Mixed-Use Part Tenanted Commercial Residential Investment Opportunity Generating £14,280 per annum
The property comprises 3x self-contained ground floor retail units and 2x self-contained first floor apartments. Accommodation No.47 – comprises a self contained tenanted ground floor takeaway unit No.47a - comprises a self-contained two-bedroom apartment with access via rear entrance No.48 – comprises a vacant ground floor retail unit with disabled w.c. and w.c. No.49 – comprises a tenanted ground floor fast food takeaway No.49a – comprises a self-contained tenanted one-bedroom apartment with access via rear entrance Tenancy No.47 – Let to Lisa’s Sandwich Shop on a five-year lease from Jan 2021 at £90 per week / £4,680 per annum. No.47a – We are advised this will be Let on a new AST at £425 per month / £5,100 per annum. Lease pending signature No.48 – We are advised this will be Let to an E-cigarette retailer on a 5-year lease at £350 per month / £4,200 per annum. Lease pending signature No.49 – Let to Cardamon Hills takeaway on a seven-year lease from January 2020 at £450 per month / £5,400 per annum, subject to 3 yearly rent review. No.49a – Let to private individual on a 12 month AST at £350 per month / £4,200 per annum. Total Income when fully Let £23,580 per annum. Total Income - £14,280 per annum Total Estimated Income when fully Let - £24,060 per annum Location The property is situated fronting Scott Lane, on its junction with Harold Street in the mainly residential area of Aspull, Wigan. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
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Wigan Metropolitan Borough Council
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.
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Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.