Let to Black Cat Bars (Wigan) Ltd until 2030 (no breaks)
Located in Wigan’s leisure district
Nearby occupiers include Revolution Bar, Reflex Nightclub, The Hub Nightclub and Bentleys Bar
Approximate floor area of 2,128.59 sq m (22,912 sq ft)
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 86
Auction 19th May 2016
Rent £55,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector Leisure
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of a Major Fund Manager
Property Information
Location
Miles
18 miles north-west of Manchester, 20 miles north-east of Liverpool
Roads
A49, A577, M58 (junction 26)
Rail
Wigan Wallgate
Air
Liverpool John Lennon Airport, Manchester Airport
Situation
The property is situated in the leisure district of Wigan town centre, just south of the main retailing area on King Street, off the A49. King Street is predominantly occupied by bars, nightclubs and restaurants with occupiers including Revolution Bar, Reflex Nightclub, The Hub Nightclub and Bentleys Bar. The location benefits from good transport links, with Wigan Wallgate Railway Station just a 2 minute walk away, and two car parks located to the rear of the property accessed from the A49.
Tenure
Freehold.
Location
Miles
18 miles north-west of Manchester, 20 miles north-east of Liverpool
Roads
A49, A577, M58 (junction 26)
Rail
Wigan Wallgate
Air
Liverpool John Lennon Airport, Manchester Airport
Situation
The property is situated in the leisure district of Wigan town centre, just south of the main retailing area on King Street, off the A49. King Street is predominantly occupied by bars, nightclubs and restaurants with occupiers including Revolution Bar, Reflex Nightclub, The Hub Nightclub and Bentleys Bar. The location benefits from good transport links, with Wigan Wallgate Railway Station just a 2 minute walk away, and two car parks located to the rear of the property accessed from the A49.
Tenure
Freehold.
Description
The property comprises a three storey public house currently trading as two units. Mortimer’s Bar comprises a ground floor only unit, whilst Jaks is arranged over part ground, first and second.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a three storey public house currently trading as two units. Mortimer’s Bar comprises a ground floor only unit, whilst Jaks is arranged over part ground, first and second.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit No.
Floor
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Mortimer’s Bar Jaks Bar
Ground Part Ground, First & Second
984.95 sq m 1,143.63 sq m
(10,602 sq ft) (12,310 sq ft)
BLACK CAT BARS (WIGAN) LTD (WITH PERSONAL GUARANTEE)
15 years from 28/04/2015 until 27/04/2030
£55,000 (1)
28/04/2020 and 28/04/2025
Totals
2,128.59 sq m
(22,912 sq ft)
£55,000(1)
(1) For the purposes of clarification, Black Cat Bars (Wigan) Ltd is currently benefiting from paying a reduced rent due to expire on 27th April 2017. The seller has agreed to adjust the completion monies so that the unit will effectively produce £55,000 p.a.x. from completion of the sale.
Contacts
Seller's Solicitors
Irwin Mitchell LLP 40 Holborn Viaduct London EC1N 2PZ
