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Lot 9 Sold: £70,500

Auction: Wednesday 28th October 2020

234 Kings Road, Ashton-under-Lyne, Lancashire OL6 8HD

  • Photo1

Lot 9   Click here for addendum

Freehold Commercial Investment
Gross Yield 10.4%
6 Week Completion

Situation

Located close to the junction with Queen's Road in this mixed commercial and residential area nearby such multiples as Asda, Post Office, Coral and Best One Convenience Store and a variety of local traders, approximately 1 mile north-east of the town centre. Ashton-under-Lyne lies on the main A635 under 1 mile east of the M60 (Junction 23) and approximately 5 miles east of Manchester City Centre.

Property

An end of terrace building comprising a Ground Floor Fish and Chips Takeaway.

Accommodation

Ground Floor Takeaway
Gross Frontage 14'1"
Internal Width 13'0"
Shop Depth 16'10"
Built Depth 33'0"
WC

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to A. Boyko (Andy's Fish & Chips) for a term of 10 years from 25th September 2020 (renewal of a previous lease - in occupation for approx. 13 years) at a current rent of £5,200 per annum exclusive.

Rent Review 2025

Enquire about this lot:

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@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.