Freehold parcel of land considered suitable for redevelopment as mixed use building with commercial and residential accommodation.This could be a very shrewd purchase as the area is popular for investment and trade.
LOT 20
Before buying at Auction, it is essential that you read our Notice to Prospective Buyers and the Common Auction Conditions.
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.
Overview
The site is located off Bury New Road only half a mile from Prestwich centre and is adjacent to a row of 8 shops in a parade which are all open and trading serving the local residents. Local house prices for semi-detached property are in the £200,000 region and commercial property does not come available very often.
Rental values for commercial units are circa £800 per month, whilst flats in the location have expected rents of at least £550 per calendar month over these shops. Site area circa 90 SQM (970 SQFT)
Planning
Although no planning has been applied for it is considered that the plot is suitable for a similar building of mixed use to be erected.
All interested parties are advised to make their own enquiries directly to Bury Council Planning Department
Possession
Vacant site, bought as is
Tenure
Advised freehold.
Notes
Lined and shaded site plans, site measurements are for purpose of illustration and identification only and must not be relied on as being wholly accurate.
Refer to the online legal pack for the title documentation.
Who, When, Where?
Edward Mellor Auction.
Sheridan Suite, 371 Oldham Road, Manchester, M40 8RR
Important 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.
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65-81 St Petersgate
Stockport
Cheshire
SK1 1DS
