Lot
027
Auction Ends: 27/03/2024 11:45 - Bidding opens Tuesday 26th March 10:00 AM

109 -111 Blackburn Street, Radcliffe, Manchester, Lancashire, M26 3WQ

Property Details
Location
Description
A mixed use investment opportunity comprising a ground floor retail unit extending to approximately 111Sq M (1205 Sq Ft) and let by way of an initial 5 year lease at £10,000 per annum with approximately 4 years unexpired. The upper floors are arranged as 2 self contained flats which are both currently let at a combined total of £14,100 per annum. The total rent details £24,100 and would make an excellent purchase for a local investor.
Location
The property fronts onto Blackburn Road (A665) on the outskirts of Radcliffe Town Centre. The immediate surrounding area is a mixture of residential and retail properties The nearby larger towns of Bolton and Bury provide further amenities and facilities whilst Manchester City Centre sits 8 miles to the south well served by public transport.
Accommodation

Pugh & Co haven't inspected the property internally and the following accommodation details have been provided by the joint agent;


Ground Floor (shop)111.92 Sq M (1205 Sq Ft)
First Floor (Flat 109a)75.31 Sq M (811 Sq Ft)
Second Floor (Flat 111a)65.59 Sq M (749 Sq Ft)

Tenancy

109-111 (ground floor) is let to Bury Hospice on a 5 year lease lease commencing 6th January 2023 at £10,000 per annum. Bury Hospice has 9 branches in the local area and showed £3.9million in turnover year end 2023. 

Sources

https://www.buryhospice.org.uk/shops



 https://register-of-charities.charitycommission.gov.uk/charity-search/-/charity-details/5010703/charity-overview


109a (first floor flat) is let on an initial 6 month AST dated 16.02.2021 at a new rent of £550pcm (16.07.2023)


111a (second floor flat) is let on an initial 6 month AST dated 2.9.2022 at £625pcm

Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 26TH MARCH AND CLOSES ON WEDNESDAY 27TH MARCH.

3. Energy Performance Certificate = D.

Our Nearest Office

Manchesterresize 600x300

Manchester

Joint Agent

WT Gunson
Contact: Neale Sayle

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