*For Sale By Online PublicAuction 22nd May 2024 10:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*
An End of Terrace Mixed Use Building Arranged to Provide a Ground Floor Retail Unit and a First Floor Flat Subject to a Tenancy Producing £7,200 Per Annum.
Tenure Virtual Freehold. The property is held on a 999 year lease from 25th March 1868 (thus approximately 843 years unexpired).
Location The property is situated on a mixed use road close to local shops and amenities. The open spaces of Central Park are within easy reach. Transport links are provided by Atherton rail station.
Description The property comprises an end of terrace building arranged to provide a ground floor retail unit and a first floor flat.
Accommodation Ground Floor Retail Unit
First Floor Flat Not Inspected
Accommodation Tenancy The property is occupied. The seller and the auctioneers have no further information with regards to any existing tenancy. Buyers must rely on their own enquiries. We believe that the property is subject to an lease for a term of 15 years commencing 12th December 2016 at a rent of £7,200 per annum.
Note The property has not been inspected by Auction House London. All information has been supplied by the vendor.
Note There are no internal viewings
Addendum Please note that this property is subject to a Buyers Premium of £900 inc VAT. This is in addition to the buyer's admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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