Barnett Ross Auctioneers and Chartered Surveyors in London

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Located in this busy shopping precinct which also houses a Co-operative Food Supermarket, Post Office and a variety of local traders.
Wigan is a major retail centre located midway between Manchester and Liverpool enjoying excellent links with the M6 (Junction 26) and the M61 (Junction 6).

Forming part of a terraced property comprising a Ground Floor Shop. The property benefits from ample parking to the front.

Ground Floor Shop
Gross Frontage 17'5"
Net Frontage 16'0"
Built Depth 43'0"
WC

VAT is NOT payable in respect of this Lot

FREEHOLD

The property is let on a repairing and insuring lease to Coral Racing Ltd (Having 1,600 branches) (T/O for Y/E 27th September 2008 £634.6m, Pre-Tax Profit £17.5m and Net Worth £499,000) for a term expiring on 28th September 2020 at a rent of £8,500 per annum exclusive (see Note 1).

Rent Review 2015

Note 1: The rent reserved under the lease is £4,200 until September 2010 at which point there is a fixed increase to £8,500 per annum. The vendor will top up the rent to £8,500 until the date of the fixed increase so that the purchaser effectively receives £8,500 from completion.

Note 2: The upper parts are held by a Third Party on a separate flying freehold and are not included in the sale.