Property description

For sale by online auction starting on Wednesday 8th June 2022, bidding will be on the Auction Agent website. An ideal buy to let investment located on The Rock in Bury town centre. The building comprises four rented spaces with a combined rent of £65,000 per annum. The let units are an escape room which has a lease of £21,000 pa which has just been renewed for a further five years, a cafe with a rent of £18,000 pa which is for ten years from May 2013, a vape shop with a rent of £17,000 pa with a five year lease from May 2019 and a hearing centre on a rent of £9,000 pa with a five year lease from May 2019. For full details on the tenancy agreements please see the legal pack. The building is located opposite the Parish Church in Bury, with a good selection of other shops, bars, restaurants and offices close by. This lot offers an excellent investment opportunity for a buy to let investor.

Please note that the purchase price is subject to VAT and the rents are also plus VAT. Guide Price £500,000 - £600,000. For viewings please contact Auction Agent. Buyers are advised to check the legal pack before bidding for details on the lot and fees, this will be available on the Auction Agent website once received. Buyers are also advised to check the website for any updates on the lot before the auction.

14 The Rock

Currently let at £17,000 + VAT P.A. With an agreement in place for 5 years ending May 2024. For full details please see the legal pack.

Shop Floor - 8M X 4M
Rear Hallway
Cellar Room 1 - 5.6M X 4.2M
Cellar Room 2 - 4.1M X 3.5M
Cellar Room 3 - 5.7M X 5M
W.C.

16 The Rock

Currently let at £18,000 + VAT P.A. With an agreement in place for 10 years ending June 2023. For full details please see the legal pack.

Shop Floor - 12.28M X 5M
Kitchen - 4.5M X 1.5M
W.C.

1 Crompton Street

Currently let at £9,000 + VAT P.A. With an agreement in place for 5 years ending May 2024. For full details please see the legal pack.

Entrance Area - 4.7M X 4.35M
Inner Hallway
Office - 3.5M X 3.5M
Cellar Hallway
Cellar Room 1 - 3M X 2.5M
Cellar Room 2 - 3.5M X 2M
W.C.

1A Crompton Street

Currently let at £21,000 + VAT P.A. With an agreement in place for 5 years ending 2027. For full details please see the legal pack.

Ground Floor
Entrance Hallway

First Floor
Landing
Room 1 - 4.3M X 3M
Inner Landing
Room 2 - 3.32M X 3.15M
Room 3 - 14M X 3.5M
Room 4 - 3.6M X 3.5M
Inner Landing
Kitchen - 4.2M X 1.9M
Room 5 - 4.33M X 2.7M

Second Floor
Landing
Room 1 - 7.2M X 3.4M
Inner Hallway
W.C. 1
W.C. 2
Inner Hallway
Room 2 - 3.2M X 2.7M
Room 3 - 5.1M X 4.5M
Inner Hallway
Room 4 - 4.5M X 3.5M
Room 5 - 4.1M X 3.3M
Room 6 - 4.3M X 4.2M

Externally

Two parking spaces & bin storage.

Location

The building is located in Bury Town Centre, fronting on to The Rock opposite Bury Parish Church. It is located a short walk from The Millgate shopping centre and Bury Market.

Brochure Prepared

14th April 2022

Tenure

See legal pack

Solicitor

Farnworth Rose
Amenities

- 14 The Rock, 16 The Rock, 1 Crompton Street & 1a Crompton Street

- Tenants In Place Paying £65,000 + VAT P.A.

- Ideal Buy To Let With Immediate Income

- 13% Return Based On The Lower Guide Price

- Located In Bury Town Centre

- Opposite The Parish Church, Close To Millgate Shopping Centre