Lot 6 - 345 Moston Lane, Manchester, Lancashire, M40 9NB

Unconditional Online Auction Sale
Guide Price* : £85,000 plus

Mixed retail and residential investment
Annual equivalent gross income £12,120
Busy established local retail loaction

Mixed commercial and residential investment comprising a retail unit with flat above let at a combined annual equivalent income of £12,120

Description

The property comprises a mid terrace unit, with a retail unit to the ground floor and a self contained flat above.

Location

Moston Lane is a busy suburban neighbourhood retail location, with a mixture of local and some national retailers. Manchester city centre lies approximately 2.75 miles to the south and Junction 21 of the M60 motorway is within 2 miles to the east.

Tenure

Freehold.

Accommodation

Ground Floor: 59 sq. m (635 sq. ft) - According to the VOA Business Rates valuation

First Floor: 1 bedroom Flat

Tenancies

We understand that the shop is let at £550 per month and the flat at £460 per month.

EPC

Shop - Energy Asset Rating is C & Flat - Energy Asset Rating is E.

Buyers Administration Fee

There will be a Buyer's Administration Fee of £3,000 (inc VAT) payable upon exchange of contracts.

Additional Information

1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.

2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. 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.

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