Property Details - 60-62 Market Street, Shaw, Oldham

Photo of 60-62 Market Street, Shaw, Oldham

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Lot 16

The property is a two storey building with a flat roof, that is currently let to Tesco and trades as a Tesco Express. We understand that the passing rent is £29,500 and there are approximately 5 years remaining. Notice has been served following the latest rent review in the order of £40,000 per annum and this rent review will be assigned to the purchaser. The property has air-conditioning and occupies a corner plot. The property forms part of a popular trading area that includes well known and local traders. The likes of Greggs, Barclays Bank and Iceland are all nearby. The centre is well served by car parks. This property offers an ideal investment opportunity and will no doubt be of interest to property investors seeking a sound commercial rental opportunity.

ACCOMMODATION

Sales area 3024sf
First Floor Offices/Staff Area 645 sf
First Floor Storage Area 581 sf
TOTAL 4251sf

TENURE

Freehold

LOCAL AUTHORITY & TAX RATING

Oldham Council 0161 770 4730
Rateable Value £31,500

VIEWING TIMES

There will be no viewing sessions although interested parties can enter the ground floor area during normal Tesco opening hours.

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Price Information

*Guides 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. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

Buyers Premium of £600 inclusive of VAT
Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
Stamp Duty - rates easily available on-line
Your solicitor fees and any survey fees
Insurance - it is your responsibility from the date of exchange to insure the property purchased.

60-62 Market Street, Shaw, Oldham