Property Details
Pugh Auctions
Lot 098
Lot 098
Auction: December 2018

77-81 Higher Market Street, Farnworth, Bolton, Lancashire, BL4 8HQ

Property Details
Location

The property is located on the edge of Farnworth town centre in a very prominent parade of retail units fronting on to Higher Market Street (A6053) and at the junction with Long Causeway (A5082). The M61 motorway is within 200 metres & Bolton town centre is around 5 miles to the north.

Description

Two storey retail investment approximately 463 sq m (4,982 sq ft) which is sold subject to a lease at a current rent reserved of £31,200 per annum (please see tenancy section for further details).

Accommodation

We detail below the following accommodation & floor areas taken from the VOA website:

Ground Floor
 Sales, Staff Areas & Storage- 272 sq m (2,927 sq ft)
First Floor
Sales, Staff Areas & Storage- 191 sq m (2,055 sq ft)
Total
463 sq m (4,982 sq ft)

Outside

Secure & gated rear service yard & loading bay.

Approx Site Area

Approximately 402 sq m (481 sq yds).

Tenure

The property is held by way of a 999 year lease from 16th September 1926.

Planning

Interested parties should consult direct with the Local Planning Office, Bolton Metropolitan Borough Council, Town Hall, Bolton, BL1 1RU. Tel: 01204 333333.

Tenancy

The property is being sold subject to a 5 year lease from 1st April 2017 at a rent of £600 per week (£31,200 per annum). There is a proposed & signed draft lease also included within the legal pack which confirms that a new 10 year lease will be entered into by a limited company following completion at a rent of £26,000 per annum, interested parties should make their own enquiries in this regard.

Addendum

The property is being sold subject to a 5 year business tenancy from 1st April 2017 at a rent of £600 per week (£31,200 per annum). There is a proposed & signed draft lease also included within the legal pack which confirms that a new 10 year lease will be entered into by a limited company following completion at a rent of £26,000 per annum, interested parties should make their own enquiries in this regard. The property is held by way of a 999 year lease from 16th September 1926.

Property Location Address:
77-81 Higher Market Street,
Farnworth,
Bolton,
Lancashire,
BL4 8HQ
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Auction Details
Auction: December 2018 Date: 6th December 2018 Lot Number: 098 Doors Open: 10:30am Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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