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Mixed-Use Investment Opportunity Generating Approx £12,720 per annum
Comprising a tenanted ground floor retail unit and tenanted 1-bedroom self-contained flat above. The ground floor accommodation provides an open plan sales area with rear kitchenette and storage with rear external w.c. accessed via the rear yard. We have not inspected the first floor flat, however we understand the accommodation to provide lounge, kitchen, bathroom and 1-bedroom. Access to the flat is via a self-contained ground floor entrance on Glossop Terrace. Accommodation We have taken the Net Internal Floor Area from the VOA as follows: Retail Unit: 40.4 sq m (434 sq ft) Location The property is situated in a prominent position overlooking Hollinwood Avenue and Greengate Roundabout in the mainly residential area of Moston, approximately 5 miles North East of Manchester City Centre. Tenancy 448 Hollinwood Ave – Let to Bowman Travel on a rolling basis at approximately £660 pcm / £7,920 per annum. 8 Glossop Terrace – Let to a private individual on a rolling basis at approximately £400 pcm / £4,800 per annum. ***Please note that no viewings are available for the upper floor flat*** Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating D
Manchester City Council
Buyer’s Premium – £900 inc VAT payable on exchange of contracts.
Administration Charge – 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.
Referral Fees – We offer referred services via 3rd party suppliers which we believe you may benefit from in aiding the primary service we provide. You are under no obligation to use these services, and you should consider your options before accepting any third parties’ terms and conditions for which we are not responsible. On some completed transactions they pay referral fees to ourselves. These fees average £300 inc VAT.
Disbursements – Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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