Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
4 miles south of Wigan,13 miles south-west of Bolton, 21 miles west of Central Manchester
Roads
A58, A580, M6
Rail
Bryn Railway Station
Air
Manchester Airport
Situation
The property occupies a prominent corner position on Wigan Road, at the junction of Gerard Street (A58) and Bolton Road. Nearby occupiers include Aldi, JD Wetherspoon, Coral and a number of other independent retailers.
Tenure
Virtual Freehold. Majority Virtual Freehold held for a term of 999 years from 1st July
1897 at a fixed ground rent of £27 per annum. A small strip of land
to the rear of the property is held freehold.
Location
Miles
4 miles south of Wigan,13 miles south-west of Bolton, 21 miles west of Central Manchester
Roads
A58, A580, M6
Rail
Bryn Railway Station
Air
Manchester Airport
Situation
The property occupies a prominent corner position on Wigan Road, at the junction of Gerard Street (A58) and Bolton Road. Nearby occupiers include Aldi, JD Wetherspoon, Coral and a number of other independent retailers.
Tenure
Virtual Freehold. Majority Virtual Freehold held for a term of 999 years from 1st July
1897 at a fixed ground rent of £27 per annum. A small strip of land
to the rear of the property is held freehold.
Description
The property comprises a ground floor banking hall with ancillary accommodation on the first floor.
Six Week Completion
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 not applicable to this lot.
Viewings
There will be block viewings for this property. All interested
parties must register their details with the Auctioneers and will
need to provide identification on site.
Please contact George Watkins.
Email: george.watkins@acuitus.co.uk
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor banking hall with ancillary accommodation on the first floor.
Six Week Completion
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 not applicable to this lot.
Viewings
There will be block viewings for this property. All interested
parties must register their details with the Auctioneers and will
need to provide identification on site.
Please contact George Watkins.
Email: george.watkins@acuitus.co.uk
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
Ground First
Banking Hall Offices/Ancillary
181.90 sq m 119.20 sq m
(1,958 sq ft) (1,283 sq ft)
BARCLAYS BANK PLC (1)
20 years from 04/07/2008 until 03/07/2028 (2) on a full repairing and insuring lease (3)
£29,300
25/12/2016 and five yearly thereafter
Totals
301.10 sq m
(3,241 sq ft)
£29,300
(1) For the year ending 31st December 2014, Barclays Bank Plc reported pre-tax profits of £2,309,000,000 and a total net worth of £55,576,000,000. (Source: Experian Group 11/09/2015) (2)The lease provides for a tenant option to determine on the 4th July 2023. (3)The property is let on full repairing and insuring terms, subject to a Schedule of Condition.