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Manchester Road, Bury, BL9

Guide Price
£160,000
Normie Sales & Lettings, North Manchester
PROPERTY TYPE

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Key features

  • Being sold via ‘Secure Sale’ online auction – Starting Bid £160,000
  • Fantastic commercial investment opportunity on Manchester Road, Bury
  • Current rental income of £13,000 per annum plus additional garage rental income
  • Approx. 509 sq ft (47.3 sq m) of internal space
  • Garage unit to the rear rented separately, generating extra income
  • Full Repairing and Insuring (FRI) lease in place
  • Immediate ‘exchange of contracts’ available

Description

Amazing Investment Opportunity – Manchester Road, Bury

Starting Bid: £160,000 | Well-Established Tenant | £13,000 per annum + Additional Garage Income | EPC Rating: C

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £160,000.

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

An amazing opportunity to purchase a commercial investment with a well-established tenant already in place. Situated on Manchester Road, Bury, the property is ideally located for access to Bury town centre, Pilsworth, Whitefield, and beyond, with regular bus services operating along Manchester Road.

This single-unit terraced property offers approximately 509 sq ft (47.3 sq m) of internal space and is let to a successful, long-standing beauty business. The tenant is on a five-year lease commencing 18th January 2021 and has occupied the premises for a number of years, offering an excellent level of security for any buyer. The current rental income for the is £13,000 per annum.

In addition, there is a garage to the rear, which are informally rented out separately and generates further income of £60 per month, enhancing the overall return on investment.

The property comprises:

  • Main Shop Area: 5.26m x 4.37m (17’3” x 14’4”)

  • Treatment Room: 2.32m x 1.73m (7’7” x 5’8”)

  • Treatment Room: 2.39m x 1.74m (7’10” x 5’9”)

  • Tanning Room: 3.40m x 1.43m (11’2” x 4’8”)

  • Tanning Room: 3.40m x 1.32m (11’2” x 4’4”)

  • Kitchen Area: 1.38m x 0.99m (4’6” x 3’3”)

  • WC: 1.61m x 1.33m (5’3” x 4’4”)

Additional benefits include layby parking to the front for customers and staff.

The property is held on a full repairing and insuring lease, ensuring a low-maintenance and attractive investment opportunity.

Rateable Value (2024): £3,850 per annum

Rates Payable: £1,921.15 per annum

(If this is your only commercial property and the rateable value is under £13,000, you could apply for 100% small business rates relief.)

This is a brilliant, ready-made investment in a highly accessible location with two separate income streams. Viewings are strictly by appointment through Normie Estate Agents.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with Normie Estate Agents on this online auction sale and are referred to below as ‘The Auctioneer’.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneer’s website.

Please be aware that any enquiry, bid, or viewing of the subject property will require your details being shared between the Marketing Agent and The Auctioneer to ensure all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and The Auctioneer and will typically be within a range of + or - 10% of the ‘Starting Bid’.

A Legal Pack associated with this property is available on request,containing details relevant to the legal documentation and enabling all interested parties to make an informed decision before bidding. It is strongly advised that you seek legal advice prior to bidding.

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. A non-refundable reservation fee of up to 6% including VAT (subject to a minimum of £6,000 including VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price.

Both the Marketing Agent and The Auctioneer may recommend third party services for which they may receive a referral fee. There is no obligation to use any of these recommended suppliers.

Manchester Road, Bury, BL9

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Whitefield Tram Stop0.6 miles
  • Radcliffe Tram Stop1.1 miles
  • Besses 'o th' Barn Tram Stop1.3 miles
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About Normie Sales & Lettings, North Manchester

503-505 Bury New Road, Prestwich, Manchester M25 1AD
Industry affiliations:

When it comes to local knowledge its comforting to know that we've been your local area's agent for over 38 years. You will always see us supporting local community events and sponsoring many initiatives based in our local community. All of our trained, expert staff live and work within the communities we serve.

We're proud to provide an honest, professional and effective sales and lettings service in the wider North Manchester area.

With a collective experience in excess of century, we're confident when we say there's not much that we haven't yet encountered and successfully solved for our clients. You'd be amazed where we see solutions when others simply see complications. 

We are immensly proud of our personalised sales progression service with a trend busting, massive success rate, that sees the majority of all the sales we agree, going through first time. We're here to save you time and money through our unique processes where we consistently add value whilst offering a friendly personalised service at all times. 

We offer the very best in maketing, service, technology, innovation and advice; all offered in our trademark friendly and often humorous style.

What you can expect from Normie & Company as standard:-

- You'll be treated with respect, integrity and with the highest levels of professionalism at all times. 

- Competent advice from specialists that live in your area. 

- Professional grade photography.

- The widest marketing package available to modern estate agents.

- Full exposure accross the leading portals and Social Media.

- A ready and waiting, fully maintained database of buyers and tenants.

- Fully accompanied viewings, seven days a week.

- The best use of modern technology and innovation to streamline and enhance your experience. 

Our offices are located conveniently on the border of Prestwich and Whitefield, so feel free to pop in at any time to discuss your home with one of our specialists. Maybe you've had some work recently carried out to your property, were thinking of extending or remortgaging and would like an up to date valuation? Give us a call, the advice and information that you receive is entirely free and without obligation, so what have you go to lose?

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 5ce13550-3310-45cb-be19-ea16a1312e9d. 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 Normie Sales & Lettings, North Manchester. 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 Normie Sales & Lettings, North Manchester on 020 3834 7844.

*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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