Property Details
Pugh Auctions
Lot 007
Lot 007
Auction: February 2017

73-75 Gerard Street And 1 × 1a Warrington Street, Ashton-in-makerfield, Wigan, Lancashire, WN4 9AG

Property Placeholder
Withdrawn
Property Details
Location

The property occupies a prominent position on the edge of the town centre at the junction of Gerard Street (A58) and Warrington Road (A49). Ashton in Makerfield lies approximately 3.75 miles south of Wigan and benefits from access to Junction 24 of the M6 motorway less than 0.5 mile to the west. Nearby are national multiples such as NatWest Bank and TSB, as well as a range of regional and local retailers.

Description

Three storey property arranged as four retail units to ground and basement, together with eight flats to the first and second floors. The upper floors are subject to long leasehold interests. Three of the retail units are tenanted and one is vacant offering an opportunity to increase the income.

Tenure

Freehold.

Planning

Interested parties should consult with the Local Planning Office, Wigan Council, Planning & Transport, Places Directorate, PO Box 100, Wigan WN1 3DS. Tel: 01942 489250. Attn Dave Round.

Tenancy

Unit Floor Use Floor Areas (Approx) Tenant Term Rent P.A.X Reviews/(Reversion) 73 Gerard St Ground Retail 61 sq m (658 sq ft) Individual (t/a Mack) A term until 11/2016 ú3,840 (11/2016) 75-77 Gerard St Ground Basement Retail Ancillary 58 sq m (623 sq ft) 50 sq m (538 sq ft) Vacant - - - 1 Warrington Rd Ground Basement Retail Ancillary 47 sq m (502 sq ft) 50 sq m (538 sq ft) Market Kitchen LTD 3 years from 27/8/2015 ú9,000 (3) (26/8/2018) 1a Warrington Rd Ground Retail 46 sq m (494 sq ft) Individual (t/a All Planned) 1 year from 1/3/2015 (holding over) (4) ú4,740 (3) (28/2/2016) 73-75 Gerard St & 1-1A First & Second 8 Self-Contained Residential Flats Individuals 99 years from 27/8/2008 Peppercorn Total Commercial Area 334 sq m (3,596 sq ft) ú23,580 1) Respective Associates Limited was incorporated in November 2005. Ashtons Estate Agents operate from 8 outlets in the North West of England. (Source: www.ashtons.net) For the year ending 31st March 2015, Respective Associates Limited reported a total net worth of ú492,506. (Source: www.riskdisk.com) 2) The lease provides for a tenant option to determine the lease on 8th October 2017. 3) The tenant pays the rent monthly. 4) The tenant has expressed an interest in signing a new lease

General

1) Please refer to the Legal Pack for Energy Performance Certificates. 2) Six week completion. 73 Gerard Street - Energy Performance Certificate = D.

Addendum

This lot has been WITHDRAWN from the auction.

Property Location Address:
73-75 Gerard Street And 1 × 1a Warrington Street,
Ashton-in-makerfield,
Wigan,
Lancashire,
WN4 9AG
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Auction Details
Auction: February 2017 Date: 21st February 2017 Lot Number: 007 Doors Open: 12:00pm Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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