Garage Colony – 14 x Garages – Part Let

Garage colony briefly comprising 14 x lock up garages, accessed to the side of no. 84 Rylands Street. Currently we are advised that 8 x garages are occupied by way of verbal agreements producing a current total rental income of £2,476 pa. The garages could if refurbished and fully let produce approximately £7,000 per annum (£500 per annum per garage) Tenure: Long Leasehold Title number: MAN106521 Length of Lease/Term: 999 years (less 1 day) from 19 March 1903 Ground Rent : £16 3s 11d Service Charge: £ n/a Council Tax Band : n/a Local Authority: Wigan Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Leasehold. MAN106521

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.

Local Authority

Wigan Metropolitan Borough Council

Solicitors

Complete Convey, Ref: Alison Teece, Tel: 01772 910747

Offered in association with

Parkinson Real Estate

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 2.5% inc VAT of the purchase price, subject to a minimum of £1980 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.