131-135 Sankey Street, Warrington, Cheshire, WA1 1NNpart vacant mixed town centre commercial and residential investment currently producing £33,800 per annum
The property is situated on Sankey Street within Warrington town centre, close to its junction with Dixon Street. Access to Sankey Street is from Liverpool Road (A5061).
Predominantly three storey property, which is configured as restaurant premises to the basement, ground floor and part of the first floor. The remainder of the property to the first and second floors was previously used as residential accommodation, containing a mixture of bedsits and flats. The residential accommodation benefits from a separate entrance and is in need of refurbishment.
|Pugh and Company have not inspected the restaurant premises and the following details have been obtained from the VOA website:|
|Storage||129.60 sq m||(1,395 sq ft)|
|Restaurant||193.21 sq m||(2,080 sq ft)|
|Kitchen||43.40 sq m||(467 sq ft)|
|Storage||87.70 sq m||(944 sq ft)|
|Prior to the Receivers involvement we understand there were|
|7 occupiers to the upper floors, interested parties should rely on their own enquiries and inspection as to the extent of the accommodation available.|
Part freehold and part long leasehold for a term of 950 years from the 25th March 1907.
The property is considered to have development potential subject to obtaining the necessary consents. Interested parties should consult direct with the Local Planning Office. Warrington Borough Council, New Town House, Butter Market Street, Warrington, WA1 2NH. Tel. 01925 442819.
The basement, ground floor and part of the first floor is let to
Milad and Nehar Miah for a term of 15 years from 29th April 2009 at an initial rent of £33,800 per annum. There is a rent review on the
28th April 2012 and every third anniversary of that date.
Hill Dickinson Solicitors, No 1 St Pauls Square, Liverpool, Merseyside, L3 9SL.
Tel: 0151 600 8787. Fax: 0151 600 8001. E-mail: email@example.com.
Contact: Mr Richard Palmer.
DTZ, 1 Marsden Street, Manchester, M2 1HW.
Tel: 0161 455 3709.
Contact: Mr Michal Skotny.
This lot has SOLD PRIOR to the auction.
* Guide Prices and ReservesGuide Price: An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve Price: the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Additional Non Optional Fees and Costs: in addition to the sales price please be aware that the buyer will be liable in addition for various non optional additional fees and costs. Please refer to the Guidance Document where more information is available.