5 & 5a Marsland Road, Sale, Greater Manchester M33 3HP

Online auction 16th - 17th July 2024

Hot food takeaway with self-contained flat over – fully let producing £26,100pa increasing to £27,300 pa (Oct 24)

Two storey mid terrace property briefly comprising ground floor hot food takeaway with first floor two bed self-contained flat.

Situated on a busy main road in Sale located in a parade of shops with parking to front.

We have not inspected the property internally but are advised that it comprises:
Retail unit.
Retail Zone A, Retail Zone B, kitchen, internal storage and staff toilets
First Floor: internal storage rooms, kitchen, staff toilets.
Internal area circa 115 SQ M
RV £10,000 PA
First Floor: Flat assumed living room, kitchen, two bedrooms, bathroom. 68 SQM (Source EPC)

The retail unit is let to a limited company with guarantor from 8/11/2023 until 31/10/2033 current rent payable up to 31/10/2024 is £1,250 pcm (£15,000 pa). The rent is to increase to £1,350 pcm / £16,200 pa on 31/10/2024. The lease also incorporates a rent review on 30/10/2025 and a landlord break clause on 30/10/2028.
A deposit of £2,700 was paid.

The flat is leased on a 12-month AST from 6/05/2024 paying £925 PCM (£11,100 pa)

The total rental income is currently £26,100 pa rising to £27,300 on 31/10/2024.

Tenure: freehold
Title number: MAN209017 (to be split from)
Council Tax Band : deleted (prev A)
Local Authority: Trafford

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

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

Tenure: Freehold

EPC Rating: Shop: D - Flat: C

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.