Amazing Investment or Owner-Occupier Opportunity – 842–844 Manchester Road, Bury, BL9 8DW

Starting Bid: £300,000 | Go Local Convenience Store | Two Garages Included | £2,200 per month rental income + Additional Garage Income | EPC Rating: C

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £300,000.

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

A fantastic opportunity to acquire a substantial commercial unit currently occupied by Go Local, a popular and well-established convenience store, situated in a prime spot on Manchester Road, Bury. Ideally located for access to Bury town centre, Pilsworth, Whitefield, and major transport links, the property benefits from strong passing trade and a thriving residential catchment.

The property currently generates £2,200 per month (£26,400 per annum) under a Full Repairing and Insuring (FRI) lease, with the lease due to expire later this year. This offers flexibility for a new owner to take occupation themselves or re-let the premises and potentially achieve a higher rental income.

In addition, there are two garages to the rear, which are informally rented out separately and generate further income of £60 per month, per garage enhancing the overall return on investment.

Parking is available in the layby directly in front of the property, providing convenient access for customers and staff, and further boosting the property’s appeal for retail or commercial use.

The property comprises:

• Main Retail Area (large open-plan shop floor)

• Three Store Rooms

• Staff Room

• Office

• WC

• Two Garages (separately accessed and rented out)

Rateable Value: £15,750

(Please note: This is the rateable value used by the council to calculate business rates. It is not the rent or the amount you pay in business rates.)

This is a brilliant opportunity to acquire a significant commercial property with two income streams in a thriving area.

Viewings are strictly by appointment through Normie Estate Agents.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as ‘The Auctioneer’.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneer’s website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the Marketing Agent and The Auctioneer to ensure all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range of + or - 10% of the ‘Starting Bid’.

A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or land title purchase.

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of £6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or obligation to use these recommended suppliers or services.