RARE RETAIL & RESIDENTIAL INVESTMENT OPPORTUNITY – Currently Producing £52,000 per annum

A rare opportunity to acquire a mixed-use retail and residential property in the affluent suburb of Hale, South Manchester. Situated in the heart of Hale village, close to the vibrant village centre with an array of bars and restaurants. Combined NIA of 2,751 sq. ft. over basement, ground and two upper floors. Tenancies Fully let to two individual occupiers, generating a combined income of £52,000 per annum. Tenancy details as follows: 147 Ashley Road – 10 year lease from 12/10/2028 at £31,000 pa * 147a Ashley Road – 1 year AST at £21,000 pa (£1,750 pcm) - £2,000 deposit held *Break in 2022 not exercised Accommodation The ground floor of 147 Ashley Road is utilised as retail space and occupied by the long-standing tenant Simbastyle Ltd t/a The Knot (hair salon). The unit is arranged over ground floor and basement and benefits from double frontage overlooking both Ashley Road. Accommodation as follows: Ground Floor - 47.7 m2 / 513 sqft Basement - 66.02 m2 / 710 sqft Total - 113.72 m2 / 1,223 sqft 147a Ashley Road comprises a duplex apartment, accessed from the ground floor to the rear of the property via a self-contained entrance. The apartment contains a spacious living room, kitchen, two bathrooms and three bedrooms and extends to approximately 142 m2 / 1,528 sqft Benefits include gas central heating and uPVC double glazing. Location Hale is an affluent South Manchester suburb, located approximately 9 miles south of Manchester City Centre and 1.2 from Altrincham town centre. The village of Hale boasts a wide variety of amenities and is well known for its selection of artisan bars, restaurants and cafes. 147 Ashley Road is situated in the heart of Hale village, in the immediate vicinity of Hale Railway Station and local amenities. Tenure: Freehold Title number: GM798001 Council Tax Band : D Local Authority: Trafford Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Freehold

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 D

Local Authority

Trafford Metropolitan Borough

Solicitors

Hartford Solicitors, Ref: Dave Chapman, Tel: 0161 3598000

Offered in association with

Roger Hannah

Additional Fees

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.