House For Sale £175,000
Market Street, Leigh, Greater Manchester, WN7

FOR SALE BY ONLINE AUCTION 25TH OCTOBER 2023:

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.