158 & 160 Bolton Road, 1A & 1B Louisa Street, Walkden, Manchester, Greater Manchester M28 3BW
- PROPERTY TYPE
Mixed Use
- SIZE
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Key features
- Mixed use investment property - No VAT Payable
- Fully let producing £28,330pa
- Two retail/commercial units
- One bed House/Flat
- Lock-up storage unit
Description
Substantial mixed use investment - fully let producing £28,330pa. Online auction 25th-26th May 2022
Mixed Use Investment Property – Fully Let Producing £28,330 pa
Description
Substantial mixed use investment property, briefly comprising two retail/commercial units fronting Bolton Road, together with a one-bedroom duplex flat/house and rear lock up storage unit. No VAT payable.
Tenancies
158 Bolton Road - mid terraced two storey property let out to a private individual (Barbers) by way of a 5 year business lease from 1st March 2022 at a rent of £9,600 per annum payable monthly in advance. In addition, the tenant is liable to reimburse the landlord the cost of insuring the building to full reinstatement value annually on demand.
160 Bolton Road - end terraced two storey property let out to That Burger Place Ltd with a guarantor by way of a 3 year business lease which commenced on 1st July 2020 at a current rent of £9,600 per annum payable quarterly in advance. In addition the tenant is liable to reimburse the landlord the cost of insuring the building to full reinstatement value annually on demand.
1A Louisa Street - two storey residential maisonette which forms part of the title of 160 Bolton Road. It is let out under a residential tenancy agreement which commenced on 1st August 2021 to a private individual at a rental of £5,040 per annum payable monthly in advance.
1B Louisa Street - single storey lock up unit used for the storage of furniture. It has been let to a private individual since 2020 and has just signed a new 3 year lease which commenced on 1st April 2022 at a rent of £4,090 per annum payable monthly in advance. In addition, the tenant is liable to reimburse the landlord the cost of insuring the building to full reinstatement value annually on demand. The total rent is £28,330 pa
Location
Prominently situated fronting Bolton Road (A575) in the centre of Walkden, opposite Ellesmere Shopping Centre, with occupiers including M&S Foodhall and Tesco.
Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
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.
Accommodation 158 Bolton Road –
Ground Floor – Barbers, Rear Kitchen/Staff and storage
First Floor – W.C., two storage rooms
160 Bolton Road –
Ground Floor – Customer Waiting Area, Serving Area, Commercial Kitchen, Preparation Area.
First Floor – Food Prep Area & W.C.
1A Louisa Street –
Ground Floor – Shower Room, Kitchen/Diner.
First Floor – Lounge and Bedroom
1B Louisa Street -
Open Plan Workshop/ Storage Unit
Tenure: See Legal Pack
EPC Rating: C, B, E, D
158 & 160 Bolton Road, 1A & 1B Louisa Street, Walkden, Manchester, Greater Manchester M28 3BW
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Walkden Station0.6 miles
- Kearsley Station1.5 miles
- Farnworth Station1.6 miles
Notes
Disclaimer - Property reference 202205091257sq_lso3. 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 House, Fulwood. 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 House, Fulwood on 01772 286883.
*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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