Mixed Use
Situated in Wigan Town Centre is this substantial mixed-use freehold property including two commercial shop spaces on the ground floor, and four residential one-bedroom flats above on first and second floor.
The two retails shops and one of the flats are already rented, generating £16,140 per annum. The potential rental income once fully let is approximately £32,340.
Tenancy Information:
34 Hallgate: Retail unit, approximately 440 sq.ft (41 sq.m), let at £4,800 per annum.
36 Hallgate: Retail unit, approximately 379 sq.ft (35 sq.m), let at £6,600 per annum.
Flat Four: One bedroom flat, approximately 366 sq.ft (34 sq.m), let at £4,740 per annum.
Potential Rental:
Flat One: One bedroom flat, approximately 463 sq.ft (43 sq.m), potential rental at £5,400 per annum. Contracts have not been renewed for the purpose of sale.
Flat Two: One bedroom flat, approximately 366 sq.ft (34 sq.m), potential rental at £5,400 per annum. Contracts have not been renewed for the purpose of sale.
Flat Three: One bedroom flat, approximately 463 sq.ft (43 sq.m), potential rental at £5,400 per annum. Contracts have not been renewed for the purpose of sale.
Location:
This building is in an ideal location as it is just few minutes walk away from a well-used local bus network and Wigan Wallgate railway station.
3 minutes walking (0.2miles) from Grand Arcad shopping centre
5 minutes by car (1.1 miles) from Asda Wigan supercentre
5 minutes by car (1.1 miles) from Robin Park Sport Centre
5 minutes by car (1.3miles) from Royal Albert Edward Infirmary
40 minutes from Manchester airport
45 minutes from Liverpool airport
The property fronts Hallgate within the centre of Wigan and is situated amongst a good range of other commercial occupiers including retailers, offices and a number of banks. Transport links include a well-used local bus network and Wigan Wallgate railway station within walking distance.
Wigan bus station has undergone a massive regeneration to drive even more people towards the town centre.
Wigan is a town in Greater Manchester, England, on the River Douglas, 7.9 miles (13 km) south-west of Bolton, 10 miles (16 km) north of Warrington and 16 miles (25.7 km) west- northwest of Manchester. Wigan is the largest settlement in the Metropolitan Borough of Wigan and is its administrative centre. The town has a population of 103,608, whilst the wider borough has a population of 318,100.
Freehold. Part let/part vacant.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
