*Guide | £125,000 (plus fees)
- Retail Property (high street)
- Tenure: Leasehold. CH185133
Call the team on 01772 772450 for more information
Retail Investment – Producing £17,500 pa
Substantial three storey building currently let to Summit Leisure (Swinton) Limited company number 02581185, incorporated 8 February 1991 t/as Shaws Amusements. Accommodation The building extends to the following net internal floor areas (according to VoA): - Ground floor retail zone a - 41.3 m2 Ground floor retail zone b - 34.4 m2 First floor internal storage - 38.7 m2 Second floor internal storage - 38.2 m2 Total 152.6 m2 / 1,643 sq.ft. Lease The current lease is for 10 years from July 2023 until July 2033, with the current rent of £17,500 pa. the lease incorporates break clauses in January 2027 and 2030. Tenure The property is held by way of a new 125 year lease from Warrington Council at a rent of £1,750 pa plus VAT. The net rent produced is therefore £15,750 pa. Location Centrally located on the pedestrianised Horsemarket Street, close to Market Gate and Golden Square Shopping Centre. Tenure: Long Leasehold Title number: CH185133 (being renewed) Length of Lease/Term: 125 years Ground Rent : £1750 pa +VAT Local Authority: Warrington Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/
Tenure
Leasehold. CH185133
IMPORTANT INFORMATION
Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
Energy Efficiency Rating (EPC)
Current Rating B
Local Authority
Warrington Borough Council
Solicitors
Temple Bright, Ref: Temple Bright
Offered in association with
Sanderson Weatherall
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 2.75% inc VAT of the purchase price, subject to a minimum of £2750 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
