Prominent town centre location close to The Galleries Shopping Centre and Grand Arcade Shopping Centre
Nearby occupiers include Barclays Bank, Greggs, Santander and Ladbrokes
2021 break option removed
Lot 78
Auction 19th October 2017
Rent £100,000 per Annum Exclusive
Status Sold
Price £1,350,000
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
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, Wigan North Western
Air
Liverpool John Lennon Airport, Manchester International Airport
Situation
The property is situated in a prominent location on the western side of Market Place, at its junction with Market Street and Wallgate. The property is within close proximity of both the the New Galleries Shopping Centre and Grand Arcade Shopping Centre which have occupiers including Waterstones, WH Smith and Superdrug. Other nearby occupiers including Barclays Bank, Greggs, Santander and Ladbrokes.
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, Wigan North Western
Air
Liverpool John Lennon Airport, Manchester International Airport
Situation
The property is situated in a prominent location on the western side of Market Place, at its junction with Market Street and Wallgate. The property is within close proximity of both the the New Galleries Shopping Centre and Grand Arcade Shopping Centre which have occupiers including Waterstones, WH Smith and Superdrug. Other nearby occupiers including Barclays Bank, Greggs, Santander and Ladbrokes.
Tenure
Freehold.
Description
The property comprises a ground floor banking hall with office accommodation and meeting rooms on the first and second floors and basement ancillary accommodation. The property also benefits from an access way at the rear.
VAT
VAT is applicable to this lot.
Viewings
There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Georgina Roberts. Telephone: +44 (0)207 0344 4863. Email:georgina.roberts@acuitus.co.uk
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 ground floor banking hall with office accommodation and meeting rooms on the first and second floors and basement ancillary accommodation. The property also benefits from an access way at the rear.
VAT
VAT is applicable to this lot.
Viewings
There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Georgina Roberts. Telephone: +44 (0)207 0344 4863. Email:georgina.roberts@acuitus.co.uk
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
10 years from 03/01/2016 until 03/01/2026 on a full insuring and repairing lease (2)
£100,000
03/01/2021
Total
884.97 sq m
(9,526 sq ft)
£100,000
(1) For the year ending 31st December 2016, Lloyds Bank Plc reported a pre-tax profits of £1,977,000,000 and a total net worth of £49,326,000,000 (Source: Experian Group 28/02/2017). Lloyds Bank have been in occupation since 1996. (2) The tenant is currently benefitting from a rent free period expiring 30/09/2018 in exchange for removing the 2021 break option. The seller has agreed to adjust the completion monies so that the unit effectively produces £100,000 from the completion of the sale.