Bury
Pearson Ferrier Bury
435-437 Walmersley Road
Bury
Lancashire
BL9 5EU
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44 – 48 Bolton Street, Bury, BL9 0LL

Guide Price £450,000
6 bedrooms
7 bathrooms
4 receptions

Property Features

  • SUBSTANTIAL THREE STOREY MIXED USE BUILDING
  • LOCATED IN BURY TOWN CENTRE OPPOSITE THE EAST LANCS RAILWAY
  • PLANS PASSED TO CONVERT THE 1ST & 2ND FLOORS TO 4 X FLATS
  • CURRENTLY 3 X SHOPS TO THE GROUND FLOOR, FLAT & OFFICES TO 1ST & 2ND FLOORS
  • IDEAL INVESTMENT OPPORTUNITY
  • VIEWINGS AVAILABLE OF THE UPSTAIRS SPACE ONLY

Property Summary

For sale via Pearson Ferrier Auctions starting Tuesday 14th July, bidding will be on the Pearson Ferrier website and you can register to bid now. A superb opportunity to purchase this substantial three storey mixed use building in Bury town centre, opposite the East Lancashire Railway. It currently comprises three shops to the ground floor, with an apartment to the first floor and commercial space on the first and second floors. Planning has been passed for the conversion of the first and second floors to create two x 2 bedroom apartments and two x 1 bedroom apartments. For details on the planning please visit the Bury Council planning portal under ref 72061. The current rental income is £40,200pa (breakdown below), however with the conversion of the upper floors this would massively increase the rental income. Viewings are available of the upstairs floors only. Buyers are advised to check the legal pack before bidding, this will be available on the Pearson Ferrier website via the bidding window on the property when available. Any changes to the details will be updated on the Pearson Ferrier website before the auction.

Full Details

Additional Information
Tenure - Frreehold
Business Rates:
44 - £10,000pa
46 - £8,100pa
48 - £7,000pa
1st & 2nd Floors 46 - £19,250pa
Council Tax:
44a - Band A
EPC:
44 - B - 46
46 - C - 66
48 - C - 58
1st & 2nd floors 46 - C - 63
44A - E - 41/68
Current Rents:
44 - £10,000pa
46 - £12,000pa
48 - £10,400pa
44a - £7,800pa
Solicitor - David Rose, Dwyers

Auction Information
The auction is a traditional auction with exchange on the winning bid and completion taking place within 20 working days from the auction (unless stated otherwise in the legal pack).
Buyer's Fees - There is a buyer's premium charge of £2,500 + VAT or 2% of the purchase price (whichever is greater) and a buyer's administration fee of £500 + VAT. If there are any disbursements from the sellers side these will be detailed in the legal pack. Buyer's are advised to check the legal pack before bidding.

Every effort has been made to confirm the accuracy of the details including any defects with the vendor and their solicitor. Pearson Ferrier will not be held responsible for any failure to disclose any such defects. Any purchasers buying without viewing, or if not available carrying out a survey are doing so at their own risk and acknowledge that Pearson Ferrier will not be held responsible for any issues that may arise due to them being unintentionally missed from the advert.

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Location

Floorplan

Bury
Pearson Ferrier Bury
435-437 Walmersley Road
Bury
Lancashire
BL9 5EU
MAKE AN ENQUIRY APPLY FOR FINANCE
11

All statements contained in these particulars are for indicative purposes only and are made without responsibility on the part of Pearson Ferrier and the vendors of this property and are not to be relied on as statements or representations of fact. Potential purchasers should satisfy themselves by inspection or otherwise as to the accuracy of such details contained in these particulars.

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Auction is fast becoming a preferred way of selling both land and properties for sellers looking for a fast, secure sale. All types of properties and land are considered, if are looking to enter a lot in to auction then please contact the team on 0161 764 4440. Please click the link below for a list of FAQ’s for sellers.

SELL AT AUCTION

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If you are looking to bid on a property it couldn’t be easier. With our auctions being held online you can bid from wherever you are providing you have internet access. Please find a link below to FAQ’s for buyers. For any further details please contact the team on 0161 764 4440.

HOW TO BID

Price information

Guide prices are provided as an indication of the seller’s minimum expectation. They are not necessarily a figure which a property will sell for and can change at any time. Each lot will be offered subject to a reserve price (a price below which the lot cannot sell). The reserve figure will be no higher than the price guide range, or if it is a single guide price figure no more than 10% above.

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