*Guide | £90,000 (plus fees)
- Retail Property (high street)
- Tenure: Leasehold.
Call the team on 01772 772450 for more information
X2 Tenanted Retail Units – Total Income of £14,520pa
NO VIEWINGS AVAILABLE – SOLD WITH TENANTS IN SITU Auction House North West has not inspected the subject property. However, we have been advised this is a two-storey mid terrace building which is being sold with tenants in situ. Tenancy: 57a – currently trading as Faiza Beauty and residing on both the ground floor and the first floor above the neighbouring properties. Taken from the current VOA, the total floor area is shown as 68.3 m2. We have been advised they are on a 5 year tenancy from and including 1st August 2023 with a break clause included after 3 years. The rental income stated on the tenancy agreement is £625pcm / £7,500pa. 57-59 – currently trading as dels Hair Salon and comprises of a double fronted ground floor retail unit. Taken from the current VOA, the total floor area is shown as 38.8 m2. We have been advised they are on a 5 year tenancy from and including 1st September 2023 with a break clause included after 3 years. The rental income stated on the tenancy agreement is £135 per week / £7,020pa. The total rental income for both units is £14,520pa. For more information relating to the tenancies, please refer to the legal pack. Tenure: Leasehold Title number: LAN71737 Length of Lease/Term: 999 years from 27 September 1877 Ground Rent: Please refer to the legal pack Service Charge: Please refer to the legal pack Local Authority: Pendle 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.
Local Authority
Pendle Borough Council
Solicitors
Occasio Legal, Ref: Jeremy Reilly
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
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.
