This property is no longer on the market
7 bedroom property
Key information
Property description & features
- Tenure: Leasehold
A mixed use investment property with hot food takeaway and 3 self-contained flats above. The ground floor has been fully renovated and modernised to provide a retail unit occupied as a hot food takeaway. This is on a 7 year lease from October 2022 at £9,000 pa rising to £9,600 in October 2023. The upper floors are independently accessed from Market Street and are converted to residential use. To the first floor is one large flat containing 4 rooms plus kitchen and bathroom, tenanted on an AST at £650pcm. It is part furnished. Also on the first floor is one bed flat on an AST £550pcm, also part furnished. The second floor is entirely given to one large flat containing 7 rooms plus kitchen and bathroom. It is tenanted on an AST at £750 pcm and is part furnished. Please note that the current vendor has recently invested in the roof, utilities and fire regulations. All units tenanted and generating income of £33,000 p.a. as on October 2023
This property is subject to VAT on the Commercial Premises at the standard rate.
ACCOMMODATION
Basement: Storage – (388 sq ft)
Ground Floor Commercial: Public Area to Front, Counter, Large Kitchen/Food Preparation Area to Rear, Storage Area, Staff Cloakroom. (935 sq ft)
First Floor Flat 1, 17a: Lounge, Dining Room, 2 x Beds, Kitchen, Bathroom (822 sq ft)
First Floor Flat 2, 17a: Living Kitchen, 1 x Bedroom, Bathroom (299 sq ft)
Second Floor Flat 1, 17b: Lounge, Dining Room, 4x Bedrooms, Bathroom (1296 sq ft)
Total Area: approx 4023 sq ft.
LOCATION
Market Street connects Leigh Road to King Street, and is on the main through road in Leigh High Street. Surrounded by a large number of local amenities, ranging from restaurants and takeaways, to bars and pubs.
TENURE: Leasehold
COUNCIL TAX BAND: A
AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1500 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.
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Property reference AUC230319. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Venmore - Auctions.
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Broadband availability and predicted speed: obtained from Ofcom on October 20, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on October 20, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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