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Lot 40

Gross Yield 12.1%
6 Week Completion

Situation

Occupying a prominent trading position in this part pedestrianised section of the town centre, nearby the Market Place Shopping Centre and amongst such multiples as Boots, Caffè Nero, Co-op Bank, Debenhams, Next, Halifax as well as a host of local traders.
Bolton is a major retail and commercial centre enjoying easy access via the M61 & M62 motorways, some 10 miles north-west of Manchester city centre.

Property

Forming part of a retail parade comprising a single storey Ground Floor Shop with A3 & A5 Use.

Accommodation

Ground Floor Shop
Gross Frontage 15'9”
Internal Width 14'1”
Shop & Built Depth 20'7”
WC

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 4,900 years from 5th December 1893 at a fixed ground rent of £15 p.a.

Tenancy

The entire property is let on a full repairing and insuring lease to Mr & Mrs El-Nawairi as a Take-Away (visit: www.nedsbolton.co.uk) for a term of 6 years from 21st March 2017 at a current rent of £7,280 per annum exclusive.

*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.

32 Bath Street, Bolton, Lancashire BL1 2DJ