Commercial Property for saleCOLLINS BISCUITS, WATTS STREET, ROCHDALE, LANCASHIRE
Sold STC £130,000
- SUTTON KERSH ARE PLEASED TO OFFER FOR SALE BY PUBLIC AUCTION ON : Thursday, 15 December 2016
- LOT NUMBER : 15
- COMMERCIAL INVESTMENT CURRENTLY PRODUCING £19,800 PER ANNUM.
- Commercial Investment
- *GUIDE PRICE : £130,000 +
A commercial investment currently producing £19,800 per annum.
The property comprises of a single storey, L-shaped brick built commercial unit with parking. The unit is currently let to 2 separate tenants, Gaz's Autos by way of a 10 year lease until July 2021 at £12,000 per annum and Hand Car Wash by way of a 5 year lease until August 2019 at £7,800 per annum.
Please be advised there are no leases available.
Off Elliot Street which in turn is off Yorkshire street within walking distance to Rochdale Town centre.
Sale by way of Fixed Charge Receivers and contract will reflect the nature of the sale with no warranties or guarantees given by the Receivers in any report.
GUIDE PRICES & RESERVE PRICES
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
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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 Sutton Kersh Auction, Liverpool - Auction on 0151 207 6315.
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