Tenanted Bar Investment – Producing £18,000 pa

Description The property is a stone built, mixed-use, mid-terraced unit with ground floor and basement retail operated as Stanley’s Bar. The upper floors are in separate ownership and occupied as residential. The bar comprises a ground floor with bar and seating area, with a small rear yard. The basement contains the beer cellar, storage and customer toilets. The unit was the subject of a major refit in late 2023. Tenancy The property is let to Stanley Woodcock Limited on a ten year effective FRI lease from 9 November 2018 at a rent of £18,000pa. Accommodation Ground floor – 1,015 sq ft Basement – 635 sq ft Location The property is located in the centre of Bury close to the junction with Market Place, part of the local drinking circuit, convenient for the transport Interchange with buses and Metrolink and a short distance to the Rock with all main retail facilities. Tenure: Long Leasehold Title number: GM547351 Length of Lease/Term: 999 years from December 1874 Ground Rent : £55 pa Service Charge: £ Council Tax Band : Business rates Local Authority: Bury Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Leasehold.

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 C

Local Authority

Bury Metropolitan Borough Council

Additional Fees

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.