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Lot 9 Available £270,000

Auction: Thursday 16th May 2019

Unit 51 & Adjoining Land, Tonge Bridge Industrial Estate, Tonge Bridge Way, Bolton, Lancashire BL2 6BD

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Lot 9

Ground Rent Investment
6 Week Completion

Situation

Located in this industrial area just over 1/2 mile east from Bolton city centre.
Bolton is a major retail and commercial centre enjoying easy access via the M61 and M62 motorways,
some 10 miles north of Manchester.

Property

2 single storey warehouse buildings on a mainly rectangular site of approx. 30,056 sq ft (0.69 acres). In addition, there is a Rectangular Plot of land used for Storage.

VAT is NOT applicable to this Lot

Part FREEHOLD and part LEASEHOLD for a term of 999 years from 20th June 1872 at a peppercorn.

Note: Albion Etrusion paid £230,000 for the lease of Unit 51 in 2008.

Enquire about this lot:

Photo of John Barnett

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of Joshua Platt

Joshua Platt
020 8492 9449
jplatt@barnettross.co.uk

*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.