13-15 Fleet Street Orrell Wigan Greater Manchester WN5 0DU

13-15 Fleet Street
Orrell
Wigan
Greater Manchester
WN5 0DU

Freehold Retail Investment with Fixed Rental Increases

Let to Martin McColl Limited until 2032
2% per annum compounded rental increases
Prominent and well located retail site & within 600m of 3 school
Neighbouring occupiers include KFC, Boots Pharmacy and William Hill
Orell town centre car park is located immediately at the rear of the property
Vat-Free Investment

Lot
29
Auction
28th October 2020
Rent
£27,602 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Live Streamed Auction

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Freehold Retail Investment with Fixed Rental Increases

Let to Martin McColl Limited until 2032
2% per annum compounded rental increases
Prominent and well located retail site & within 600m of 3 school
Neighbouring occupiers include KFC, Boots Pharmacy and William Hill
Orell town centre car park is located immediately at the rear of the property
Vat-Free Investment

Lot 29
Auction 28th October 2020
Rent £27,602 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 2 miles west of Wigan; 18 miles north-east of Liverpool; 20 miles east of Manchester
Roads: A557, M6, M58
Rail: Orrell Railway Station
Air: Manchester International Airport

Situation

Orrell is approximately 2 miles west of Wigan town centre at the junction of the M6 and the M58 motorways. The property is prominently situated on the east side of Fleet Street, close to the busy junction with Ormskirk Road (A577), with neighbouring occupiers including KFC, Boots Pharmacy and William Hill.

Tenure

Freehold.

Location

Miles: 2 miles west of Wigan; 18 miles north-east of Liverpool; 20 miles east of Manchester
Roads: A557, M6, M58
Rail: Orrell Railway Station
Air: Manchester International Airport

Situation

Tenure

Freehold.

Description

The property comprises a detached building with retail accommodation on the ground floor and ancillary accommodation in the basement. Orrell town centre car park is located immediately behind the property.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal pack at www.acuitus.co.uk

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See Legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground Basement	Retail Ancillary	103.86 sq m 84.91 sq m	(1,118 sq ft) (914 sq ft)	MARTIN MCCOLL LIMITED (1) (Not in occupation)	20 years from 16/04/2012 until 2032 on a full repairing and insuring lease (2)	£27,602	16/04/2022 and 5 yearly (fixed rental increases at 2% per annum compounded)
Total		188.77 sq m	(2,032 sq ft)			£27,602

(1) For the year ending 25 November 2018, Martin McColl Limited reported a turnover of £835,333,000, pre-tax profits of £34,718,000 and shareholders funds of £218,271,000 (Source: SmartSearch 26/08/2020) With around 1,400 convenience stores and newsagents across England, Scotland and Wales (Source: www.mccolls.co.uk)
(2) The lease provides for 5 yearly rent reviews with fixed rental increases at 2% per annum compounded.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.