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Lot

69

Unit 10, Enterprise Trading Estate, Gorton, Manchester, M18 8QU

Property Enquiries

Mat Harris

Mat.Harris@bidx1.com
+44 (0) 20 3929 8291

Viewings/Registration Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Chris Grey

chris.grey@penningtons.co.uk
+44 (0) 20 7457 3000

Description

Map

Viewings


Property Summary
  • Virtual freehold industrial investment
  • Let for 10 years to a specialist MOT centre (no breaks)
  • Rent linked to RPI or open market value, whichever is the greater
  • Producing £35,265 per annum
Tenure

Long leasehold for a term of 830 years from completion at a peppercorn..

Location

Gorton is an area of Manchester, lying south east of the city centre. Neighbouring areas include Audenshaw, Denton, Levenshulme and Reddish. Enterprise Trading Estate is located on the east side on Lees Street, near its junction with Constable Street. The A57, M60 and M67 are all easily accessible. Gorton Mainline Station is within a short walk.

Description

An industrial unit of about 437.20 sq m (4,706 sq ft) with high eaves and large yard to the front of the property. There is car parking for 6 vehicles and a total site area of about about 0.13 hectares (0.33 acres).

Accommodation
ADDRESS USE SIZE TENANT LEASE TERMS RENT (£pa)
Unit 10 Enterprise Trading Estate Industrial 437.20 sq m 4,706 sq ft) RMVs MOT Centre & Rob Vickers 10 years from 22/08/2018 £35,265

The floor areas have been provided by the vendor.

Tenancy

Within the legal pack the vendor has provided comparable rental evidence that they feel supports the rental level for this property. Prospective buyers should make their own enquiries.

Tenant Information

RMVs MOT Centre we have been informed is one of two centres in th UK that has a 7m ramp (the other being in Oxford) that can test extra long vehicles, and as such is very for popular testing HGV lorries Class 4 & 7, caravans and motorhomes.

Planning

Manchester City Council (0161 2344516) www.manchester.gov.uk

VAT
Please refer to the legal documents.
EPC

Rating 104 Band E

*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted "subject to contract". Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
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  5. A minimum participation fee of £4,500 must be paid by all bidders who wish to partake in the auction. A participation fee of £4,500 is comprised of the £1,000 (inclusive of VAT) administration fee payable directly to BidX1 and £3,500 relating to your bidder security (partial deposit payment). A higher participation fee may be payable depending on the reserve price of the Lot. However, even in those circumstances, the administration fee shall remain at £1,000 (inclusive of VAT). The participation fee is fully refundable if you do not make the successful bid in relation to a Lot at auction. If you make a successful bid in relation to a Lot at auction your participation fee is non-refundable.
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