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Lot 2
16 King Edward Buildings, Bury Old Road, Salford, Manchester M7 4QJ

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ON BEHALF OF EXECUTORS
6 Week completion

SITUATION

Occupying a busy trading position opposite NatWest and TSB and amongst other such multiple retailers as Betfred, Santander, Card Factory, Ladbrokes and more, being within close proximity to the Cheetham Hill Shopping Centre.
The property lies approx. 2 ½ miles north of Manchester City Centre and benefits from good road links via the M62, M60 (Junctions 18) and M66 (Junction 4).

PROPERTY

A mid terrace building comprising a Ground Floor Shop and Basement with internal access to an Ancillary/Store on the first and second floors. In addition, the property benefits from a metal open tread staircase from the first floor leading to a Rear Yard.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 13'6"
Internal Width 13'2"
Shop Depth 32'2"
Built Depth 51'5"
WC
Basement 1 Room (max height 6'3'')
First Floor 3 Rooms Area Approx. 380 sq ft plus Kitchen
Second Floor 1 Room Area Approx. 140 sq ft

VAT is applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Akshar Rup Ltd (with personal guarantor) t/a Cake Box (see Note 1) for a term of 15 years from 6th August 2006 at a current rent of £9,000 per annum exclusive.

Rent Review August 2016 (not actioned)

Note 1: The tenant owns 2 of the 72 Cake Box franchise outlets - Visit: www.eggfreecake.co.uk

Note 2: £3,972 Rent Deposit held.

Note 3: The property is subject to a perpetual yearly rent charge of £7.

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.