73-75 Gerard Street & 1-1a Warrington Street Ashton-in-Makerfield WN4 9AG

  • 73-75 Gerard Street & 1-1a Warrington Street<br>Ashton-in-Makerfield<br>WN4 9AG

73-75 Gerard Street & 1-1a Warrington Street
Ashton-in-Makerfield
WN4 9AG

Freehold Retail Parade Investment

  • Comprises 4 retail units with 8 residential flats above
  • Town centre location
  • Active management potential
  • Nearby occupiers include NatWest Bank, TSB Bank and Co-operative Food
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    49
  • Auction
    7th July 2016
  • Rent
    £23,580 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Joint LPA Receivers Savills
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Freehold Retail Parade Investment

  • Comprises 4 retail units with 8 residential flats above
  • Town centre location
  • Active management potential
  • Nearby occupiers include NatWest Bank, TSB Bank and Co-operative Food
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 49
  • Auction 7th July 2016
  • Rent £23,580 per Annum Exclusive
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Joint LPA Receivers Savills

Property Information

Location
Miles
21 miles west of Manchester, 16 miles north-east of Liverpool, 11 miles south-west of Bolton
Roads
M6 (Junction 24) A58, A580
Rail
Bryn Railway Station
Air
Manchester Airport
Situation

The property occupies a prominent corner position on Gerard Street (A58) and at its junction with Warrington Road. Junction 24 of the M6 is situated some 800 metres to the west. Nearby occupiers include NatWest Bank, TSB Bank and Cooperative Food.

Tenure

Freehold.

Location
Miles
21 miles west of Manchester, 16 miles north-east of Liverpool, 11 miles south-west of Bolton
Roads
M6 (Junction 24) A58, A580
Rail
Bryn Railway Station
Air
Manchester Airport
Situation

The property occupies a prominent corner position on Gerard Street (A58) and at its junction with Warrington Road. Junction 24 of the M6 is situated some 800 metres to the west. Nearby occupiers include NatWest Bank, TSB Bank and Cooperative Food.

Tenure

Freehold.

Description

The property comprises a corner parade of 4 retail units with 8 residential flats on the first and second floors. The property benefits from rear access off Butchers Lane.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a corner parade of 4 retail units with 8 residential flats on the first and second floors. The property benefits from rear access off Butchers Lane.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews/(Reversion)
73 Gerard Street Ground Retail
61.10 sq m
(658 sq ft)
 INDIVIDUAL
(t/a Mack)		 A term until November 2016 £3,840 (11/2016)
75-77 Gerard Street Ground
Basement		 Retail
Ancillary
57.90 sq m
50.00 sq m
(623 sq ft)
(538 sq ft)
 RESPECTIVE
ASSOCIATES
LIMITED
(t/a Ashtons
Estate Agents) (1)		 5 years from 09/10/2014 (2) £6,000 (08/10/2019)
1 Warrington Road Ground
Basement		 Retail
Ancillary
46.60 sq m
50.00 sq m
(502 sq ft)
(538 sq ft)
 MARKET
KITCHEN LTD		 3 years from 27/08/2015 £9,000 (3) (26/08/2018)
1a Warrington Road Ground Retail
45.90 sq m
(494 sq ft)
 INDIVIDUAL
(t/a All Planned)		 1 year from 01/03/2015
(holding over) (4)		 £4,740 (3) (28/02/2016)
73-75 Gerard Street & 1-1A First and
Second		 8 self-contained residential flats INDIVIDUALS 99 years from 27/08/2008 Peppercorn  
Total Commercial Area    
334.10 sq m
(3,596 sq ft)
     £23,580

(1) Respective Associates Limited was incorporated in November 2005. Ashtons Estate Agents operate from 8 outlets in the North West of England. (Source: www.ashtons.net) For the year ending 31st March 2015, Respective Associates Limited reported a total net worth of £492,506. (Source: www.riskdisk.com)
(2) The lease provides for a tenant option to determine the lease on 8th October 2017.
(3) The tenant pays the rent monthly.
(4) The tenant has expressed an interest in signing a new lease.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Brecher LLP 4th Floor, 64 North Row
London
W1K 7DA
Judith Stacy +44 (0)20 7563 1030jstacy@brecher.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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