1 Kings Croft Court
Wigan
Lancashire
WN1 3AP

Freehold Residential Development Opportunity with Planning Consent

  • Approximate Site area of 1,736 sqm (0.17 Hectares / 0.43 acres)
  • Consent granted for 15 flats
  • Agreement for lease to Hilldale Housing Association Limited at 136,500 per annum for 20 years with CPI linked annual increases
  • Lot
    29
  • Auction
    09/Jul/2020

  • Status
    Contact Us
  • Price*
  • Sector
    Development
  • Auction Venue
    Live Streamed Auction
  • 1 Kings Croft Court<br>Wigan<br>Lancashire<br>WN1 3AP
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  • Photos
  • Map

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

Property Information

Location
Miles
18 miles north-west of Manchester,
19 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

Wigan, is a metropolitan borough of Greater Manchester, 18 miles north-west of Manchester and 19 miles north east of Liverpool. The M6 motorway is located 3 miles to the west. The property is located in a predominantly Commercial area, approximately 800 metres from Wigan Town Centre, Wigan North Western Railway Station and Wigan Wallgate Railway station.

Tenure

Freehold.

Description

The property comprises a broadly regular shaped parcel of land currently laid out as a car park to accommodate approximately 60 cars. The site is approximately 1,736 sq m (0.17 Hectares / 0.43 Acres). The property benefits from planing consent to construct 15 x 1 bedroom Flats.

Planning

Planning permission was granted on 22 November 2019 under Ref: A/18/85681/MAJOR for the construction of a two storey building comprising 15 x 1 bedroom flats for supported living use class C3(B).

Note

An Agreement for Lease has been signed for Hilldale Housing Association Limited to take a full repairing and insuring lease of the entire 15 flats for a term of 20 years at an initial rent of 136,500 per annum exclusive with annual rental increases linked to the Consumer Price Index (CPI).

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x

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
    6 MB
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  • Catalogue Page
    Updated Date
    22.06.20
    File Size
    721 KB
    View PDF
  • Site Plan
    Updated Date
    22.06.20
    File Size
    486 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
    07.10.20
    File Size
    1,016 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

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