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Lot 48

6 Week completion

SITUATION

Located opposite the junction with Cooke Street, adjacent to Barnardo's and amongst other such multiples as Lloyds, Barclays, Cancer Research UK and a host of local traders all serving the surrounding residential area.
Hazel Grove lies approx. 2 ½ miles south-east of Stockport, 9 miles south-east of Manchester and enjoys good road links via the M60 (Junction 1).

PROPERTY

A mid terrace building comprising a Ground Floor Shop with internal and separate rear access to a Beauty Salon/Treatment Area on the first floor. In addition, the property benefits from use of a rear service road.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 16'3"
Internal Width 14'10"
Shop Depth 42'3"
Built Depth 46'7"
WC
First Floor Beauty Salon/Treatment Area
3 Rooms & Hall/Sitting Area Approx 430 sq ft
Plus Kitchen & WC

VAT is applicable to this Lot

TENURE

Leasehold for a term of 2000 years from 24th June 1989 at a peppercorn.

TENANCY

The entire property is let on a full repairing and insuring lease to S. Kanhai as a Hair and Beauty Salon for a term of 10 years from 11th February 2014 at a current rent of £8,000 per annum exclusive.

Rent Review 2019

*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.

125 London Road, Hazel Grove, Stockport, Cheshire SK7 4HH