Description
A modern industrial investment opportunity let to an established single tenant by way of a 6-year lease until 15 March 2031 at an initial rent of £25,000 per annum, rising to £27,500 per annum from 16 May 2026, representing a gross yield of 9.16% based on the guide price.
The property comprises a versatile light industrial building situated on a generous plot within a residential area. The building extends to approximately 218 Sq M (2,347 Sq Ft) and benefits from excellent natural light via roof lights, an internal office, and W/C. Access is provided by a pedestrian door and a loading ramp with a roller shutter. The attached office block features a separate entrance, two offices, a reception area with a service hatch, and W/C. A secure gated yard surrounds the entire unit, ensuring easy access to all elevations.
Alma Street Works is situated off Meadowcroft, which is accessed via Alma Street and Ainsworth Road (B6292). The site is ideally positioned for access to Radcliffe town centre, just 1 mile to the south, and offers excellent transport links being located just 3.5 miles from Junction 17 of the M60 motorway and 3.3 miles from Bury town centre.
Providing a robust income stream, with a security deposit held by the landlord, the property also offers future development potential, subject to obtaining the necessary consents.
Costs
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4% of the purchase price (subject to a minimum of £3,600 inc. VAT)
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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding 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.
