10 Standishgate Wigan Lancashire WN1 1UE

10 Standishgate
Wigan
Lancashire
WN1 1UE

Prime Freehold Retail Investment

Let to Greenhalgh’s Craft Bakery Limited
Renewed 10-year lease from May 2023 (subject to option)
Re-based rent (previously £42,000 pa)
Tenant in occupation since 2008
Prominent pedestrianised town centre location, opposite The Grand Arcade Shopping Centre
Galleries Shopping Centre, to the rear, is being redeveloped to provide 460 residential units, a Hampton by Hilton hotel, a market, foodhall and a new leisure destination (www.cityheart.co.uk/project/the-galleries-wigan-redevelopment)
Nearby occupiers include B&M, Iceland, Goldsmiths, Superdrug, Starbucks, Greggs, JD Sports and JD Wetherspoon
VAT-free investment

Lot
24
Auction
12th December 2024
Rent
£21,500 per Annum Exclusive
Status
Sold
Price
£234,000
Auction Venue
Live Streamed Auction

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Prime Freehold Retail Investment

Let to Greenhalgh’s Craft Bakery Limited
Renewed 10-year lease from May 2023 (subject to option)
Re-based rent (previously £42,000 pa)
Tenant in occupation since 2008
Prominent pedestrianised town centre location, opposite The Grand Arcade Shopping Centre
Galleries Shopping Centre, to the rear, is being redeveloped to provide 460 residential units, a Hampton by Hilton hotel, a market, foodhall and a new leisure destination (www.cityheart.co.uk/project/the-galleries-wigan-redevelopment)
Nearby occupiers include B&M, Iceland, Goldsmiths, Superdrug, Starbucks, Greggs, JD Sports and JD Wetherspoon
VAT-free investment

Lot 24
Auction 12th December 2024
Rent £21,500 per Annum Exclusive
Status Sold
Price £234,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

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 Railway Station
Air: Liverpool John Lennon Airport

Situation

The property is prominently situated on the western side of Standishgate, north of its junction with Market Place, Market Street and Millgate. Nearby occupiers include B&M, Iceland, Goldsmiths, Superdrug, Starbucks, Greggs, JD Sports and JD Wetherspoon.

The Galleries Shopping Centre re-development to provide 460 residential units, a Hampton by Hilton hotel, a new market, foodhall and leisure destination will enhance the vicinity. In addition, STACK have recently signed up to take the former Debenhams store in the Grand Arcade, opposite.

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 Railway Station
Air: Liverpool John Lennon Airport

Situation

Tenure

Freehold.

Description

The property comprises a bakery arranged on the ground, first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Description

The property comprises a bakery arranged on the ground, first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (1)	Floor Areas (Approx sq ft) (1)	Tenant	Term	Rent p.a.x.
Ground First Second	Retail/Ancillary Ancillary Ancillary	60.22 31.82 41.40	(648) (342) (445)	GREENHALGH’S CRAFT BAKERY LIMITED (2)	10 years from 08/05/2023 (3)	£21,500
Total		133.44	(1,435)			£21,500

(1) Areas provided by VOA (www.gov.uk/find-business-rates)
(2) For the year ending 30/01/2023, Greenhalgh's Craft Bakery Limited reported a turnover of £25,208,327 and a net worth of £14,116,046 (www.northrow.com). Greenhalgh's Bakery were established in 1957 and now trade from over 50 stores across the UK (www.greenhalghs.com).
(3) The lease is subject to a tenant option to determine on 08/05/2028.

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.