Property Details
Pugh Auctions
Lot 022
Lot 022
Auction: December 2020 Online Auction 09/12/2020 10:54 - Bidding opens Tuesday 8th December 09:30 AM

82-92 Lee Lane, Horwich, Bolton, Lancashire, BL6 7AE

Property Details
Location

The property is located fronting the B6226 Lee Lane, between Mottram Street and Winter Hey Lane, in the centre Horwich, approximately 6 miles from Bolton.

Description

A multi-let mixed commercial and residential investment opportunity comprising five commercial/retail units together with nine apartments. The property is fully let and producing a rental income of £88,560 per annum.

Accommodation


DescriptionSq MSq Ft
82-84 Lee Lane
Basement
Ground Floor

146.70
126.00
272.70

1,579
1,356
2,935
88 Lee Lane
Ground Floor

83.10

894
90 Lee Lane
Ground Floor

78.30

843
92 Lee Lane
Ground Floor
First Floor
Second Floor

119.10
93.90
57.80 
270.80

1,282
1.011
622  
2,915
Store r/o 82-84 Lee Lane
Ground Floor

44.60

480
* Floor areas taken from VOA website.

86 Lee LaneAccommodation
Flat 12 Bedrooms, Kitchen-Living Room, Bathroom
Flat 21 Bedroom, Kitchen-Living Room, Bathroom
Flat 31 Bedroom, Kitchen-Living Room, Bathroom
Flat 41 Bedroom, Kitchen-Living Room, Bathroom
Flat 51 Bedroom, Kitchen-Living Room, Bathroom
Flat 61 Bedroom, Kitchen-Living Room, Bathroom
Flat 71 Bedroom, Kitchen-Living Room, Bathroom
Flat 8Kitchen-Living Room-Bedroom, Bathroom
Flat 9Kitchen-Living Room-Bedroom, Bathroom


Outside

There is a yard area to the rear of the property.

Approx Site Area

Approximately 0.13 Hectares (0.32 Acres).

Tenure

The property is held by way of four 999 year leases from 25 December 1833; 27 March 1845; 24 June 1869 and 1 may 1871.

Planning

Interested parties should consult direct with the Local Planning Authority: Bolton Council, Town Hall, Bolton, BL1 1RU. Tel: 01204 333 333.

Tenancy

82-84 Lee Lane: Let to a sole trader by way of a 7 year lease from 8 January 2015 at a rent of £15,700 per annum. 86 Lee Lane - Each flat is let by way of an Assured Shorthold Tenancy agreement, as follows: Flat 1 - £500 pcm (£6,000 per annum) Flat 2 - £450 pcm (£5,400 per annum) Flat 3 - £410 pcm (£4,920 per annum) Flat 4 - £425 pcm (£5,100 per annum) Flat 5 - £400 pcm (£4,800 per annum) Flat 6 - £410 pcm (£4,920 per annum) Flat 7 - £400 pcm (£4,800 per annum) Flat 8 - £400 pcm (£4,800 per annum) Flat 9 - £435 pcm (£5,220 per annum) 88 Lee Lane: Let to a sole trader by way of a 3 year lease from 24 February 2020 at a rent of £6,600 per annum. 90 Lee Lane: Let to International Aid Trust by way of a 12 month lease from 11 June 2013 and currently holding over at a rent of £7,000 per annum. 92 Lee Lane: Let to Age UK by way of a 15 year lease from 27 February 2015 at a rent of £11,500 per annum. Rear Store: Let to The Salad Bowl Ltd by way of a 3 year lease from 15 September 2016 and currently holding over at a rent of £1,800 per annum.

General

1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. The commercial accommodation has the following Business Rates assessment in the 2017 Rating List:

82-84 Lee Lane: "Shop & Premises" - RV £14,500
88 Lee Lane: "Shop & Premises" - RV £5,900
90 Lee Lane: "Shop & Premises" - RV £8,000
92 Lee Lane: "Shop & Premises" - RV £12,250
R/O 82-84 Lee Lane: "Warehouse & Premises" - RV £2,850

3. The residential accommodation at 86 Lee Lane is listed in the Council Tax list as follows:

Flat 1 - Band A
Flat 2 - Band A
Flat 3 - Band A
Flat 4 - Band A
Flat 5 - Band A
Flat 6 - Band A
Flat 7 - Band A
Flat 8 - Band A
Flat 9 - Band A

4. Energy Performance Certificates =
82 - C.
84 - F.
86 - E.
88 - C.
90 - D.
92 - E.

5. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 8TH DECEMBER AND CLOSES ON WEDNESDAY 9TH DECEMBER.

Addendum

The property is held by way of four 999 year leases from 25 December 1833; 27 March 1845; 24 June 1869 and 1 may 1871.

Property Location Address:
82-92 Lee Lane,
Horwich,
Bolton,
Lancashire,
BL6 7AE
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Auction Details
Auction: December 2020 Online Auction Date: 9th December 2020 Lot Number: 022 Bidding Starts: 9:00am
Address:
Online Auction

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