Wilson Peacock

85 Market Street & 2a Melbourne Street, Stalybridge, Cheshire, SK15 2AA

  • Unconditional Online Auction Sale
  • Guide Price * : £200,000 Plus fees

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This property remains available and open to offers following the auction on 26 May 2022.
Please contact the auctioneers on 0800 046 5454 for further details.

  • Mixed use property prominently situated in Stalybridge town centre currently producing circa £32,000 per annum
  • Ground floor commercial unit generating £714.00 per calendar month
  • HMO spread over three floors generating £1945 per calendar month
  • EPC Ratings: C and E

Property Description

Town centre commercial premises and adjoining HMO, let producing circa £32,000 per annum.

Town centre commercial premises and adjoining HMO, let producing circa £32,000 per annum.

The property is prominently positioned on the corner of Market Street and Melbourne Street in Stalybridge town centre. Locally the property is serviced by all necessary shopping and leisure amenities and sits approx. 2.5 miles east of junction 23 of M60 motorway and eight miles east of Manchester City Centre.

To the ground floor, the commercial unit is occupied by a well-established dog grooming business producing £714.00 per calendar month. The HMO is arranged over three floors and offers modern accommodation to professional tenants and is currently producing £1,945 per calendar month. We have not been provided with a copy of the HMO Licence. Buyers are to rely on their own investigations in this respect.

The leasehold is 999 years on the lease which started in 1831. The annual ground rent is £8. Buyers are to note that a copy of the Lease is not available at the Land Registry. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Please note: The full address of the auction property(as it is a corner plot) is 85 Market Street, Stalybridge, SK15 2AA and 2A Melbourne Street, Stalybridge, SK15 2JE. 2A Melbourne Street was a new address added in April last year due to the renovation of the first and second floors and a small area of the ground floor. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Ground Floor Dog Groomers: Reception area, grooming area, staff WC.

HMO: Communal kitchen and basement space with storage chambers and lounge area.
First Floor Room 1 with en suite shower room. Let at £500 pcm.

Room 2 with en suite shower room. Let at £475 pcm.

Room 3 with en suite shower room. Let at £495 pcm.
Second Floor Room 4 with en suite shower room. Let at £475 pcm

Tenure: Leasehold

EPC Rating: C and E

Terms:
Viewings:
To book a viewing, please contact SDL Property Auctions to arrange.
Auction Method:
The auction for this property will take place as an “Auction Event” behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely please see the below section on “Registration Process”. The auction can be watched in real-time on the auction date through SDL Property Auctions’ website on their home page.
The auction date applicable for the property is displayed underneath the property description. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Property Auctions’ Buyers Terms (England & Wales) which are available on SDL Property Auctions website.

Auction type- Unconditional with Variable Fee:
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 15 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.

Auction Fees:
The following non-refundable fees apply:
Buyer’s Fee- payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Buyer’s Fee is subject always to a minimum fee of £6,000 (including VAT). 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 Special Conditions carefully before bidding. Any additional fees are included at the seller’s discretion, not on the instruction of SDL Property Auctions, and will be in addition to any fees payable to us. SDL Property Auctions has limited control over the content of the Special Conditions of Sale.

Deposit:
On exchange of contracts, you must pay a non-refundable deposit equal to 5% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.

Payment Method:
Applicable fees must be paid immediately after a winning bid has been placed. Payment by cash or cheque will not be accepted. Prior to the auction, you will receive an email from the auctioneer to register your card details with third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by a representative of the auctioneer to make payment. If you cannot be contacted within 24 hours after the auction ends, the auctioneer reserves the right to charge your card.

Legal Pack:
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
The legal pack can be viewed on SDL Property Auctions website by searching for the property. On the property details page there is a sub-heading “Legal Packs”. Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.

Special Conditions of Sale:
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Property Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.

Registration Process:
To register to bid on the property, visit the SDL Property Auctions’ website and submit your remote bid. The lot number can be found against the Lot Details of the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut-off, it cannot be guaranteed that your registration will be processed.

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