8 Market Street Wigan Lancashire WN1 1JN

8 Market Street
Wigan
Lancashire
WN1 1JN

Freehold Retail/Entertainment Centre Investment

Entirely let to tenant trading as Adrenaline Escape (an Escape Room entertainment centre)
10 year lease from February 2022 (subject to option)
VAT free investment
Approximately 8,026 sq ft
Prominent town centre location
Close proximity to Grand Arcade Shopping Centre where retailers include Superdrug, The Body Shop, River Island, Costa Coffee, Pandora, Sports Direct, JD Sports and The Works

Lot
35
Auction
30th March 2023
Rent
£22,000 per Annum Exclusive
(3)
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

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Freehold Retail/Entertainment Centre Investment

Entirely let to tenant trading as Adrenaline Escape (an Escape Room entertainment centre)
10 year lease from February 2022 (subject to option)
VAT free investment
Approximately 8,026 sq ft
Prominent town centre location
Close proximity to Grand Arcade Shopping Centre where retailers include Superdrug, The Body Shop, River Island, Costa Coffee, Pandora, Sports Direct, JD Sports and The Works

Lot 35
Auction 30th March 2023
Rent £22,000 per Annum Exclusive (3)
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 12 miles west of Bolton, 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 prominently situated on the east side of Market Place, at its junction with Market Street. The property is within close proximity to Grand Arcade Shopping Centre where retailers include Superdrug, The Body Shop, River Island, Costa Coffee, Pandora, Sports Direct, JD Sports and The Works. Other nearby occupiers include B&M, Home Bargains, Primark, Starbucks, Greggs, Subway and branches of Lloyds and Barclays Banks.

Tenure

Freehold.

Location

Miles: 12 miles west of Bolton, 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 an escape room entertainment centre arranged on the ground, basement, first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band E

Description

The property comprises an escape room entertainment centre arranged on the ground, basement, first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band E

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review
Ground Basement First Second	Leisure/Ancillary Leisure/Ancillary Leisure/Ancillary Leisure/Ancillary	195.10 195.10 169.30 186.20	(2,100) (2,100) (1,822) (2,004)	TWO INDIVIDUALS (t/a Ardenaline Escape) (1)	10 years from 11/02/2022 (2) on a full repairing and insuring lease	£22,000 (3)	11/02/2027
Total		745.70	(8,026)			£22,000 (3)

(1) Adrenaline Escape Rooms offer multiple immersive experiences that tests problem solving, logic and teamwork skills. Adrenaline Escape Rooms also trade from two different locations, specifically Manchester and Atherton. (www.adrenalineescape.co.uk)
(2) The lease has a tenant only option to determine in February 2027
(3) The tenant is currently paying half rent until 11/02/2024, when the rent will rise to £22,000 pax. The Seller will pay the Buyer the total rent that would have been due from Completion of the sale until 11/02/2024.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.