Book a FREE Valuation › Branches

THIS PROPERTY IS NO LONGER AVAILABLE

Commercial Building For Auction
Chapman Street, Gorton, Manchester, M18

£130,000
Guide Price
  • Property at Chapman Street, Gorton, Manchester
  • Property at Chapman Street, Gorton, Manchester
  • Property at Chapman Street, Gorton, Manchester
  • Property at Chapman Street, Gorton, Manchester
  • Property at Chapman Street, Gorton, Manchester

Key Features

  • For Auction on the 29th April 2020
  • Lot 45

Full Description

View this property on a map Mixed use investment to be sold by auction which is part tenanted.

Ground floor paying £500 per month to long term tenant.

Upper floor self contained flat vacant, estimated rental between £500-£550 per month.

The upper floor flat is renovated to a most excellent standard as one can see by the pictures.

If you intend to borrow any money from a financial institution please make sure they are in a position to provide the funding in a timely manner, as they are currently experiencing extreme demands. For further information you can call us on 0161 443 4740 to discuss your individual circumstances

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.

Ground Floor

Barbers shop, shop sales, kitchen, WC and storage, circa 40 SQM (430 SQFT) NIA. Long term tenant.

Self Contained Flat

Ground floor entrance, stairs to upper floor. Landing, living room/kitchen, long hallway, two bedrooms, bathroom

Externally

Small rear yard

Estimated Rents

It is felt that the combined rent for the shop and flat is circa £12, 500 per annum equating to a 8.3% gross yield.

Notes

Double glazed windows in flat, recent boiler (GFCH). Flat EPC: D, Shop TBC/on order

Possession

Ground floor tenanted £500 per month, no lease seen. Upper floor flat vacant.

Who, When, Where?

Edward Mellor Auction
Date: 29th April

Bidding Procedure

If you are bidding for yourself you need to bring proof of ID: passport or driving licence, proof of address: bank statement, utility bill. Debit card, credit card, cheque book or banker's draft. Your solicitor's details.
If you are bidding on behalf of a Company, please bring the above ID (on condition you are a director) AND the certificate of incorporation for the company.
If you are bidding on behalf of another person/company please bring the above ID for both yourself AND the person/company who will be listed as the purchaser and a letter of authorisation from the purchaser for you to act and bid on their behalf.

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 www.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

FINANCE

If you intend to borrow any money from a financial institution please make sure they are in a position to provide the funding in a timely manner, as they are currently experiencing extreme demands. For further information you can call us on 0161 443 4740 to discuss your individual circumstances

You may download, store and use the material for your own personal use and research. You may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the website owner's express prior written consent. The website owner's copyright must remain on all reproductions of material taken from this website.

Floorplan for Chapman Street, Gorton, Manchester

Auction Office

Borough Chambers
1 St Petersgate
Stockport
Cheshire
SK1 1EB

Opening hours today:Closed
Currently Closed
 0161 443 4740
Telephone opening:Closed -
Lines Closed
More About Our Auction Branch

Covid- 19 Update: In line with the latest government advice, we have taken the decision to start viewings, valuations and other services. For more info click here.   Learn More