RARE RETAIL & RESIDENTIAL INVESTMENT OPPORTUNITY – Currently Producing £22,498.68 per annum.

A rare opportunity to acquire a mixed-use property in the affluent suburb of Hale, South Manchester. Situated in the affluent residential area of Hale, close to the vibrant village centre with an array of bars and restaurants. Combined NIA of 1,428 sq. ft. over basement, ground and two upper floors. Fully let to two individual occupiers, generating a combined income of £22,498.68 per annum. Tenancies 34 Park Road is let by way of a 3 year lease from 1/10/2018 (holding over) at a rent of £11,976 pa 34a Park Road is let by way of a 3 year lease from 1/2/2016 (holding over) at a rent of £876.89 pcm / £10,522.68 pa Accommodation The ground floor of 34 Park Road is utilised as retail space and occupied by the long-standing tenant The Butchers. The unit is arranged over ground floor and basement and benefits from dual aspect frontage overlooking both Park Road and Tolland Lane. Accommodation as follows: Ground Floor - 36.78 m2 / 396 sqft Basement - 14.95 m2 / 161 sqft Total - 51.73 m2 / 557 sqft 34a Park Road is accessed from the ground floor of Tolland Lane via a self-contained entrance hallway leading to the first floor which provides, dining kitchen, lounge and family bathroom. The second floor provides two double bedrooms with fitted wardrobes. Approximately 871 sqft. The apartment benefits from gas central heating and uPVC double glazing. To the rear of property is an attached brick garage with forecourt parking. 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. 34 Park Road is situated on the corner of Park Road (B5162) and Tolland Lane, approximately 0.5 miles from the village of Hale. 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

Hart Ford Solicitors Limited, Ref: Hart Ford Solicitors Limited, Tel: 0161 3598000

Offered in association with

Roger Hannah

Additional Fees

Buyer's Premium - £1800 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.