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THIS PROPERTY IS NO LONGER AVAILABLE

Commercial Building For Auction
Market Street, Hyde, SK14

£300,000
Guide Price
  • Property at Market Street, Hyde
  • Property at Market Street, Hyde
  • Property at Market Street, Hyde
  • Property at Market Street, Hyde

Key Features

  • For Auction on 29th April 2020
  • Lot 60

Full Description

View this property on a map The lot on offer comprises 340 SQM (3,660 SQFT) of space in three separate commercial units fully let and a large large flat over which is tenanted. The owner inform us that the annual income is £26663 pa however please consult the leases in the legal pack.

The accommodation in the units and flat have been recently renovated to a good standard and are larger than average. The premises benefit from parking and yard space to the rear.

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.

Overview

The property on offer includes three larger than average commercial premises, a spacious self contained one bedroom apartment and land. The history of the shops are they have been used for personal business and more recently 122/124 was a popular restaurant. Number 120 is a tenanted beauty salon. Rents are circa £600-£800 per unit per month, fantastic yield potential. The property comes with yard space and rear parking. GIA circa 340 SQM (3,660 SQFT)

120 Market Street

120 Market Street is currently tenanted by a beauty treatment practice, the accommodation is very well presented and in good order.. Salon area with ancillary space on ground floor, upstairs treatment room.

122/124 Market Street

Formerly one restaurant, the accommodation is larger than average and has been modernised and repainted and in good order. Still can be used as one, but wall will need to be knocked through again in between the ground floor. Large retail/office/restaurant accommodation in two parts, large kitchen area, further smaller kitchen and associated WCs. First floor has separate WCs and office.

124a Market Street

The flat is rather spacious and in good order throughout with a new bathroom and recent kitchen, The long term tenant has kept this in great order.

Externally

Yard area to rear of 124 which is allocated to 124a , larger car parking area and yard to rear of 124/124a.

Notes

All plans and site plans are for purposes of identification and illustration only. Refer to the on line legal pack for the boundaries.

EPC Ratings

Available upon request.

Possession

120 and 124-124a are tenanted- lease details will be provided in the legal pack. Ground floor 122 vacant, tenant at 120 expressed interest in renting 122. 124 plus office space are tenanted- details to follow in legal pack. Income reported as £26,663 per annum.

Who, When, Where

Edward Mellor Auction
29th April 2020

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

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.

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

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Floorplan for Market Street, Hyde Floorplan for Market Street, Hyde

Auction Office

Borough Chambers
1 St Petersgate
Stockport
Cheshire
SK1 1EB

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