Sold for £124,000

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By Order of the Executor

Freehold mixed use building comprising retail ground and basement floors with a 1 bedroom flat above. Requiring repair and refurbishment, development potential, vacant.

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Description/Location

The property is an unfinished development project, it is dilapidated and the shop floors have been partially removed with supports / joists in place - considered unsafe for viewings. Planning was granted 18/10/2012 Ref: DC/050394 for conversion of the shop, removal of the single storey rear extension and replacement with part single, part 2 storey extensions forming 1 x 2 bedroom and 1 x 3 bedroom flats.

Auctioneers Note: The seller has instructed us NOT to conduct internal viewings due to the removal of floors.

Tenure

Freehold

Local Authority

Stockport Metropolitan Borough Council

Office Contact

Network Auctions - 020 7871 0420

Accommodation

Current Accommodation: Lower ground and ground floor retail areas (floors removed), kitchen area, wc. Rear access to ground floor kitchen to flat 16a with stairs to the first floor. First Floor landing, siting room / kitchen, bedroom, bathroom. Proposed Accommodation: 1 x 3 bed, 1 x 2 bed flats.

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.