34-38 Great Moor Street, Bolton, Lancashire BL1 1NJ

A freehold investment opportunity in Bolton town centre, generating rental income of £35,000 per annum, with prior approval granted for the conversion of the upper floors into five apartments.

No. 34: lease expires 30 Jun 2032, with a review on 1 Jul 2028. Current rent is £12,000.
No. 36: lease expires 30 Jul 2031, with a review on 31 Jul 2028. Current rent is £10,000.
No. 38: lease expires 5 Jan 2030, with reviews on 6 Jul 2027 and 6 Apr 2028. Current rent is £13,000.

The property comprises three ground floor commercial units, all subject to occupational leases. The approved drawings for the upper floors show five apartments, each comprising an open-plan living space, separate bedroom and bathroom.

The property offers investors the opportunity to acquire income-generating premises with scope to add value through the approved residential conversion.

For any pre-application advice, interested parties should consult directly with the Local Planning Authority: Bolton Council, Development Management, Town Hall, Bolton, BL1 1RU. Telephone: 01204 336 000. Email: [email protected]

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.8% inc. VAT of the purchase price (subject to a minimum of £2,400 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.