73-75 Gerard Street And 1 × 1a Warrington Street, Ashton-in-makerfield, Wigan, Lancashire, WN4 9AG
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.
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.
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.
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
1) Please refer to the Legal Pack for Energy Performance Certificates. 2) Six week completion. 73 Gerard Street - Energy Performance Certificate = D.
This lot has been WITHDRAWN from the auction.
WN4 9AG Open in Google Maps
You may also like:
Get In Touch
Do you have a query, or a property to sell? Complete this form and an expert will be in touch promptly.
Mon-Fri: 09:00am - 5:30pm