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COMMERCIALSOLD STC

14 - 16 The Rock, Bury & 1 Crompton Street, Bury - Income Of £65,000 PA

Guide Price
£500,000
Auction Agent, Bury
PROPERTY TYPE

Commercial Property

SIZE

Ask agent

Key features

  • - 14 The Rock, 16 The Rock, 1 Crompton Street & 1a Crompton Street
  • - Tenants In Place Paying £65,000 + VAT P.A.
  • - Ideal Buy To Let With Immediate Income
  • - 13% Return Based On The Lower Guide Price
  • - Located In Bury Town Centre
  • - Opposite The Parish Church, Close To Millgate Shopping Centre

Description

For sale by online auction starting on Wednesday 8th June 2022, bidding will be on the Auction Agent website. An ideal buy to let investment located on The Rock in Bury town centre. The building comprises four rented spaces with a combined rent of £65,000 per annum. The let units are an escape room which has a lease of £21,000 PA which has just been renewed for a further five years, a cafe with a rent of £18,000 PA which is for ten years from May 2013, a vape shop with a rent of £17,000 PA with a five year lease from May 2019 and a hearing centre on a rent of £9,000 PA with a five year lease from May 2019. For full details on the tenancy agreements please see the legal pack. The building is located opposite the Parish Church in Bury, with a good selection of other shops, bars, restaurants and offices close by. This lot offers an excellent investment opportunity for a buy to let investor.Please note that the purchase price is subject to VAT and the rents are also plus VAT. Guide Price £500,000 - £600,000. For viewings please contact Auction Agent. Buyers are advised to check the legal pack before bidding for details on the lot and fees, this will be available on the Auction Agent website once received. Buyers are also advised to check the website for any updates on the lot before the auction.

14 The Rock

Currently let at £17,000 + VAT P.A. with an agreement in place for 5 years ending May 2024. For full details please see the legal pack.

Shop Floor - 8M X 4M
Rear Hallway
Cellar Room 1 - 5.6M X 4.2M
Cellar Room 2 - 4.1M X 3.5M
Cellar Room 3 - 5.7M X 5M
W.C.

16 The Rock

Currently let at £18,000 + VAT P.A. with an agreement in place for 10 years ending June 2023. For full details please see the legal pack.

Shop Floor - 12.28M X 5M
Kitchen - 4.5M X 1.5M
W.C.

1 Crompton Street

Currently let at £9,000 + VAT P.A. with an agreement in place for 5 years ending May 2024. For full details please see the legal pack.

Entrance Area - 4.7M X 4.35M
Inner Hallway
Office - 3.5M X 3.5M
Cellar Hallway
Cellar Room 1 - 3M X 2.5M
Cellar Room 2 - 3.5M X 2M
W.C.

1a Crompton Street

Currently let at £21,000 + VAT P.A. with an agreement in place for 5 years ending 2027. For full details please see the legal pack.

Ground Floor
Entrance Hallway

First Floor
Landing
Room 1 - 4.3M X 3M
Inner Landing
Room 2 - 3.32M X 3.15M
Room 3 - 14M X 3.5M
Room 4 - 3.6M X 3.5M
Inner Landing
Kitchen - 4.2M X 1.9M
Room 5 - 4.33M X 2.7M

Second Floor
Landing
Room 1 - 7.2M X 3.4M
Inner Hallway
W.C. 1
W.C. 2
Inner Hallway
Room 2 - 3.2M X 2.7M
Room 3 - 5.1M X 4.5M
Inner Hallway
Room 4 - 4.5M X 3.5M
Room 5 - 4.1M X 3.3M
Room 6 - 4.3M X 4.2M

Externally

Two parking spaces & bin storage.

Location

The building is located in Bury Town Centre, fronting on to The Rock opposite Bury Parish Church. It is located a short walk from The Millgate shopping centre and Bury Market.

Brochure Prepared

14th April 2022

Tenure

See legal pack

Solicitor

Farnworth Rose

Brochures

Property BrochureFull Details

14 - 16 The Rock, Bury & 1 Crompton Street, Bury - Income Of £65,000 PA

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bury Interchange Tram Stop0.1 miles
  • Bury Station0.2 miles
  • Radcliffe Tram Stop2.4 miles

About Auction Agent, Bury

2 Mason Street, Bury, BL90RH

Auction Agent offers a fresh and dynamic approach to the property auction industry. We pride ourselves in customer service excellence as well as our extensive experience within the property industry, from which we have accumulated a vast amount of regional knowledge.

Our team can provide a comprehensive and professional service to vendors and buyers alike. The auction method has increasingly become the preferred method of buying or selling property and land, ensuring a fast and efficient process, within realistic timescales.

Auction Agent adopts a traditional auction-based system, that accommodates both in-person and by-proxy bidding for a wide range of property values and types. We are specialists in the sale of both residential and commercial properties and land ? including those suitable for investment or development, tenanted or vacant.

We offer services including ? but not limited to ? valuation, property project feasibility studies, planning permission advisory, property consultation, and property related legal and finance advisory. We also offer a professional and sympathetic probate service, working with our clients to ensure the best possible outcome.

The core management team is comprised of highly educated and qualified individuals from various fields with a combined experience of over 50 years, who have dealt with a wide range of clients from private individuals to corporate clientele as well as local councils and receivers.

Auction Agent understands the frustrations, complications and worries of both buyers and sellers. Furthermore, we have implemented a comprehensive customer relationship management system to ensure our company has a strict continuous improvement process in place. Many of our management decisions are influenced by customer feedbacks that we receive. Our clients? success is our success. Auction Agent has, therefore, vowed to combine our experience, knowledge, and expertise to help investors from all walks of life in making successful investments. We deeply value our corporate responsibilities as well. Auction Agent is a regular donor to local social enterprises and humanitarian aids.

Based in Rossendale in Lancashire, west of the Pennines, Auction Agent is well situated to cover the whole of the North West and Yorkshire. Our regular auctions throughout the year ensures maximum exposure for all properties sold through our platform.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 11474906. 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 Agent, Bury. 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 Agent, Bury on 01706 335863.

*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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