For Sale by public auction on Monday 3rd June 2024 at 6.30pm. The Double Tree by Hilton Hotel, Festival Park, Stoke-on-Trent, ST1 5BQ. Live online bidding available.
A mixed use property which would suit investors or owner occupiers alike. The property consists of a ground floor retail unit, rear workshop / retail, 2 bedroom first floor flat, which has been well maintained and benefits from double glazing, and gas central heating to the flat. There is a side area with potential parking for 3 vehicles.

Description:

A spacious and well presented mixed use property which would suit owner occupiers or Investors. The property is located on a busy road and benefits from a front retail unit, rear store/workshop, two bedroom first floor flat and driveway to the side which has previously accommodated upto 3 vehicles. The flat has been let for a number of years at £595 pcm but a figure of £725 pcm has been suggested as more realistic. The ground floor retail was previously let at £750 pcm and the workshop/ rear retail at £250 pcm, which could bring total income of £20,700 per annum. The Flat and retail unit are on separate meters with the workshop on a submeter connected to the ground floor retail supply.

Location:

Manchester Road A559 runs from Northwich town centre and joins A556 leading to Knutsford Service station and J19 of M6. The road is a mixture of residential and commercial with a new housing estate being built at present. Local railway stations at Northwich and Lostock Gralam are within a few minutes drive, as are major retailers such as B&Q, Currys, Costa, Travelodge, local vets and convenience store.

Accommodation:

Front retail : 467 sq ft (43.34 sq m)
Kitchen : 65 sq ft (6.07 sq m)
W.C

Rear retail / store : 189 sq ft (17.54 sq m) inc w.c.

First Floor Flat (not inspected)
Consists of open plan lounge/ kitchen, 2 bedrooms one with en-suite and a bathroom and roof terrace area.

Total (estimated) : 1,187 sq ft (110.29 sq m)

Services:

All mains services are available subject to any reconnection which may be necessary.
The ground floor units benefit from electric supply to the front unit with a sub-meter to the rear unit. No gas is currently connected.
The flat benefits from its own electric supply and gas supply.

Rating:

The VOA website advises the rateable value for the former Barbers known as 204 Manchester Road for 2023/24 is £5,600. The rateable value for the rear unit known as 204A Manchester Road for 2023/24 is £2,700. The standard non-domestic business rates multiplier is 51.2p. The small business multiplier is 49.9p up to a rateable value of £50,999. Small Business may benefit for upto100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.

Bjb recommends interested parties make their own enquiries into the business rate payable any further business rate relief which may be available.

The first floor flat will be applicable for council tax band A at £1,446.

Proof of Identity:

To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee. Where a property is due to go to auction, all bidders will be required to register prior to auction.

Legal Pack:

Purchasing a property at auction is a firm commitment that carries the same legal implications as a signed contract by private treaty. It is important that you consult with your legal adviser before bidding and also your accountant regarding the impact of VAT, if applicable, on the sale price. The legal pack can be viewed online via our website www.buttersjohnbee.com. Legal packs can also be viewed at the selling office. These documents should be passed to your legal adviser as they will help you make an informed decision about the lot. If you need further legal information please contact the vendor's solicitor whose details will be in the auction catalogue. Remember that you buy subject to all documentation and terms of contract whether or not you have read them.

Internet, Telephone & Proxy Bidding:

Interested in this lot but can't attend the auction? You can bid by internet, telephone or by proxy by pre-registering with our auction department on 0800 090 2200 or email auction@bjbmail.com. Further details are available in the catalogue.

Guide Price:

An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price:

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Butters John Bee Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering purchasing your property in order to rent, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.

Butters John Bee Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.