Multi-Let Mill and Industrial Complex – Currently Producing £211,013.46 pa – With Potential To Increase

Substantial multi-let industrial and mill complex, briefly comprising a mainly four storey mill building which has been subdivided into lettable units plus a single storey detached building to the front and a more modern single storey terrace of industrial units to the side with on site parking in the centre. Tenancies As at April 2024, the complex is let and producing a rental of £211,013.46 pa. The rentals could be significantly increased by asset management, refurbishment and further lettings of the vacant units. We are informed that the landlord charges the tenants as standard (on the majority of units) 35p per sqft service charge, 35p per sqft for building insurance and 4p per sqft for water. Please see tenancy schedule contained in the legal pack for the latest position. Location Hartford House/Works is situated off Weston Street via a gated entrance and shared service area. The works are conveniently positioned approximately ½ a mile west of St Peter's Way (A666) dual carriageway which connects onto the M61 approximately 2.5 miles to the south and half a mile south of Bolton town centre. Tenure: Freehold & Leasehold Title number: GM734707 (freehold, part only), LA356710 (leasehold) Council Tax Band : n/a Local Authority: Bolton Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip

Tenure

Freehold

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Local Authority

Bolton Metropolitan Borough Council

Solicitors

Gorvins Solicitors, Ref: Gorvins Solicitors

Additional Fees

Administration Charge - 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.