holbrook Street which is off Pritchard Street in Manchester City Centre. Pritchard Street is accessed off Charles Street which runs horizontally between Oxford Road and Princess Street.
On the opposite side of Charles Street is the former BBC site which is currently undergoing redevelopment, re-branded as “Circle Square”, a mixed use development which will include 1,200,000 sq feet of office space, 1,700 new homes and 100,000 sq ft of ground floor leisure and retail space. Manchester’s Oxford Road Train Station is a 5 minute walk to the west.
May be suitable for alternative uses, subject to obtaining the necessary consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid.
Buyers are referred to the Overage Agreement and to the letter from Farrer and Co dated 19.12.2022 which are included in the legal pack and both of which contain details of additional sums payable. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Freehold. Vacant possession upon completion.
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 Variable 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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.
