190-194 Stockport Road, Timperley, Altrincham, Greater Manchester WA15 7UA

Online auction 12th - 13th November 2024

Mixed Use Investment Property Currently Producing £72,140 pa – May Suit Development / Conversion (STP)

Substantial mixed use property, briefly comprising a detached building to the right-hand side and pair of semi-detached properties to the left. To the rear is a covered storage/display area.

The property provides a ground floor pet showroom with 3no. flats (1 x 2 bed, 1 x 2/3 bed & 1 x 3 bed) mainly to the upper floors.

The site area extends to approximately 775 m2 / 0.19 acres.

The whole is considered suitable for re-configuration and / or short/mid term redevelopment, subject to the required consents being obtained.

Tenancies & Accommodation
The property is currently let as follows:-
• Ground floor (190-194) pet shop – let to a limited company by way of an excluded lease, due to expire on 29 January 2026. The passing rent is £50,000pa.
Comprising :-
Showroom - 379.91 m2 / 4,089 sq.ft.
basement storage – 92.3 m2 / 934 m2
external storage – 91.93 m2 / 994 sq.ft.
first floor external storage - 99.65 m2 / 1,073 m2

• 190a – 3 bed flat let at £795 pcm
Comprising ground floor: entrance hall; first floor: rear kitchen/diner with access to roof terrace, separate W.C., front lounge; second floor: bedroom 1, bathroom, bedroom 2 and bedroom 3 (en-suite)

• 192a – 2 bed flat let at £425 pcm.
Comprising ground floor: entrance; first floor; kitchenette, separate W.C, bedroom 1, bathroom with 4 pc suite, kitchen/diner/lounge; second floor: bedroom 2 / loft room.

• 194a – 2-3 bed flat let at £625 pcm
Comprising ground floor: entrance hall, dining room, lounge, kitchen and utility; first floor: bathroom with 4 pc suite, bedroom 1, bedroom 2; second floor: bed 3 (needs refurb). This flat also benefits from a garden to the rear.

The residential tenants have been in occupation a number of years (2012, 2015 and 2021) with the rents not being reviewed during this time.

In total the passing rent is therefore £72,140pa.

Location
Prominently positioned on the south of Stockport Road (B5165) opposite the junction with Bloomsbury Lane approximately 1.5 miles east of Altrincham centre.

Tenure: freehold
Title number: GM531166
Length of Lease/Term:
Ground Rent : £
Service Charge: £
Council Tax Band : A
Local Authority: Trafford

Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.

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.

Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure: Freehold

EPC Rating: 190a & 194a - E, 192a - D, Shop - to follow

Administration Fee: 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.