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Lot 9 Click here for addendum

Leasehold Investment – Shop & Flat
Gross Yield 12.1%
6 Week Completion

Situation

Located just off the main A573 High Street within this established parade, adjacent to a Post Office, near to a Betfred and being amongst a host of local traders.
Golborne lies approx. 5 miles south of Wigan and 16 miles west of Manchester and is accessible via the M6 (Junction 23).

Property

A mid terraced building comprising a Ground Floor Takeaway with separate front access to a Self-Contained Flat at first floor level. In addition, the property includes a Rear Yard and a Basement Cellar (see Note).

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 900 years from 30th September 1938 at a fixed ground rent of £1.50 p.a.

Note: The Basement Cellar (not inspected by Barnett Ross) is vacant and we understand it is accessed from the rear yard.

*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.

34/34a Heath Street, Golborne, Lancashire WA3 3AD