For Sale By Auction | 14:00, 14 March 2019 | Lot 38

138-140 Wigan Road, Leigh, Greater Manchester, WN7 5DR

*Guide | £175,000 - £200,000 (plus fees)

  • Mixed Use
  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Thu 14/03/2019

Auction Time

14:00

Auction Venue

Bolton Wanderers Stadium Platinum Suite, De Havilland Way, Bolton, BL6 6SF

Tenanted Convenience Store with Refurbished S/C One Bedroom Flat and Three Bedroom HMO - Potential Rental Income of £29,800pa

A detached building which has been fully refurbished throughout and provides the following accommodation: Tenanted double fronted retail unit currently let to a private individual as a Convenience Store and Off Licence on a 10 year lease at £12,400 pa. There is a break option in year 5. We are informed that the tenant also operates 3 other similar stores in the area. The expected income from the first floor HMO bedrooms would be £350 each per calendar month per room equating to £12,600 pa. The property when fully let has the potential top produce £29,800 pa. Externally the rear of the property provides sufficient space for possible parking/loading area, the property is located with frontage looking onto Wigan Road in the residential area of West Leigh with local amenities close by.

Tenure

See Legal Pack

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Ground floor flat comprises a fully refurbished 1 bed flat providing lounge/kitchen/diner with one double bedroom and shower room with w.c. Estimated rental if £400 pcm (£4,800 pa).

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The first floor provides a 3 bed HMO each bedroom is en-suite plus shared lounge/kitchen.

Energy Efficiency Rating (EPC)

Current Rating TBC

Local Authority

Wigan Metropolitan Borough Council

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £1080 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.