Lot
083
Auction Ends: 16/10/2024 14:06 - Bidding opens Tuesday 15th October 10:00 AM

Douglas House, 196 Belmont Road, Bolton, Lancashire, BL1 7AR

Property Details
Location
Description
A commercial investment opportunity currently generating a total of £20,040 per annum from 5 tenants. The property offers 5 suites used as commercial premises and is arranged over two storeys. Two tenants have given notice and are expected to vacate the premises in November and December 2024. As such, the property offers an opportunity to acquire an income-generating commercial premises that would benefit from some asset management to maximise returns.
Location
The property fronts Belmont Road (A675), in a corner position at its intersection with Douglas Street. Belmont Road meets the A58 to the south, leading to Bolton town centre which is approximately 2 miles to the south. The local area is of mix-use and is predominantly residential housing.
Accommodation
According to the EPC, the property has a 'useful floor area' of approximately 150 sq m (1,614 sq ft).
Tenure
The property is sold leasehold on a term of 999 years from 29 September 1900.
Tenancy

UnitRentLease Term
Suite 1£400pcm (£4,800pa)1st November 2023 - 31st December 2024
Suite 2 & 3£425pcm (£5,100pa)Notice given: vacating December 31st
Suite 4£220pcm (£2,640pa)Notice given: vacating November
Suite 5£300pcm (£3,600pa)No lease in place
Suite 6£325pcm (£3,900pa)1st November - 31st October: tenant holding over
Total£1,670pcm (£20,040pa)

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 15TH OCTOBER AND CLOSES ON WEDNESDAY 16TH OCTOBER.

3. Energy Performance Certificate = E.

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