105 Railway Road, Leigh, WN7

Part Income Producing Mixed-Use Commercial and Residential Property Generating £9,300 Per Annum

Income Producing Mixed-Use Commercial and Residential Property Generating £9,300 Per Annum

Description
A mixed-use mid-terrace property providing tenanted ground floor retail unit with a tenanted self-contained 1-bedroom flat on the first floor accessed via a rear entrance.

Accommodation
Ground floor retail unit provides front and rear sales area with kitchenette and w.c. plus basement storage. The unit benefits from double frontage, electric security roller shutters and LED lighting.

We have not inspected the first floor apartment, however we are informed it comprises entrance hallway, 1-bedroom, lounge, kitchen and bathroom and benefits from self contained rear ground floor access and yard.

We have taken the Net Internal Areas from the Energy Performance Certificates as follows:

Ground floor: 122 sq m (1,313 sq ft)
First floor: 102 sq m (1,097 sq ft)

Location
The property is situated facing Railway Road, close to the junction with Thirlmere Street. To the west of the property lies Atherleigh Way (A579) and the Parsonage Retail Park with Leigh town centre located to the east.

Tenancies
Ground floor: Let to Cakes & Shakes Shop by way of 7 tear lease from March 2021 at £475 pcm (£5,700 pa). The lease incorporates a 3 year rent review and 12 month break clause.
First floor: Tenanted at £300 pcm / £3,600 per annum.

Total Rental Income £9,300 pa

Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure
See Legal Pack

EPC Rating: G

Additional Fees
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.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion