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
    28/Oct/2020
  • Rent
    £27,602 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 13-15 Fleet Street<br>Orrell<br>Wigan<br>Greater Manchester<br>WN5 0DU
  • Expand
  • Photos
  • Map

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

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.

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

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
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)
£27,60216/04/2022
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 £1,000 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

  • Catalogue Page
    Updated Date
    07.10.20
    File Size
    4 MB
    View PDF
  • Site Plan
    Updated Date
    07.10.20
    File Size
    432 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
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
KBL 12 Cunningham Court,
Blackburn,
BB1 2QX
Zaheer Ahmed 01204 558287ZAhmed@kbl.co.uk

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now