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Lot 7

(GROSS YIELD 12.3%)
6 Week completion

SITUATION

Located close to the junction with Manchester Road with nearby occupiers such as Lidl, Coral, Morrisons, TSB, William Hill, and RBS.
Denton is a historic town in Manchester situated 5 miles east of the city centre benefitting from excellent road links being a few hundred yards from the M67 (Junction 1a) and under a mile from the M60 (Junction 24).

PROPERTY

A mid terraced building comprising a Ground Floor Shop with internal access to Ancillary/Storage at first floor level. In addition, the property benefits from use of a rear service road.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 14'11"
Internal Width 13'10"
Shop Depth 37'2"
Built Depth 56'9"
Sales Area Approx. 510 sq ft
First Floor
Ancillary/Storage Area Approx. 425 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to John Paul Wood t/a as Clarity's (Hairdressers having 2 branches) for a term of 15 years from 25th December 2008 at a current rent of £7,400 per annum exclusive.

Rent Review and Tenant's Break December 2018

Note: The Tenant did not operate his 2013 Break Clause.

*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.

23 Ashton Road, Denton, Greater Manchester M34 3LF