Mixed Use
A ground floor retail unit with two flats above.
We have been informed that there is a current RICS agreement for the shop at 167 Market Street which is holding over (Dec 2019) at £3,720 per annum, lease details to follow within the legal pack. 169 is currently vacant.
The flats are both let and managed by Taylor and Wood.
Please note currently the rents include electric on the flats as the meters are sub metered from the shops so the landlord pay the electric and includes it in the flats but then recharges the shop tenants for their usage.
Two retail units that are currently interconnecting but can be separated having dual sales area, rear office, storage room and WC and kitchen with a rear yard. 69 sqm combined (742 Sq ft) (40 and 29 sqm respectively)
Vestibule, living room, hallway, L-shaped dining kitchen, large dressing room/cloak room through to large shower room. Second floor: Landing area. Main bedroom and smaller second room.
Vestibule, living room, hallway, L-shaped dining kitchen, shower room. Second floor: Landing area. Main bedroom and smaller second room.
This location is densely populated with a high concentration of sole traders operating businesses and is popular with investors as it has high demand for rental properties. Hyde itself is served by the M67 motorway, a feeder to the M60, the orbital motorway for Manchester, which is connected to many other motorways that serve across the country. It has two rail stations centrally also has Hyde bus station, with services into Manchester and other surrounding areas, including Stockport, Ashton-under-Lyne and Oldham. The properties are located on Market Street in Hyde toward the Dowson Road Junction.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
We have been informed that a damp proof course for 169 has been instructed so waiting for a date for that to be completed.
These sales details are awaiting vendor approval.
Leasehold. Part let/part vacant.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £6,000 inc. VAT
The Buyers 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 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.
