Amazing Investment Opportunity – Manchester Road, Bury

Starting Bid: £160,000 | Well-Established Tenant | £13,000 per annum + Additional Garage Income | EPC Rating: C

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £160,000.

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.

An amazing opportunity to purchase a commercial investment with a well-established tenant already in place. Situated on Manchester Road, Bury, the property is ideally located for access to Bury town centre, Pilsworth, Whitefield, and beyond, with regular bus services operating along Manchester Road.

This single-unit terraced property offers approximately 509 sq ft (47.3 sq m) of internal space and is let to a successful, long-standing beauty business. The tenant is on a five-year lease commencing 18th January 2021 and has occupied the premises for a number of years, offering an excellent level of security for any buyer. The current rental income for the is £13,000 per annum.

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

The property comprises:

• Main Shop Area: 5.26m x 4.37m (17’3” x 14’4”)

• Treatment Room: 2.32m x 1.73m (7’7” x 5’8”)

• Treatment Room: 2.39m x 1.74m (7’10” x 5’9”)

• Tanning Room: 3.40m x 1.43m (11’2” x 4’8”)

• Tanning Room: 3.40m x 1.32m (11’2” x 4’4”)

• Kitchen Area: 1.38m x 0.99m (4’6” x 3’3”)

• WC: 1.61m x 1.33m (5’3” x 4’4”)

Additional benefits include layby parking to the front for customers and staff.

The property is held on a full repairing and insuring lease, ensuring a low-maintenance and attractive investment opportunity.

Rateable Value (2024): £3,850 per annum

Rates Payable: £1,921.15 per annum

(If this is your only commercial property and the rateable value is under £13,000, you could apply for 100% small business rates relief.)

This is a brilliant, ready-made investment in a highly accessible location with two separate income streams. Viewings are strictly by appointment through Normie Estate Agents.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with Normie Estate Agents 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 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, 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 on request,containing details relevant to the legal documentation and enabling all interested parties to make an informed decision before bidding. It is strongly advised that you seek legal advice prior to bidding.

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% including VAT (subject to a minimum of £6,000 including VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price.

Both the Marketing Agent and The Auctioneer may recommend third party services for which they may receive a referral fee. There is no obligation to use any of these recommended suppliers.