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Commercial Property for sale

136-138 Market Street, Hyde

Removed 219 sq. m. | £145,000

Property Description

Commercial information

  • 2,365 sq ft (219 sq m)

Full description

Tenure: Freehold

LOCATION
SK14 1EX

DESCRIPTION
FOR SALE BY MODERN METHOD OF AUCTION: STARTING BID £145,000 PLUS VAT PLUS RESERVATION FEE: We are pleased to offer this excellent commercial property investment opportunity situated in Hyde´s busy Market Street retail area. Close to the busy junction with Union Street guaranteeing maximum local exposure. This substantial property, formerly the well known Cheshire Cheese public house, has been converted into three separate units which are all currently tenanted to provide an investment return from the word go.The property now comprises of two ground floor units, one of which is trading as a restaurant and takeaway covering approximately 815 sq feet, while the other is set up to trade as a retail clothing outlet covering approximately 774 sq feet. On the first floor is a spacious unit which is[has] currently functioning as a recreational facility complete with bar/refreshment area covering approximately 1,615 sq feet. Beneath the property is a spacious basement area which provides generous storage facilities and on the outside is an enclosed yard area to the rear.

ACCOMMODATION
136
Ground Floor Retail Zone A 34.98
Ground Floor Retail Zone B 26.04
Ground Floor Retail Zone C 2.52
Internal Storage 12.26 Total 75.80 sq m

138
Ground Floor Retail Zone A 34.00
Ground Floor Retail Zone B 37.57
Ground Floor Retail Zone C 0.39 Total 71.96 sq m

FF 138
Community Centre 121.68
Public Toilets 6.59
Changing Rooms 10.90
Toilets 9.42
Internal Storage 1.50 Total 71.963 sq m

AMENITIES
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer’s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department.
Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid. Both the starting bid and reserve price can be subject to change. Terms and Conditions apply to the Modern Method of Auction, which is opperated by the Lancashire Property Auction powered by Iam-sold Ltd

To view or make a bid contact Kirkham Property or visit www.kirkham-property.co.uk

OUTGOINGS
Through enquiries with the Valuation Office Agency website it is noted that the property attracts a Rateable Value in the 2010 Ratings List- 136 is £7,400, 138 is £7,900, FF 138 is £8000. Please note the Rateable Value is not what you pay.

VAT
The above amounts are exclusive of, but may be liable to VAT. Each party must satisfy themselves independently to the occurrence of VAT in this instance.

OTHER
136 Market St-Annual rent is £6000
138 Market St-GF-Annual rent is £6000
138 Market St-FF-Annual rent is £6000

EPC Rating for 136 is C
EPC Rating for 138 is D

• Excellent Investment opportunity
• Busy town centre location
• Spacious ground and 1st floor units fully let
• Ample basement storage area

For Sale by Auction-T & C Apply
Subject to Undisclosed Reserve
Reservation Fee Applicable
The Modern Method Of Auction
View, Bid, Buy.

VIEWING
Strictly by appointment with the agent; Kirkham Property, 509 Middleton Road, Chadderton, Oldham, OL9 9SH. Please call 0161 925 3759 or email kath@kirkham-property.co.uk


More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

Disclaimer - Property reference 100662022525. 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 Kirkham Property, Chadderton - 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.

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*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.”

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 Kirkham Property, Chadderton - Commercial on 0161 925 3759.


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