Lot
052
Auction Ends: 19/10/2022 13:54

1 Wallgate, Wigan WN1 1LD, And 1-5 Library Street, Wigan, Lancashire WN1 1NN

Property Details
Location
Auction Details
Description
A substantial freehold town centre investment comprising a former banking hall extending to approximately 470 Sq M (5,094 Sq Ft) (source EPC). The property has been converted into smaller individual units and is currently let producing an equivalent annual income of £71,360. The current tenants comprise a mixture of local retailers, offices and solicitors practice.
Location
The property is prominently situated on the corner of Wallgate and Library Street in the heart of Wigan Town Centre. Surrounding occupiers include national pub and restaurant chains and a variety of national and independent retailers.
Accommodation
Pugh & Co have not inspected the property internally and buyers are advised to rely solely upon their own enquires. 
Planning
Interested parties should consult direct with the Local Planning Authority: Wigan Council, Wigan Life Centre, The Wiend, Wigan, WN1 1NH. Telephone: 01942 489 144. Email:[email protected]
Tenancy
Address                                                             Tenancy Expiry           Rent

Shop at 1-3 Library Street15th March 2026£10,740 p/a
Suite 1, 4 Bank Chamber t/a Daffodils Dreams15th April 2022£4,740 p/a
Suite 4, Bank Chambers t/a Simpson Heald & Pearson31st May 2019£4,000 p/a
Suite 302 Bank Chambers5th March 2019£3,300 p/a
Suite 303 Bank Chambers t/a OLA247 Ltd14th August 2023 - £3,540 p/a
Suite 206 Bank Chambers3rd March 2020£3,300 p/a
Suite 207 Bank Chambers21st March 2022£3,000 p/a
Suite 208 t/a Craig Baker Driving Training23rd August 2023£7,800 p/a
1 Wallgate Street t/a Boylesports (UK) Ltd20th July 2032£19,000 p/a
5 Library Street t/a Baby, Scan and Beyond Ltd31st October 2024£11,940 p/a

Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
VAT
We understand that VAT will be charged at the prevailing rate, in addition to the purchase price.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 18TH OCTOBER AND CLOSES ON WEDNESDAY 19TH OCTOBER.

3. Energy Performance Certificates: 1 Wallgate = E. 1-3 Library Street = D. 5 Library Street = E.
Addendum
We understand that VAT will be charged at the prevailing rate, in addition to the purchase price.

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