Investment Property – Two Retails Units With Upper Floor Offices – Part Let

Briefly comprises two retail units with self-contained offices over the first and second floors. No 29 (retail unit) is currently let to an estate agent at a rental of £9,250 on a 5 year term from March 2023. The remainder of the property is currently vacant with the upper floors considered suitable for alternative uses and/or conversion to residential subject to the required consents being obtained. Accommodation No 25 Ground floor retail – 43.32 m2 / 466 sq.ft Basement – 35.44 m2 / 381 sq.ft No 27 1st floor offices – 73.4 m2 / 790 sq.ft 2nd floor offices – 22 m2 / 237 sq.ft. No 29 Ground floor retail – 41.8 m2 / 449 sq.ft Basement – 20.25 m2 / 218 sq.ft Location Fronting Library Street close to the Town Hall, Wigan Life Centre and all town centre amenities. The premises benefits good levels of passing traffic and footfall due to its central location and is a short distance from both national and regional train stations. Library Street is home to a number of professional occupiers including estate agents, solicitors, hairdressers and other service providers. Pay & display on street car parking is available nearby. Tenure: freehold Title number: GM700857 Local Authority: Wigan Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Freehold

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating 25 – E / 29 - C

Local Authority

Wigan Metropolitan Borough Council

Offered in association with

Parkinson Real Estate

Additional Fees

Administration Charge - 2.5% inc VAT of the purchase price, subject to a minimum of £2500 inc VAT, payable on exchange of contracts.

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