1 Wigan Road Ashton-in-Makerfield Lancashire WN4 9AP

  • 1 Wigan Road<br>Ashton-in-Makerfield<br>Lancashire<br>WN4 9AP

1 Wigan Road
Ashton-in-Makerfield
Lancashire
WN4 9AP

Town Centre Bank Investment

  • Let to Barclays Bank plc
  • Lease expires 2028 (subject to option)
  • Prominent town centre location
  • Close to Aldi, JD Wetherspoon and Coral
  • VAT free bank investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    82
  • Auction
    22nd October 2015
  • Rent
    £29,300 per Annum Exclusive
  • Status
    Sold
  • Price
    £384,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Town Centre Bank Investment

  • Let to Barclays Bank plc
  • Lease expires 2028 (subject to option)
  • Prominent town centre location
  • Close to Aldi, JD Wetherspoon and Coral
  • VAT free bank investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 82
  • Auction 22nd October 2015
  • Rent £29,300 per Annum Exclusive
  • Status Sold
  • Price £384,000
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
4 miles south of Wigan,13 miles south-west of Bolton, 21 miles west of Central Manchester
Roads
A58, A580, M6
Rail
Bryn Railway Station
Air
Manchester Airport
Situation

The property occupies a prominent corner position on Wigan Road, at the junction of Gerard Street (A58) and Bolton Road. Nearby occupiers include Aldi, JD Wetherspoon, Coral and a number of other independent retailers.

Tenure

Virtual Freehold. Majority Virtual Freehold held for a term of 999 years from 1st July 1897 at a fixed ground rent of £27 per annum. A small strip of land to the rear of the property is held freehold.

Location
Miles
4 miles south of Wigan,13 miles south-west of Bolton, 21 miles west of Central Manchester
Roads
A58, A580, M6
Rail
Bryn Railway Station
Air
Manchester Airport
Situation

The property occupies a prominent corner position on Wigan Road, at the junction of Gerard Street (A58) and Bolton Road. Nearby occupiers include Aldi, JD Wetherspoon, Coral and a number of other independent retailers.

Tenure

Virtual Freehold. Majority Virtual Freehold held for a term of 999 years from 1st July 1897 at a fixed ground rent of £27 per annum. A small strip of land to the rear of the property is held freehold.

Description

The property comprises a ground floor banking hall with ancillary accommodation on the first floor.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

Viewings

There will be block viewings for this property. All interested
parties must register their details with the Auctioneers and will
need to provide identification on site.
Please contact George Watkins.
Email: george.watkins@acuitus.co.uk

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor banking hall with ancillary accommodation on the first floor.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

Viewings

There will be block viewings for this property. All interested
parties must register their details with the Auctioneers and will
need to provide identification on site.
Please contact George Watkins.
Email: george.watkins@acuitus.co.uk

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Review
Ground
First		 Banking Hall
Offices/Ancillary
181.90 sq m
119.20 sq m
(1,958 sq ft)
(1,283 sq ft)
 BARCLAYS
BANK PLC (1)		 20 years from 04/07/2008 until
03/07/2028 (2) on a full repairing
and insuring lease (3)		 £29,300 25/12/2016 and
five yearly
thereafter
Totals  
301.10 sq m
(3,241 sq ft)
     £29,300  

(1) For the year ending 31st December 2014, Barclays Bank Plc reported pre-tax profits of £2,309,000,000 and a total net worth of £55,576,000,000. (Source: Experian Group 11/09/2015)
(2)The lease provides for a tenant option to determine on the 4th July 2023.
(3)The property is let on full repairing and insuring terms, subject to a Schedule of Condition.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
Borron Shaw Eldon House, First Floor 2 Woodhouse Drive
Wigan
WN6 7NT
Tom Turton 01942 245 426 wigan@borron-shaw.com
Seller's Solicitors
Dootsons Solicitors 61/63 Church Street
Leigh
Greater Manchester
WN7 1AY
Andrew Stockton 01942 263 664astockton@dootsons.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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