Lot

79

55 Castle Street, Stockport, SK3 9AT

Property Enquiries

Rob Hills

rob.hills@bidx1.com
+44 (0)20 3929 8402

Viewing Registration / Enquiries

BidX1 Support Team

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

Vendor Solicitor

Ebru Yuruk

ey@axiomstone.co.uk
020 8 951 6989

Description

Map

Viewings


Property Summary
  • Freehold retail investment
  • Entirely Let to Greggs Plc
  • Town centre location
  • Producing £8,000 per annum
Tenure

Freehold

Location

The property is located in the heart of Edgeley town centre, a short walk from Stockport Railway Station. Edgeley is a busy suburb of Stockport and is located 6 miles south west of Manchester and can be reached via the M60 (junction 1), which is half a mile to the north.  

Other nearby occupiers include Boots Plc, Co-op and Martins Newsagents. 

Description

The property comprises a mid terraced building of brick construction. The building is arranged as a ground floor shop with internal access to ancillary and staff accommodation at first floor level.

Tenancy

Please refer to legal documents

VAT
Please refer to Legal Documents
Property Table
UnitAccommodationTenantTenancyCommencement DateRent £pa
No 55Gross frontage 15'9
Internal width 15'4
Shop & build depth 45'1
Sales area 55.74 sq m  (600 sq ft)
Greggs plc5 years22/01/2019£8,000
TOTAL    £8,000

(1) Greggs is the UK's leading bakery food-on-the-go retailer, with over 1,950 shops (www.greggs.co.uk).  For the year ending 30th December 2017 Greggs Plc reported a turnover of £960 million,  a pre-tax profit £72 million, shareholders' funds of £299 million and a net worth of £284 million. The tenant has been in occupation since 1966.

The floor areas have been supplier by the vendor

EPC

Refer to the legal pack

*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).
  4. The guide price for the Lot does not include the administration fee of £1,000 (inclusive of VAT) charged by BidX1. In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount of £4,500 from all bidders. This participation amount is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,500 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee of £1,000 inc. VAT payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
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