Mixed use
Features and description
- Tenure: Leasehold (763 years remaining)
- For sale by live stream auction on tuesday 22 nd october 2024 at 12 pm
- Guide price £130,000+
- Three bedroom terraced
- Council tax band
- Epc rating: d
*GUIDE PRICE £130,000+
*Excellent investment opportunity*
Located in a most prominent postion in the heart of Horwich, these sizeable premises comprise a tenanted ground floor retail shop unit with ancilliary rooms on a five year lease from 1.8.24, currently producing a gross return of £10,200. Planning permission in place for change of use of the upper floors from residential and office space to form three self contained apartments together with erection of a second floor extension and new shop front installation (full details can viewed at Bolton Council Planning portal, ref;15879/23).
Forming part of a parade of shops on the ever popular Lee Lane close to many other retail units, cafes and free parking on Captain Street.
*We have only been able to inspect the ground floor of the premises*
Lease Length - 900 years from April 1888
Ground Rent - £8 as per the register
THERE WILL BE NO ACCESS BETWEEN EXCHANGE AND COMPLETION.
Rooms
ADDITIONAL INFORMATION
Tenure
Leashold
Disclaimer
Any information in relation to the length of lease, service charge, ground rent has been confirmed by our sellers. We advise buyers to make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.
Council Tax
Charges & Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT.
Disbursements
Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor's solicitor. For more details, please see the legal pack.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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