Mixed Use
DRAFT DETAILS:
A substantial, mixed use property in Radcliffe, Bury, producing £22,620 per annum.
This is an excellent investment opportunity comprising an extensive, end terrace prominently positioned on Dumers Lane, Radcliffe. The property includes a ground floor commercial premises, currently operating as funeral directors with residential accommodation above.
We are informed by the seller that the funeral parlour is let for five years at £1,390 per calendar month and the flat is let at £495 per calendar month giving a combined monthly rental income of £1,885. Currently there is no separate access to the residential accommodation above.
The property offers spacious accommodation and remains in good condition throughout with gas central heating and double glazing. Situated just over one mile from Radcliffe town centre and just over two miles from Bury town centre, the property is well placed for access to all necessary amenities and services including shopping facilities and transport links. There is an abundance of popular bars and eateries nearby and plenty of outdoor spaces such as Close Park and Springwater Park. The property is conveniently placed for access to the A56 which connects directly to the motorway network. There are also bus services surrounding the property and train services operating nearby.
52.5 sqft
56 sqft
21.58 sqft
21 sqft
409 sqft
111.3 sqft
26.58 sqft
208.26 sqft
55.57 sqft
20.32 sqft
52.50 sqft
1,226.9 sqft
Leasehold. Subject to tenancy.
882
Auction Details
The sale of this property will take place on the stated date by way of Timed Auction 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.
