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 Buy It Now 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. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

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

• Buyers 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 Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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 (and any applicable Home Report for residential Scottish properties).

Immediate Purchase:

The property is available to purchase immediately at the available price listed on the lot.

In some exceptional circumstances there may be a delay in processing your registration. If this delay results in another person placing a successful offer, SDL Property Auctions are not liable to you for any loss of opportunity.