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Hartford House, Weston Street, Bolton, Greater Manchester BL3 2AW

Guide Price
£1,600,000

Business rates & charges may apply

Auction House North West, Commercial
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SECTOR

Commercial property for sale

Key features

  • Multi-Let Mill and Industrial Complex
  • Currently producing £201,013.46 pa
  • Potential To Increase
  • Refurbishment & Asset Management Opportunities

Description

Online Auction - 14th to 15th May 2024

Multi-Let Mill and Industrial Complex – Currently Producing £211,013.46 pa – With Potential To Increase

Substantial multi-let industrial and mill complex, briefly comprising a mainly four storey mill building which has been subdivided into lettable units plus a single storey detached building to the front and a more modern single storey terrace of industrial units to the side with on site parking in the centre.

Tenancies
As at April 2024, the complex is let and producing a rental of £211,013.46 pa. The rentals could be significantly increased by asset management, refurbishment and further lettings of the vacant units.
We are informed that the landlord charges the tenants as standard (on the majority of units) 35p per sqft service charge, 35p per sqft for building insurance and 4p per sqft for water.

Please see tenancy schedule contained in the legal pack for the latest position.

Location
Hartford House/Works is situated off Weston Street via a gated entrance and shared service area. The works are conveniently positioned approximately ½ a mile west of St Peter's Way (A666) dual carriageway which connects onto the M61 approximately 2.5 miles to the south and half a mile south of Bolton town centre.

Tenure: Freehold & Leasehold
Title number: GM734707 (freehold, part only), LA356710 (leasehold)
Council Tax Band : n/a

Local Authority: Bolton

Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip

IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

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

Tenure: Freehold

Administration Fee: 1.98% inc VAT of the purchase price, subject to a minimum of £1980 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.

Hartford House, Weston Street, Bolton, Greater Manchester BL3 2AW

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bolton Station0.6 miles
  • Moses Gate Station1.0 miles
  • Farnworth Station1.7 miles

About Auction House North West, Commercial

14 St Mary’s Parsonage, Manchester, M3 2DF

Auction House North West, Commercial

At Auction House North West we sell from a diverse catalogue, offering specialist advice both in the residential and commercial sectors. We provide unrivalled coverage of the North West region with active offices in both Manchester City Centre and Preston.

The creation of 'Auction House North West' is testament to the direct demands of North West Investors, who are constantly seeking speedy and transparent options to both purchase stock and dispose of their existing property portfolios,

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Notes

These notes are private, only you can see them.

Disclaimer - Property reference 202404231637sq_lkei. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House North West, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House North West, Commercial on 0161 524 6307.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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