Lot
094
Auction: March 2024 Online Auction 27/03/2024 - Bidding opens Tuesday 26th March 10:00 AM

285-287 Chorley Road, Swinton, Manchester, Greater Manchester, M27 6AZ

Property Details
Location
Auction Details
Description
Prominently positioned mixed-use investment, currently producing £19,800 per annum.

The property forms part of a mid terraced retail parade with two bedroom flat and is of brickwork construction under a pitched slate roof.

The property provides accommodation on the ground floor which is mainly open plan, including two beauty rooms with staff toilets and kitchen to the rear. The ground floor is let on a new five year lease at a rental of £10,800 per annum with rent-review at the end of the third year. The first floor two bedroom flat has separate access from the rear and has now been let on a one year AST at £750 per calendar month.
Accommodation: Ground floor 753 sq.ft. approx. First floor Flat Not Measured
Location
The property is located in a prominent position on Chorley Road, on the outskirts of Swinton Town Centre. Swinton is approximately six miles North West of Manchester City Centre, and approximate five minute drive from the M60 connecting the whole of Greater Manchester. The parade is 0.2 miles from Swinton Square Shopping Centre, which includes tenants such as Boots, Asda, Greggs and Costa. The immediate vicinity is mostly residential.
Planning
Interested parties should consult direct with the Local Planning Authority: Salford City Council, Civic Centre, Chorley Road, Swinton, Salford, M27 5FJ. Telephone: 0161 793 2500. Email: planning.contact@salford.gov.uk
Tenancy
Lease Terms: Ground Floor - let on a new five year lease at £10,800 per annum on a full repairing and insuring lease. First Floor Flat - let on a new one year AST at £9,000 per annum. There is a rent-review at the end of the third year.
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. The property is entered in the 2023 Rating List as "Shop and Premises" with a Rateable Value of £5,800. The Rateable Value (RV) is not the amount payable.

4. Energy Performance Certificate = C.

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