Property Features

Income Producing Investment
2 Parking Spaces to Rear
Ground Floor Unit
Town Centre Location

About this property

For sale by Modern Method of Auction: Starting Bid Price £130,000 plus Reservation Fee.

Income Producing Investment – £15,000 per annum.

Ground floor retail unit which is occupied by a convenience store. The accommodation comprises a shop front, back room, office, kitchen area and WC. There is also parking to the rear.

Location
The subject property is situated on Bradshawgate a main road through Bolton Town Centre and close to many local amenities. Within walking distance to the Interchange. It is located in a mixed use commercial area incorporating a variety of occupiers such as professional offices, retail operators and leisure users.

Lease
Miller Metcalfe have been advised the lease is 5 years from 5th September 2024 at a current rent of £15,000 per annum, on a full repairing and insuring. Rent review every 2 years open market, upward only. Tenant and Landlord mutually have right to determine the lease on or after the 3rd year anniversary with notice. Rent deposit held of £3,750. The tenant has a 10 year franchise.

Tenure
Leasehold - Held on a 250 Year lease from 1st January 2014 at a ground rent of £250 p.a. Rent review linked to RPI on 1st July 2024 and every 5 years thereafter.

Bradshawgate

Guide Price

£130,000

£130,000

Bradshawgate

Greater Manchester, BL1 1QD

Property Features

About this property

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