Available at: £325,000, 73-75 Gerard Street & 1-1a Warrington Road, Wigan, Lancashire, 433+46057

Property Details

Location

The property is located in the centre of Ashton in Makerfield and benefits from its location at the junction of the M6 and the A580 allowing easy commuting to most of the North West. Gerard's Court itself is located on the corner of Gerard Street and Warrington Road, which form part of the A49.

Description

To be offered by Auction. This three storey property comprises 3 single ground floor retail units with an additional double curved fronted retail unit, with residential accommodation to the upper floors. All units have pavement frontage with service access through the rear yard/car park. The upper floors have residential accommodation comprising 8 self contained let by way of 125 year leasehold agreements.

Accommodation

73 Gerard Street Ground Floor: Retail 40 sq m (431 sq ft) Storage/staff room/WC 24 sq m (258 sq ft)

75-77 Gerard Street Ground Floor: Retail 60 sq m (646 sq ft) Basement: Storage 60 sq m (646 sq ft)

1 Warrington Road Ground Floor: Restaurant and WC 50 sq m (538 sq ft) Basement: Additional seating/staff room/WCs 40 sq m (431 sq ft)

1a Warrington Road Ground Floor: Retail & storage 45 sq m (484 sq ft) Workshop & WC 58 sq m (624 sq ft)

Total: 377 sq m (4058 sq ft)

Outside

Rear yard.

Approx Site Area

Approximately 342 sq m (409 sq yds).

Tenure

Freehold. The upper floors have been let by way of 125 year leasehold agreements from February 2017, at £250 per annum per flat.

Tenancy

73 Gerard St: Ashton Thai Spa - £6,600 p/a (6 year Agreement from 23/05/17). 75 Gerard St: Respective Associates Ltd - £6,000 p/a (5 yrs from 09/10/2014). 1 Warrington Rd: Market Kitchen - £9,000 p/a (3 yrs from 27/08/2015). 1a Warrington Rd: All Planned Print & Design - (£5,400 p/a (12 months from 01/03/17, holding over) 8 Flats let by way of individual 125 year leasehold agreements from February 2017 at an annual rent of £250 per flat.

General

73-75 Gerard Street - Energy Performance Certificate = G.

Addendum

1) The correct address for the property being sold is 73-75 Gerard Street, Ashton in Makerfield, Wigan WN4 9AG and 1-1a Warrington Road, Ashton in Makerfield, Wigan, WN4 8PL 2) The Seller is unsure of the validity of the lease dated 23 November 2007 referred to at point 5 of the tenancy schedule and noted at entry 1 of the schedule of notices of leases of the Lot's registered title. In view of this, whilst the Lot is sold subject to this lease (it being registered at the HM Land Registry on the Lot's registered title), the Seller does not warrant the position on the rents payable under it, any terms of occupation granted by it or its enforceability generally. The Buyer shall not require the Seller to obtain any indemnity insurance in respect of such matters Lot's registered title. The Buyer shall also not raise any requisitions, objections claims for damages, compensation, rescission or refuse to complete the purchase on any grounds whatsoever. The Buyer acknowledges and agrees that it has taken into account the terms of this clause 42 and the Buyer shall not be able to annul the Transfer nor seek to abate or reduce the price in relation thereto."