Postponed to May auction to allow for lease negotiations

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Virtual freehold commercial investment comprising a 2 storey detached building (4316 sq ft, source EPC) with car park and outside space, let producing £41,600 pa.

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Description/Location

The property is arranged across 2 floors and benefits from a wide frontage to Manchester Road. Let to Little Saints Childrens Nursery on an Internal Repairing and Insuring basis for 10 years from 06/06/2016 with rent reviews at 5 and 7 years, the tenant opted not to exercise a break clause on 06/12/2020.

WE ARE ADVISED THAT VAT IS NOT APPLICABLE TO THIS LOT

Tenure

Virtual Freehold: 999 years from 23/01/1793, ground rent £3 pa.

Local Authority

Viewing

Please contact Elliott Network Auctions on 01923 240420

Accommodation

Ground Floor: Reception area and cloakroom/wc, 3 x offices, 3 x classrooms, kitchen. inner hallway, staff room and staff wc. First Floor: Landing, nursery room, sleeping room, staff wc, bathroom. Outside: Car park to the front, garden and play areas to the side and rear.

Rent

Rent: £41,600 pa

Virtual Tour

Virtual Tour 273-275 Manchester Road

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.