Lot O14 - 66 Marsh House Lane, Warrington, Cheshire, WA1 3QY

  • Unconditional Online Auction Sale
  • * Reserve not to exceed : £70,000

Virtual Freehold Shop and Residential Investment

  • Comprising a shop and a self-contained flat
  • Prominent corner position
  • Located on a main road from central Warrington to the A50
  • No VAT applicable

Tenure

Long Leasehold. Held for a term of 995 years from 1st February 1900 (thus having some 877 years unexpired) at a fixed ground rent of £2 p.a.

Location

The property is located on the South side of Marsh House Lane (A574), at its junction with Matthews Street. Marsh House Lane (A574) links central Warrington to the main A50 arterial road.
Occupiers close by include the Post Office and Bargain Booze amongst a range of local traders in a predominantly residential area.

Description

This end of terrace property is arranged on ground and one upper floor to provide a ground floor shop presently trading as a sports therapy clinic together with a self-contained flat on the first floor, accessed from Matthew's Street. To the rear is a small yard.
The property benefits from rear access.

VAT

VAT is not applicable to this lot.

To View

There will be a single block viewing held prior to the auction. If you would like to attend you must register with us in advance no later than 12 noon on Wednesday 5th September.

Please email amy.heuch@allsop.co.uk with the name and mobile number of each party wishing to attend. Photographic ID will be required on the day. In the subject box of your email please enter Lot O14 Warrington.

Current Rent

Current Gross Rents Reserved £10,600 p.a.

Buyers Fee

Buyers Fee -The successful purchaser will be required to pay the auctioneers administration fee of £600 inclusive of VAT. Other additional costs/fees may apply please see Special Conditions of Sale.


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Sold for £86,000

This auction lot is now closed.

Auction Ended

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* Reserve not to exceed:
£70,000
Gross initial yield:
15.1%
No. Present Lessee Accommodation Terms of Lease Agreement Current Rent £ p.a Next Review / Reversion
66 J S A Gittins (1) Gross Frontage inc. Splay
Net Frontage inc. Splay
Return Net Frontage
Built Depth
4.9 m

4.7 m

3.2 m
12.2 m
(16' 2")

(15' 5")

(10' 4")
(40' 1")
2 years from 30.04.2018
Repairing & Insuring
£5,800 p.a. Reversion 2020
66a Individuals (2) First Floor Flat 12 month Assured Shorthold Tenancy from 24.10.2017 £4,800 p.a. Reversion 2018
Total £10,600 p.a.
(1) £1,000 surety held
(2) £400 surety held
  • * The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price.
  • The Reserve Price will only be disclosed once it has been met during bidding and not before.
  • The term "reserve not to exceed £..." means that the seller's lowest acceptable sale price will not exceed the quoted figure. The reserve price will not be set above this figure. However, it could be set at, or indeed below, the "reserve not to exceed" figure stated.
  • Reserve prices are subject to change up to the date of the auction.
  • At the commencement of marketing a starting price is to be announced. The starting price will be published 24 hours before bidding opens.
  • Lots may be withdrawn prior to auction.