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THIS PROPERTY IS NO LONGER AVAILABLE

Commercial Building For Auction
Cheetham Hill Road, Cheetham Hill, Manchester, M4

£850,000
  • Property at Cheetham Hill Road, Cheetham Hill, Manchester
  • Property at Cheetham Hill Road, Cheetham Hill, Manchester

Full Description

View this property on a map Three storey office and retail building located on fringe of city centre.

TO BE SOLD BY AUCTION APRIL 24TH 2018

REFER TO AUCTION CATALOGUE LOT: 59

Guide £850,000

EPC rating: D

*For essential guide price information visit: www.edwardmellor.co.uk

Notice

Before buying at Auction, it is essential that you read our Notices to Prospective Buyers and the Common Auction Conditions. These can be found on our website https://edwardmellor.co.uk/auctions/buying-at-auction

You must not bid unless you have made yourself fully aware of the auction process. If you require help with this, please contact a member of the auction team.

Important Notice

Any party wishing to bid on this property must preregister with the auctioneers and provide full identification both private and corporate and also provide sufficient proof of funds to purchase.

Any party who has not registered and been assigned a bidding number by the auctioneers will not be entitled to bid under strict instructions of the receiver.

Overview

The property has three storeys of office and retail space plus basements with a GIA circa 10,500 SQFT (975 SQM) plus some parking to front and rear and is located in the Cheetham Hill district of Manchester, close to Manchester Arena, Manchester Victoria

Notes

Tenure: The property is under two leasehold titles both for 999 years from 1855 and 1884 with ground rents of £28.00 per annum respectively. EPC rating D. The lined plan is for identification purposes only.

Details

The building is being sold on behalf of the receivers and is sold as is.

Assuming the leases provided are reflective of current occupancy the rent roll is c.£103,800, the former also owners having a leaseback arrangement.

At the time of marketing we are advised that the rent roll has not been recovered since September 2017 and as such the property is bought with these encumbrances and no guarantee of rent at completion.

Possession

Sold with the encumbrances of the leases: refer to legal pack for more detailed information;

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