20-22 Gerrard Street
Ashton in Makerfield, Nr Wigan
WN4 9AA

Freehold Retail Investment

  • Double fronted retail building
  • Prominent location on busy Gerard Street
  • VAT free Investment
  • Neighbouring occupiers include, Subway, Natwest, TSB Bank, KFC, ALDI and Boots
  • Lot
    7
  • Auction
    09/Jul/2020
  • Rent
    £25,000 per Annum Exclusive
  • Status
    Contact Us
  • Price*
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 20-22 Gerrard Street<br>Ashton in Makerfield, Nr Wigan<br>WN4 9AA
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
16 miles west of Manchester, 16 miles north-east of Liverpool, 11 miles south-west of Bolton
Roads
M6 (Junction 24) A58, A580
Rail
Bryn Railway Station
Air
Manchester Airport
Situation

Ashton-in-Makerfield is a Town strategically situated immediately east of Junction 24 of the M6. The property is prominently situated on the west side of the busy Gerard street. Neighbouring occupiers include, Subway, Natwest, TSB Bank, KFC, ALDI and Boots.

Tenure

Freehold.

Description

The property comprises a double fronted retail unit with retail accommodation on the ground and first floor. The property also benefits from access and parking to the rear.

VAT

VAT is not 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
Retail
Retail
163.80 sq m
140.80 sq m
(1,763 sq ft)
(1,515 sq ft)
J G TWIST
(RETAIL) LIMITED
t/a Gee Tee’s (1)
3 years from
01/10/2019 on a full
repairing and
insuring lease
£25,00030/09/2022
Total
304.60 sq m
(3,278 sq ft)
  £25,000 

(1) J G Twist (Retail) Limited were incorporated in 1996 and currently operate from 5 outlets in the Lancashire area. For the year ending 31st March 2019, they reported total assets of 971,047 and shareholders funds of 703,860 (Source: SmartSearch 12/06/2020).

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
    06.07.20
    File Size
    28 MB
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  • Catalogue Page
    Updated Date
    22.06.20
    File Size
    953 KB
    View PDF
  • Site Plan
    Updated Date
    22.06.20
    File Size
    719 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 A1 Sovereign Business Park, Kings Croft Court
Wigan
WN1 3AP
Gary Shepherd 01942 246241gshepherd@abhlaw.co.uk

Useful Links

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