Diagonally opposite Marketgate Shopping Centre and close to Grand Arcade Shopping Centre
Nearby occupiers include RBS, Nationwide, Thomas Cook, Yorkshire Building Society, Barclays, Greggs and Waterstones
First time on the market in 20 years
Lot 43
Auction 28th March 2018
Rent £37,500 per Annum Exclusive
Status Sold
Price £474,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Wesleyan
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 the Grand Arcade Shopping Centre. Occupiers nearby include Barclays Bank, Lloyds Bank and Thomas Cook (opposite), Greggs, Waterstones and Santander.
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 the Grand Arcade Shopping Centre. Occupiers nearby include Barclays Bank, Lloyds Bank and Thomas Cook (opposite), Greggs, Waterstones and Santander.
Tenure
Freehold.
Description
The property is arranged over ground and two upper floors to provide a ground floor bookmakers with ancillary accommodation above.
VAT
VAT is 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 two upper floors to provide a ground floor bookmakers with ancillary accommodation above.
VAT
VAT is 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 First Second
Retail Ancillary Ancillary
109.70 sq m 82.15 sq m 71.70 sq m
(1,181 sq ft) (884 sq ft) (772 sq ft)
LADBROKES BETTING & GAMING LIMITED (1)
10 years from 24/04/2013 on a full repairing and insuring lease
£37,500
24/04/2018 (23/04/2023)
Total
263.55 sq m
(2,837 sq ft)
£37,500
(1) For the year ended 31st December 2016, Ladbrokes Betting & Gaming Limited reported a turnover £843,978,000, a pre-tax loss of £499,547,000 and a total net worth of £722,200,000 (Source: Experian 12/01/2018). Ladbrokes operates from over 3,500 shops across England, Wales and Scotland under the Ladbrokes and Coral brands (www.ladbrokescoralplc.com).
