13-15 Market Place
Wigan
Lancashire
WN1 1PE

Freehold Retail Investment

  • Let to Ladbrokes Betting & Gaming Limited
  • Prominent town centre location
  • Diagonally opposite Marketgate Shopping Centre and close to Grand Arcade Shopping Centre
  • Occupiers nearby include Barclays Bank, Lloyds Bank, Greggs, Starbucks and Santander
  • Lot
    6
  • Auction
    09/Jul/2020
  • Rent
    £37,500 per Annum Exclusive
  • Status
    Available
  • Price*
    £400,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 13-15 Market Place<br>Wigan<br>Lancashire<br>WN1 1PE
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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 prominently situated on the east side of Market Place, at its junction with Market Street. The property is within close proximity to both the Marketgate Shopping Centre and the Grand Arcade Shopping Centre. Occupiers nearby include Barclays Bank, Lloyds Bank, Greggs, Starbucks and Santander.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReversion
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
£37,50023/04/2023
Total
263.55 sq m
(2,837 sq ft)
  £37,500 

(1) Ladbrokes operate from over 3,500 shops across England, Wales and Scotland under the Ladbrokes and Coral brands (www.ladbrokescoralplc.com). For the year ending 31st December 2018, Ladbrokes Betting and Gaming Limited reported a turnover of 732,366,000, pre-tax profits of negative -43,794,000 and total assets of 2,143,638,000 (Source: SmartSearch 11/06/2020).

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    02.07.20
    File Size
    11 MB
    Login to View
  • Catalogue Page
    Updated Date
    22.06.20
    File Size
    826 KB
    View PDF
  • Site Plan
    Updated Date
    22.06.20
    File Size
    760 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    20.05.20
    File Size
    694 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
ABH Solicitors
Gary Shepherd 01942 246241gshepherd@abhlaw.co.uk

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now