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Lot 23 Click here for addendum

6 Week completion

SITUATION

Located in a prominent trading position in this established retail thoroughfare at the junction with Dearden Street, adjacent to Yorkshire Building Society and amongst such multiples as Lloyds Pharmacy, NatWest, and Lloyds Bank.
Stalybridge is located some 8 miles east of Manchester City Centre and being within 3 miles of both the M67 (Junction 3).

PROPERTY

A corner property comprising a Ground Floor Shop and Basement with separate rear access to Self-Contained Offices on the first floor (see Note).
In addition, the property includes a Rear Car Park for 3 /4 cars.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 27'2''
Return Window Frontage 21'3''
Internal Width 21'3''
widening at rear to 24'6''
Shop and Built Depth 34'9''
Staff Kitchen & WC
Basement
Rear access to Store (not inspected)
Internal access to 2 Customer WCs
First Floor
Offices Area Approx. 675 sq ft
Kitchen/Lobby Area Approx. 115 sq ft plus WC

TENURE

Leasehold for a term of 2000 years from 14th July 1837 (having approx. 1821 years unexpired) at a fixed ground rent of £8.15 p.a.

VAT is applicable to this Lot

TENANCY

The entire property is let on a full repairing and insuring lease to William Hill Organization Ltd (having over 2,300 branches) (T/O for Y/E 29/12/15 £873.9m, Pre-Tax Profit £246.4m and Shareholders' Funds £206.9m) for a term of 10 years from 25th January 2016 (in occupation since 1990 - renewal of a previous lease) at a current rent of £13,250 per annum exclusive.

Rent Review 2021

Tenant's Break 2021 (Tenant to pay 3 month rent penalty if Break is operated).

Note 1: The tenant uses the first floor Offices to train staff for their branches in the Greater Manchester area.

*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 Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 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.

10 Melbourne Street, Stalybridge, Greater Manchester SK15 2JE