For sale by Unconditional Online Auction.
A substantial, mixed use property in Radcliffe, Bury, producing £22,620 per annum.
This is an excellent investment opportunity comprising an extensive, end terrace prominently positioned on Dumers Lane, Radcliffe. The property includes a ground floor commercial premises, currently operating as funeral directors with residential accommodation above.
We are informed by the seller that the funeral parlour is let for five years at £1,390 per calendar month and the flat is let at £495 per calendar month giving a combined monthly rental income of £1,885. Currently there is no separate access to the residential accommodation above.
The property offers spacious accommodation and remains in good condition throughout with gas central heating and double glazing. Situated just over one mile from Radcliffe town centre and just over two miles from Bury town centre, the property is well placed for access to all necessary amenities and services including shopping facilities and transport links. There is an abundance of popular bars and eateries nearby and plenty of outdoor spaces such as Close Park and Springwater Park. The property is conveniently placed for access to the A56 which connects directly to the motorway network. There are also bus services surrounding the property and train services operating nearby.
Room One 52.5 sqft
Room Two 56 sqft
Room Three 21.58 sqft
Room Four 21 sqft
Room Five 409 sqft
Room Six 111.3 sqft
Room Seven 26.58 sqft
Room Eight 208.26 sqft
Room Nine 55.57 sqft
Room Ten 20.32 sqft
Room Eleven 52.50 sqft
Total 1,226.9 sqft
Draft Sales Details These sales details are awaiting vendor approval.
Note We have not been provided with leasehold information. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Tenure: Leasehold
EPC Rating: D
Terms:
Auction Details:
The sale of this property will take place on the stated date by way of Timed Auction and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.