Let to Galloways Bakers Limited until 2024 (no breaks)
Prominent town centre location
Diagonally opposite Marketgate Shopping Centre and close to Grand Arcade Shopping Centre
Nearby occupiers include Ladbrokes (adjacent) RBS, Nationwide, Thomas Cook and Yorkshire Building Society
Lot 26
Auction 14th February 2018
Rent £27,000 per Annum Exclusive
Status Sold
Price £344,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of a Major Institution
Property Information
Location
Miles
18 miles north-west of Manchester
20 miles north-east of Liverpool
12 miles west of Bolton
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 eastern side of Market Place, at its junction with Market Street. The property is within close proximity of both the Marketgate Shopping Centre and Grand Arcade Shopping Centre. Occupiers nearby include Barclays Bank, Lloyds Bank and Thomas Cook (opposite), Greggs, Santander, Waterstones and Ladbrokes.
Tenure
Freehold.
Location
Miles
18 miles north-west of Manchester
20 miles north-east of Liverpool
12 miles west of Bolton
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 eastern side of Market Place, at its junction with Market Street. The property is within close proximity of both the Marketgate Shopping Centre and Grand Arcade Shopping Centre. Occupiers nearby include Barclays Bank, Lloyds Bank and Thomas Cook (opposite), Greggs, Santander, Waterstones and Ladbrokes.
Tenure
Freehold.
Description
The property is arranged over ground and three upper floors to provide a ground floor shop with part ancillary and part office accommodation above. We understand that the additional office space, which is separately accessed from Coopers Row, is used for residential.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is arranged over ground and three upper floors to provide a ground floor shop with part ancillary and part office accommodation above. We understand that the additional office space, which is separately accessed from Coopers Row, is used for residential.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
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
Next Review/ (Reversion)
Ground Basement First Second First (3) Second (3) Third (3)
15 years from 11/08/2009 on a full repairing and insuring lease (2)
£27,000
11/08/2019/ (10/08/2024)
Total
302.26 sq m
(3,253 sq ft)
£27,000
(1) Galloways operate from 23 shops in the North West (Source : www.gallowaysbakers.co.uk) (2) The lease is subject to a schedule of condition. (3) We understand this accommodation has been converted and used for residential. Separate access from Coopers Row.
