Luminar Leisure 35-45 King Street Wigan Greater Manchester WN1 1BS

Luminar Leisure
35-45 King Street
Wigan
Greater Manchester
WN1 1BS

Freehold Public House Investment

  • Let to Black Cat Bars (Wigan) Ltd until 2030 (no breaks)
  • Located in Wigan’s leisure district
  • Nearby occupiers include Revolution Bar, Reflex Nightclub, The Hub Nightclub and Bentleys Bar
  • Approximate floor area of 2,128.59 sq m (22,912 sq ft)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    121
  • Auction
    13th October 2016
  • Rent
    £55,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    Public House
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of a Major Fund Manager
  • Expand
  • Photos
  • Map

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

Freehold Public House Investment

  • Let to Black Cat Bars (Wigan) Ltd until 2030 (no breaks)
  • Located in Wigan’s leisure district
  • Nearby occupiers include Revolution Bar, Reflex Nightclub, The Hub Nightclub and Bentleys Bar
  • Approximate floor area of 2,128.59 sq m (22,912 sq ft)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 121
  • Auction 13th October 2016
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    Public House
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of a Major Fund Manager

Property Information

Location
Miles
18 miles north-west of Manchester, 20 miles north-east of Liverpool
Roads
A49, A577, M58 (junction 26)
Rail
Wigan Wallgate
Air
Liverpool John Lennon Airport, Manchester Airport
Situation

The property is situated in the leisure district of Wigan town centre, just south of the main retailing area on King Street, off the A49. King Street is predominantly occupied by bars, nightclubs and restaurants with occupiers including Revolution Bar, Reflex Nightclub, The Hub Nightclub and Bentleys Bar. The location benefits from good transport links, with Wigan Wallgate Railway Station just a 2 minute walk away, and two car parks located to the rear of the property accessed from the A49.

Tenure

Freehold.

Location
Miles
18 miles north-west of Manchester, 20 miles north-east of Liverpool
Roads
A49, A577, M58 (junction 26)
Rail
Wigan Wallgate
Air
Liverpool John Lennon Airport, Manchester Airport
Situation

The property is situated in the leisure district of Wigan town centre, just south of the main retailing area on King Street, off the A49. King Street is predominantly occupied by bars, nightclubs and restaurants with occupiers including Revolution Bar, Reflex Nightclub, The Hub Nightclub and Bentleys Bar. The location benefits from good transport links, with Wigan Wallgate Railway Station just a 2 minute walk away, and two car parks located to the rear of the property accessed from the A49.

Tenure

Freehold.

Description

The property comprises a three storey public house currently trading as two units. Mortimer’s Bar comprises a ground floor only unit, whilst Jaks is arranged over part ground, first and second.

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 a three storey public house currently trading as two units. Mortimer’s Bar comprises a ground floor only unit, whilst Jaks is arranged over part ground, first and second.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Unit No. Floor Floor Areas (Approx) Tenant Term Rent p.a.x. Reviews
Mortimer’s Bar
Jaks Bar
Ground
Part Ground,
First & Second
984.95 sq m
1,143.63 sq m
(10,602 sq ft)
(12,310 sq ft)
BLACK CAT BARS
(WIGAN) LTD
(with personal guarantee)
15 years from
28/04/2015 until
27/04/2030 on a full repairing and insuring lease
£55,000 (1) 28/04/2020
and
28/04/2025
Total   2,128.59 sq m (22,912 sq ft)     £55,000  

(1) For the purposes of clarification, Black Cat Bars (Wigan) Ltd is currently paying £30,000 p.a.x. rising to £55,000 p.a.x. on 27th April 2017. The seller has agreed to adjust the completion monies so that the unit will effectively produce £55,000 p.a.x. from completion of the sale.

Property Documents

  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    650 KB
    View PDF
  • Site Plan
    Updated Date
    30.10.19
    File Size
    108 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
Irwin Mitchell LLP 40 Holborn Viaduct
London
EC1N 2PZ
Victoria Rounding 0207 421 3974victoria.rounding@irwinmitchell.com

Useful Links

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

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now