Commercial Property

Income Producing Investment - £15,000 per annum. Ground floor retail unit which is occupied by a convenience store. The accommodation comprises a shop front, back room, office, kitchen area and WC. There is also parking to the rear. Location The subject property is situated on Bradshawgate a main road through Bolton Town Centre and close to many local amenities. Within walking distance to the Interchange. It is located in a mixed use commercial area incorporating a variety of occupiers such as professional offices, retail operators and leisure users. Lease Miller Metcalfe have been advised the lease is 5 years from 5th September 2024 at a current rent of £15,000 per annum, on a full repairing and insuring. Rent review every 2 years open market, upward only. Tenant and Landlord mutually have right to determine the lease on or after the 3rd year anniversary with notice. Rent deposit held of £3,750. The tenant has a 10 year franchise. Tenure Leasehold - Held on a 250 Year lease from 1st January 2014 at a ground rent of £250 p.a. Rent review linked to RPI on 1st July 2024 and every 5 years thereafter. Auctioneer comments This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.