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Lot 14 Click here for addendum

6 Week completion

SITUATION

Forming part of a neighbourhood shopping parade, adjacent to Sayers and within the same parade as Boots and various local traders.
Urmston is a suburb of Manchester approximately 6 miles south-west of Manchester city centre and some 9 miles north-east of Warrington with good access via the M60 (Junctions 9 & 10).

PROPERTY

A mid terraced building comprising a Ground Floor Shop with internal access to a Flat at first and second floor levels. In addition, the property benefits from use of a rear service road for unloading.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 16'2"
Internal Width 15'0"
Shop Depth 29'0"
Built Depth 63'0"
WC
First and Second Floor Flat
5 Rooms, Bathroom, WC

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Martin McColl Ltd (having over 1,300 branches) (T/O for Y/E 29/11/15 £489.336m, Pre-Tax Profit £22.229m and Shareholders’ Funds £134.74m) for a term of 15 years from 8th September 2005 at a current rent of £10,500 per annum exclusive (see Note 1).

Note 1: The 2015 Rent Review has just been settled at £10,500 p.a. and the Vendor is awaiting the signed Rent Review Memorandum.

Note 2: The tenant did not operate its 2015 Break Clause.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,000 plus VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

173 Canterbury Road, Urmston, Greater Manchester M41 0SE