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Lot 13

Freehold Commercial Investment – Gross Yield 12.7%
6 Week Completion

Situation

Located on the corner with Baguley Street in the town centre, close to The Droylsden Centre housing branches of Iceland, Home Bargains and Poundland and nearby branches of William Hill and Greggs and a variety of independent traders.
Droylsden is a popular suburb located less than 4 miles to the east of Manchester City Centre.

Property

A corner building comprising a Ground Floor Take-Away with internal and rear access to Ancillary Accommodation on the first floor.

Accommodation

Ground Floor Take-Away
Gross Frontage	18'0"
Internal Width	16'3"
Shop & Built Depth	33'6"
First Floor Ancillary
2 Rooms, Kitchen, Shower/WC
GIA	Approx. 472 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to Hanina Spicy Foods Limited t/a Malik's Pizzario (with Guarantor) for a term of 7 years from 20th May 2025 at a current rent of £12,740 per annum exclusive.

Rent Reviews 2028 & 2031

Note 1: The first floor is currently being used as a flat.

Note 2: The Advertising Hoarding attached to the flank wall of the property has been sold off on a lease for 999 years at a peppercorn ground rent.

*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 £1,500 including 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.

174 Market Street, Droylsden, Greater Manchester M43 7FG