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£50,000

Red Bridge Mill, Breightmet, Bolton, Bl # Industrial Mill Space Split Into Units For Auction #, BL2

  • 0 beds
Other

£50,000

  • 0 beds
Other
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Estimate monthly mortgage payment:

£228 per month

Minimum deposit amount:

£2,500
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Offered for sale via auction is this industrial mill property which has been divided into three units internally and is offered for sale part income producing. We are advised that Unit One is rented at £300 per calendar month, unit two is vacant and unit three is rented as a storage room at £120 per calendar in the month. Therefore the current total annual income at 18th September 2024 is £5,040 and there is a generous size unit (two) vacant and ready to be occupied by the buyer or perhaps rented as well if so desired.

Amendment: As of 26/9/24 Cardwells were advised that the tenant at Unit Three will be vacating the property "in a few weeks". Therefore it is likely that at the time of the auction Unit Three will be vacant, and the total income will be around £3,600 per annum. 

We are advised that the units are potentially eligible for small business rates relief, though of course a criteria applies to achieve this and that no EPC is required as this is an industrial building which does not have any heating. We are also advised that the property enjoys parking rights in the gated car park to the right hand side as you drive into the development, we understand that it is not defined how many parking spaces are included.

As with any auction property we encourage all interested parties to study the auction pack for all pertinent details.

The auction will take place on 6th November 2024, bidding opens 10.00am. In the first instance there is a walk through viewing video available to watch and then a personal viewing inspection can be arranged by calling Cardwells Estate Agents Bolton on 01204 381281, emailing; [email protected] or visiting: www.cardwells.co.uk.  

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Stamp Duty tax
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Mortgage and legal costs:
£999
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