Lot
009
Auction: November 2022 Online Auction 09/11/2022

Nelson House, Nelson Square, Bolton, Lancashire BL1 1JT

Property Details
Location
Description
A Grade II listed town-centre investment opportunity comprising a prominent end-terrace property, which is part-tenanted and subject to leases detailing annual rent of £20,250. The property consists of 5 storeys of accommodation and is of traditional brick construction.
Location
The property benefits from a central location within Bolton town centre at the junction of Bradshawgate and Nelson Square. The town centre offers a wide range of local amenities and national occupiers, such as a Primark, Home Bargains, and a JD Wetherspoon within walking distance. An NCP Car Park is approximately 0.2 miles from the property, with Bolton train station approximately 0.3 miles away.
Accommodation

DescriptionFloor Area 
Lower Ground Floor
46.45 Sq M (500 Sq Ft)
Ground Floor83.61 Sq M (900 Sq Ft)
First Floor69.8 Sq M (752 Sq Ft)
Second Floor61.0 Sq M (657 Sq Ft)
Third Floor69.3 Sq M (747 Sq Ft)
Fourth Floor68.3 Sq M (735 Sq Ft)
Fifth Floor59.7 Sq M (643 Sq Ft)
Total458 Sq M (4,930 Sq Ft)

Pugh & Co have not inspected the property and the above floor areas have been provided by our joint agent. Buyers should satisfy themselves as to the accommodation. 
Tenure
Freehold.

Leasehold Title Number GM790232 has now been closed and the sale is now just of the Freehold Title Number GM504632 - subject to the leases as per the Special Conditions
Planning
Interested parties should consult direct with the Local Planning Authority: Bolton Council, Development Management, Town Hall, Bolton, BL1 1RU. Telephone: 01204 336 000. Email: [email protected]
Tenancy
The ground floor is let to A & K Property Solutions Limited for a term of two years from 27th November 2017, detailing a rent of £7,500pa. The tenant is currently holding over. The fourth and fifth floors are let to Bolton Pregnancy Advisory Service, detailing a rent of £12,750pa. This tenant is also holding over.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
VAT
Pugh & Co are advised that VAT is payable (unless the Buyer fulfils the criteria to make the sale a TOGC to the Seller's reasonable satisfaction).
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 8TH NOVEMBER AND CLOSES ON WEDNESDAY 9TH NOVEMBER.

3. Energy Performance Certificate = E.

SERVICES
All mains services are available. The upper floor offices benefit from gas fired hot water central heating systems some of which are separately metered.
The upper floors are accessed via a passenger (6 person 450 kg) lift.

RATING
The various floors have the following current rateable values:
Ground & Lower Ground Floor - £10,000
First Floor & Second Floors - £12,250
Third Floor - £6,100
Fourth & Fifth Floors - £10,750
Addendum
The ground floor is let to A & K Property Solutions Limited for a term of two years from 27th November 2017, detailing a rent of £7,500pa. The tenant is currently holding over. The fourth and fifth floors are let to Bolton Pregnancy Advisory Service, detailing a rent of £12,750pa. This tenant is also holding over. Leasehold Title Number GM790232 has now been closed and the sale is now just of the Freehold Title Number GM504632 - subject to the leases as per the Special Conditions

Our Nearest Office

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Manchester

Joint Agent

Trevor Dawson
Contact: Michael Cavannagh
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