For sale by auction on Wednesday, 15 May 2024 at 12:00

Venue: Online Auction

Comprising two adjoining / interconnecting modern industrial units totalling approximately 7,882 sq.ft. (732 m2).

The units are of steel portal frame construction incorporating open plan warehouse with partitioned offices and ancillary with part fitted with a mezzanine floor. Access is via roller shutter loading doors to the front via the communal gated yard area.



Tenancy

Currently let to Direct Linen with approximately 6 months remaining on the lease. The current rent is ?43,750 per annum (?5.55 psf); however the rent appears to be below market rent.

We have been informed that the tenants intend vacating the unit at the end of their lease. Thus the units could be of interest to owner occupiers or investors alike.



Conveniently located fronting Bradford Road close to one of the main entrances to the new Co-op Live Arena and within a few hundred meters of the Etihad Campus (Manchester City FC).

Manchester City Centre is located approximately 1 mile to the west.





Tenure: freehold

Title number: MAN136855

Council Tax Band: n/a

Local Authority: Manchester



Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

IMPORTANT INFORMATION
Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.



Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.



Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Viewings

Additional Fees
Administration Charge - 1.98% inc VAT of the purchase price, subject to a minimum of ?1980 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.