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.
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.
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 is not applicable to this lot.
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 firstname.lastname@example.org 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 Gross Rents Reserved £10,600 p.a.
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.
This auction lot is now closed.
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|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
|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.|