COVID-19 – Important Auction Information
For Sale By Auction | 13:00, 22 July 2021 | Lot 28

22, 24, 28, 30 & 32 Union Street & 1 John Street, Leigh, Lancashire, WN7 1AT

Sold £280,000

  • Retail Property (high street)
  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Thu 22/07/2021

Auction Time

13:00

Auction Venue

Online Auction Online Auction,

Retail Parade of Six Ground Floor Retail Units (One Vacant) – Currently Producing £31,420 pa (ERV when fully let £40,420 pa)

Description Parade of six ground floor retail units, five of which are let and currently produce £31,420 pa. Potential to increase to £40,420 pa. when fully let. Location Fronting Union Street between Lord Street and John Street in Leigh town centre. Tenure Understood to be long leasehold for the remainder of a 999 year lease from 1982 with a ground rent of £1 pa Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding. Tenancies & Accommodation :-

Tenure

See Legal Pack

1 John Street – The Replenishery

Approximately 38.3 m2 (412 sqft) – 3 year lease from June 2019 at £5,400 pa

22 Union Street – Vapourland

Approximately 39.3 m2 (423 sq ft) – 3 year lease from November 2019 at £7,000 pa

24 Union Street – Private individual

Approximately 46.08 m2 (496 sq ft) – 3 year lease from June 2019 at £7,020 pa

28 Union Street – Barbers

Approximately 59.09 m2 (636 sq ft) – refer to legal pack for lease terms current rent £4,800 pa

30 Union Street – X Aesthetic Perfection X (Ltd)

Approximately 55.18 m2 (594 sqft) – 3 year lease from June 2020 at £7,000 pa

32 Union Street

Vacant

TOTAL RENT

£31,420 PA

Energy Efficiency Rating (EPC)

Current Rating C, B, C, B, C & C

Local Authority

Wigan Metropolitan Borough Council

Additional Fees

Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.

Referral Fees – We offer referred services via 3rd party suppliers which we believe you may benefit from in aiding the primary service we provide. You are under no obligation to use these services, and you should consider your options before accepting any third parties' terms and conditions for which we are not responsible. On some completed transactions they pay referral fees to ourselves. These fees average £300 inc VAT.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.