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Units 1-15, Urmston Shopping Centre Precinct, Higher Road, Urmston, Manchester, Lancashire, M41 9AB

Guide Price
£20,000

Business rates & charges may apply

Lambert Smith Hampton, Auctions
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SECTOR

Commercial property for sale

Key features

  • Freehold Ground Rent Investment
  • Comprising 17 Ground Rents
  • Producing a Rental Income of £5,301 Per Annum

Description

FOR SALE ON BEHALF OF THE JOINT LIQUIDATORS

For Sale by Public Online Auction on 28/02/2024 13:00

Location
The property is located in Urmston, Greater Manchester, approximately 1 mile southwest of the Trafford Centre. Nearby towns include Salford (2 miles), Stretford (2 miles) and Altrincham (8 miles). Road communications are good being located approximately 1 mile from Junction 9 of the M60 Motorway. The property is located on Atkinson Road at its junction with Station Road in an area considered as a secondary retail/leisure location.

Description
The property is dated, principally two storey local shopping parade being of brick cavity construction with partially painted concrete render finish beneath a flat roof. Elevations incorporate wood frame part single and part double glazed windows.

We have not inspected the property although understand it comprises 15 ground floor retail units each with internal access to ancillary accommodation at first floor level. The property also benefits from a rear service road for unloading and car parking.

Tenure
Freehold under Title Number MAN139907.

Tenancy
The sale comprises the purchase of the freehold title under Title Number MAN139907 comprising of 15 ground floor retail units with one first floor apartment (Apartment 9) which have all been sold off long leasehold on a variety of terms. The properties are mainly commercial premises (restaurants and beauty parlours) on the ground floor with one residential flat above. There is also an additional lease in respect of an Electricity Substation.

In addition, part of the title forms car parking spaces attached to the shopping precinct freehold. This is also subject to a formal lease, dated 1 July 2015 for a term of 20 years.

We understand, from the information we have been provided that the ground rent payable is £5,301 per annum.

A full rental schedule is available within the legal pack.

TBC

Refer to the legal documentation

Note
The pictures are for reference only and buyers are to rely on the title plans for clarification of what is being sold.

For further information please go to

Brochures

Units 1-15, Urmston Shopping Centre Precinct, Higher Road, Urmston, Manchester, Lancashire, M41 9AB

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Urmston Station0.1 miles
  • Chassen Road Station0.7 miles
  • Humphrey Park Station1.1 miles

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 235697. 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 Lambert Smith Hampton, Auctions. 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 Lambert Smith Hampton, Auctions on 020 3834 8766.

*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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