Land/site to rear of 234 Mauldeth Road West , Withington , Greater Manchester M20 1BE
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- SIZE
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- SECTOR
Land for sale
Key features
- Tenanted Lock up Site Currently Producing £27,000 pa
- Potential for Alternative Uses or Development STP
- Potential to increase Rent
Description
Online auction 16th - 17th July 2024
Tenanted Lock up Site Currently Producing £27,000 pa With Potential for Alternative Uses or Development STP
The site is located to the side/rear of 234 Mauldeth Road, just off Princess Road/Parkway (A5103) one of the busiest arterial roads leading south from Manchester City Centre.
Currently the site is rented to a car sales pitch producing £27,000 per annum with a renewal due in six months.
We are advised by the owners that the rent can be raised to circa £35,000.
We are also advised that the lease falls outside of the LTA 1954, details of which will be provided in the legal paperwork.
The site may be suitable for redevelopment for commercial uses subject to the relevant permissions being obtained.
Tenure: long leasehold
Title number: MAN238120 (to be split out of this title)
Council Tax Band : n/a
Local Authority: Manchester
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: Leasehold
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.
Land/site to rear of 234 Mauldeth Road West , Withington , Greater Manchester M20 1BE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Withington Tram Stop0.6 miles
- Burton Road Tram Stop0.8 miles
- St Werburgh's Road Station0.9 miles
About Auction House North West, Commercial
14 St Marys Parsonage, Manchester, M3 2DF
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,
Notes
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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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