Commercial Property in Stockport

341 & 341a Wellington Road North, Stockport, Greater Manchester SK4 4QG
  • Lot No: 36
  • Property Type: Commercial Property
  • Contract Type: Unconditional with Variable Fee

Guide Price* £275,000+ plus fees

Result Sold at Auction £415,000

Property Description

A Commercial property situated in a corner position in a great trading location. Basement and Ground floor is let to Dominos Pizza. Their original 20 year lease from 2004 is currently rolling over at £20,000 per annum. A new 20 year lease has been agreed with 5 year rent reviews and 10 year tenant break option (tenant break option is in negotiation) at £25,000 which is due to be signed imminently. The upper floors are vacant and may offer scope for conversion to a residential flat or office space, subject to any required planning permission. To the side is car parking which may also offer scope for extension. Well placed in a popular location and on a main route linking Stockport to Manchester City Centre. A superb freehold investment opportunity.

Tenure

Freehold


Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.