Bury
Pearson Ferrier Bury
435-437 Walmersley Road
Bury
Lancashire
BL9 5EU
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75 Chesham Road, Bury – Tenanted With Income Of £13,500PA

Guide Price £100,000

Property Features

  • AN IDEAL TENANTED INVESTMENT PROPERTY
  • COMPRISING OF A SHOP AND FLAT
  • AUCTION GUIDE PRICE £100,000 - £150,000
  • INCOME OF £1,125PCM
  • GOOD TRANSPORT LINKS
  • LOCATED IN THE CHESHAM AREA OF BURY

Property Summary

For sale via Pearson Ferrier online auctions starting Tuesday 27th September, bidding will be on the Pearson Ferrier website. An ideal tenanted investment providing a monthly income of £1,125 (625pcm for the shop and £500pcm for the flat). The property comprises of tenanted shop to the ground floor with a shop floor area, inner hallway, three treatment rooms, storage room, kitchen and W.C.. There is a flat to the first floor also having a tenant in place. Please note that we have been unable to inspect the flat, but have been advised that it has two bedrooms. The photos of the flat are prior to the current tenants moving in. The property is located in the Chesham area of Bury approx. one mile from Bury town centre and The Rock. There are a large number of residential homes nearby as well as Bury Lido, Clarence Park and other shops. This would be an ideal addition to any buy to let portfolio with a current income of £13,500. Auction guide price £100,000 - £150,000. 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

Shop Area 5.41 x 4.5
Has a double glazed door, a side facing double glazed window, a front facing double glazed window and two radiators.

Inner Hallway
The inner hallway leads from the shop to the treatment rooms and has spotlights.

Treatment Room 1 2.66 x 1.61
Has spotlights.

Treatment Room 2 4.3 x 1.8
Has a side facing double glazed window, radiator and spotlights.

Store Room 1.6 x 1.54
Has spotlights.

Treatment Room 3 2.17 x 1.7
Has a side facing double glazed window, radiator and spotlights.

Kitchen 1.44 x 1
Has a door to the rear, base units and a one and a half sink unit with drainer.

W.C.
Has a W.C. and sink.

Flat
There is a first floor flat which has a separate entrance to the rear. We have been unable to inspect the flat, however we have been advised by the seller that it is a two bedroom flat which is let at £500pcm. Please note that the pictures of the flat were taken prior to the current tenant moving in.

Additional Information
Council Tax - Band A for the flat.
Business Rates for the ground floor - £3,700 PA
EPC Rating - G for the flat, on order for the shop.
Tenure - Leasehold, see legal pack for full details.
Brochure Prepared 19th August 2022.
Solicitor - GHW

Auction Information
Please note that with the property being tenanted no access will be given for viewings.
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.

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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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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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