Freehold Residential Development Opportunity with Planning Consent
Freehold Residential Development Opportunity with Planning Consent
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.
Freehold.
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.
Freehold.
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 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).
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).
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
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 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).
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).
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x |
|---|---|---|---|---|---|
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.
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