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 9th July 2020
Rent £37,500 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
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.
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.
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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
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
23/04/2023
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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
