Mixed Use Investment Property – May Suit Part Residential Conversion (STP) – Currently Producing £18,800 pa – ERV When Fully Let c£42,200 pa

Substantial three storey property which briefly comprises a ground floor vacant restaurant with basement storage, self-contained first and second floor dance school (tenanted) plus single storey workshop and yard plus lower ground floor storage (tenanted). Presently the property is part let as follows:- Ground Floor Restaurant – Vacant – previously let at £450 per week / £23,400 pa First & Second Floor – Dance School, let to a private individual (holding over) at a rent of £200 per week / £10,400 pa Rear Workshop, Yard and Storage - £700pcm / £8,400 pa Currently Producing £18,800 pa – ERV When Fully Let c£42,200 pa Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Leasehold.

We have taken the following floor areas from VOA:- Ground Floor Restaurant – 159.89 m2 / 1,721 sqft Basement (front) storage – 67.83 m2 / 730 sqft First Floor (dance school) office suite, ladies and gents WC, dance studio, kitchen and ladies and gents WC – 140.1 m2 / 1,508 sqft Second Floor – (dance school) main dance studio, smaller dance studio and café/tuck shop/waiting room. We understand that both tenants in-situ would be willing to sign new leases. Alternatively, parts may suit residential conversion, subject to the required consents being obtained. Located on the west side of Lee Lane, the main thoroughfare in the centre of Horwich. Tenure: Leasehold Title number: GM182154 Length of Lease/Term: 997 years from 6 May 1864 Ground Rent : £3.7s.0d Local Authority: Bolton

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Bolton Metropolitan Borough Council

Solicitors

Winder Taylor, Ref: Winder Taylor, Tel: 01204 389 908

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.