18 Standishgate Wigan Greater Manchester WN1 1UE

18 Standishgate
Wigan
Greater Manchester
WN1 1UE

Freehold Retail Investment

  • Entirely let to Vision Express (UK) Limited
  • January 2016 tenant option to determine not exercised
  • Close to the Grand Arcade and The Galleries Shop ping Centres
  • Nearby occupiers include Marks & Spencer, Caffè Nero, Boots the Chemist, Waterstones, Next, H&M, WH Smith and Starbucks
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    52
  • Auction
    11th February 2016
  • Rent
    £52,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £595,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Insolvency Practitioners Deloitte
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Entirely let to Vision Express (UK) Limited
  • January 2016 tenant option to determine not exercised
  • Close to the Grand Arcade and The Galleries Shop ping Centres
  • Nearby occupiers include Marks & Spencer, Caffè Nero, Boots the Chemist, Waterstones, Next, H&M, WH Smith and Starbucks
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 52
  • Auction 11th February 2016
  • Rent
  • Status Sold
  • Price £595,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Insolvency Practitioners Deloitte

Property Information

Location
Miles
18 miles north-west of Manchester, 20 miles north-east of Liverpool
Roads
A49, A577, M6, M58, M61
Rail
Wigan Wallgate Railway Station
Air
Liverpool John Lennon Airport, Manchester Airport
Situation

The property is prominently situated on the western side of pedestrianised Standishgate opposite Marks & Spencer and Caffè Nero. Close by is the Grand Arcade Shopping Centre housing retailers including Superdrug, Waterstones, Boots the Chemist, BHS, Next and H&M. Other nearby occupiers include WH Smith, B&M Bargains, Wilko and Starbucks.

Tenure

Freehold.

Location
Miles
18 miles north-west of Manchester, 20 miles north-east of Liverpool
Roads
A49, A577, M6, M58, M61
Rail
Wigan Wallgate Railway Station
Air
Liverpool John Lennon Airport, Manchester Airport
Situation

The property is prominently situated on the western side of pedestrianised Standishgate opposite Marks & Spencer and Caffè Nero. Close by is the Grand Arcade Shopping Centre housing retailers including Superdrug, Waterstones, Boots the Chemist, BHS, Next and H&M. Other nearby occupiers include WH Smith, B&M Bargains, Wilko and Starbucks.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation in the basement and on the first and second floors.

Six Week Completion

Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail accommodation with ancillary accommodation in the basement and on the first and second floors.

Six Week Completion

Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
Basement
Ground
First
Second
Ancillary
Retail
Ancillary
Ancillary
153.90 sq m
149.70 sq m
146.80 sq m
115.90 sq m
(1,657 sq ft)
(1,611 sq ft)
(1,580 sq ft)
(1,248 sq ft)
VISION EXPRESS
(UK) LIMITED (1)
10 years from 17/01/2011 (2) £52,500 17/01/2016
(16/01/2021)
Totals  
566.30 sq m
(6,096 sq ft)
    £52,500

(1) For the year ending 31/12/2014, Vision Express (UK) Limited reported a turnover of £240,510,000, pre-tax profits of £12,854,000 and a total net worth of £38,146,000. (Source: Experian Group 11/01/2016)
(2) The tenant did not exercise their January 2016 option to determine.

Property Documents

  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    659 KB
    View PDF
  • Site Plan
    Updated Date
    30.10.19
    File Size
    86 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Olswang LLP 2nd Floor, The Blade Abbey Square
Reading
RG1 3BE
Carol Griffin 0207 071 7357carol.griffin@olswang.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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