2 - 6 Market Street Wigan Greater Manchester WN1 1JN

2 - 6 Market Street
Wigan
Greater Manchester
WN1 1JN

Freehold Bank Investment

Let to Lloyds Bank Plc until 2026 (no breaks)
Lloyds Bank in occupation since 1996
Prominent town centre location close to The Galleries Shopping Centre and Grand Arcade Shopping Centre
Nearby occupiers include Barclays Bank, Greggs, Santander and Ladbrokes
2021 break option removed

Lot
78
Auction
19th October 2017
Rent
£100,000 per Annum Exclusive
Status
Sold
Price
£1,350,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Bank Investment

Let to Lloyds Bank Plc until 2026 (no breaks)
Lloyds Bank in occupation since 1996
Prominent town centre location close to The Galleries Shopping Centre and Grand Arcade Shopping Centre
Nearby occupiers include Barclays Bank, Greggs, Santander and Ladbrokes
2021 break option removed

Lot 78
Auction 19th October 2017
Rent £100,000 per Annum Exclusive
Status Sold
Price £1,350,000
Sector
Bank
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 18 miles north-west of Manchester, 20 miles north-east of Liverpool
Roads: A49, A577, M6, M58, M61
Rail: Wigan Wallgate, Wigan North Western
Air: Liverpool John Lennon Airport, Manchester International Airport

Situation

The property is situated in a prominent location on the western side of Market Place, at its junction with Market Street and Wallgate. The property is within close proximity of both the the New Galleries Shopping Centre and Grand Arcade Shopping Centre which have occupiers including Waterstones, WH Smith and Superdrug. Other nearby occupiers including Barclays Bank, Greggs, Santander and Ladbrokes.

Tenure

Freehold.

Location

Miles: 18 miles north-west of Manchester, 20 miles north-east of Liverpool
Roads: A49, A577, M6, M58, M61
Rail: Wigan Wallgate, Wigan North Western
Air: Liverpool John Lennon Airport, Manchester International Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with office accommodation and meeting rooms on the first and second floors and basement ancillary accommodation. The property also benefits from an access way at the rear.

VAT

VAT is applicable to this lot.

Viewings

There will be a block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Georgina Roberts. Telephone: +44 (0)207 0344 4863. Email:georgina.roberts@acuitus.co.uk

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is applicable to this lot.

Viewings

Completion Period

Six Week Completion

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 Basement First Second	Banking Hall/ Ancillary Ancillary Ancillary Ancillary	348.75 sq m 141.39 sq m 274.34 sq m 120.49 sq m	(3,754 sq ft) (1,522 sq ft) (2,953 sq ft) (1,297 sq ft)	LLOYDS BANK PLC (1)	10 years from 03/01/2016 until 03/01/2026 on a full insuring and repairing lease (2)	£100,000	03/01/2021
Total		884.97 sq m	(9,526 sq ft)			£100,000

(1) For the year ending 31st December 2016, Lloyds Bank Plc reported a pre-tax profits of £1,977,000,000 and a total net worth of £49,326,000,000 (Source: Experian Group 28/02/2017). Lloyds Bank have been in occupation since 1996.
(2) The tenant is currently benefitting from a rent free period expiring 30/09/2018 in exchange for removing the 2021 break option. The seller has agreed to adjust the completion monies so that the unit effectively produces £100,000 from the completion of the sale.