Block Lane, Oldham, OL9

For sale via Pearson Ferrier Auctions starting Tuesday 10th September, bidding will be on the Pearson Ferrier website and you can register to bid now. An ideal tenanted investment property comprising a shop to the ground floor and a flat to the first floor with a separate external entrance. It is currently fully let with a combined income of ?12,600 PA. The property is situated in the Chadderton area of Oldham and sits on a corner plot. The shop has a large open plan shop area, kitchen and shower room. The first floor flat has it's own external entrance and comprises an open plan lounge/kitchen area, bedroom, shower room and hallway. The current rent breakdown is ?550pcm for the first floor flat and ?500pcm for the ground floor shop. Buyers are advised to check the legal pack before bidding, this will be available on the Pearson Ferrier website via the bidding window on the property when available. Any changes to the details will be updated on the Pearson Ferrier website before the auction. Pre auction offers are invited under auction conditions.

Additional Information

Tenure - Leasehold, 999 years from 2nd December 1912 with a ground rent of ?2 per yearCouncil Tax - 131a Block Lane - Band ABusiness Rates - 131 Block Lane - ?3,500 per annum before discountsEPC - 131 Block Lane - Band D - 76EPC - 131a Block Lane - Band D - 57 66Ground floor shop let at ?500pcm with an agreement from 21st June 2022 to 21st June 2025First floor flat let at ?550pcm with an agreement from 16th July 2024 for 12 monthsTenancy agreements will be available in the legal pack on the Pearson Ferrier website when available

Auction Information

Please note that with the property being tenanted no access will be given for viewings.The auction is a traditional auction with exchange on the winning bid and completion taking place within 20 working days from the auction (unless stated otherwise in the legal pack).Buyer's Fees - There is a buyer's premium charge of ?2,500 + VAT or 2% of the purchase price (whichever is greater) and a buyer's administration fee of ?500 + VAT. If there are any disbursements from the sellers side these will be detailed in the legal pack. Buyer's are advised to check the legal pack before bidding.Every effort has been made to confirm the accuracy of the details including any defects with the vendor and their solicitor. Pearson Ferrier will not be held responsible for any failure to disclose any such defects. Any purchasers buying without viewing, or if not available carrying out a survey are doing so at their own risk and acknowledge that Pearson Ferrier will not be held responsible for any issues that may arise due to them being unintentionally missed from the advert.