MIXED USE INVESTMENT OPPORTUNITY
FOR SALE
MIXED USE INVESTMENT OPPORTUNITY On the instructions of the Joint LPA Receivers
35 LARCH AVENUE, WIGAN, WN5 9QN PRICE REDUCED - £100,000 \ Retail unit with residential accommodation above. \ Fully let producing a gross annual rent of £8,400. \ Close to Wigan town centre.
AVAILABLE SPACE 130.69m² (1,407sq ft)
LOCATION
RATEABLE VALUE
The property is located on the corner of Larch Avenue and Claude Street in the Pemberton area of Wigan.
Description / Shop and Premises Rateable value / £4,400
The nearby A577 provides access to Junction 26 of the M6 motorway and a direct route to Wigan town centre situated approximately 1.4 miles to the west and 1.5 miles to the east respectively. Pemberton Railway Station is located circa 0.8 miles to the south.
VAT Prices and rental are exclusive of VAT if chargeable.
DESCRIPTION
TERMS
The property comprises a semi detached former residential property, which is currently configured as a ground floor retail unit with residential accommodation above. The building is of traditional brick construction beneath a pitched and hipped tiled roof.
Offers are invited in the region of £100,000 for the long leasehold interest, with an unexpired term of 918 years. Annual ground rent of £10 if demanded.
The ground floor retail unit is occupied by way of an Internal Repairing 5 year lease from October 2014 at a rent of £4,800 p.a. The first floor apartment comprises of 2 bedrooms, separate lounge, kitchen and family bathroom. The flat is let on a 12 month assured shorthold tenancy agreement from 1 October 2015 at an annual rent of £3,600. The property produces a combined gross income of £8,400 p.a. Approximate floor areas are as follows:UNIT Ground floor First floor Total
2
M 81.52 49.17 130.69
SQ FT 878 529 1,407
The total site area extends to approximately 0.056 acres.
0161 831 1690
LEGAL COSTS Each party to be responsible for their own legal costs incurred in the transaction.
VIEWING By prior arrangement with the agents: Eddisons Tel / 0161 831 1690 Email / [email protected] Email / [email protected] REVISED NOVEMBER 2015 SUBJECT TO CONTRACT FILE REF / 704.2341A
MIXED USE INVESTMENT OPPORTUNITY On the instructions of the Joint LPA Receivers
35 LARCH AVENUE, WIGAN, WN5 9QN PRICE REDUCED - £100,000 \ Retail unit with residential accommodation above. \ Fully let producing a gross annual rent of £8,400. \ Close to Wigan town centre.
AVAILABLE SPACE 130.69m² (1,407sq ft)
LOCATION
RATEABLE VALUE
The property is located on the corner of Larch Avenue and Claude Street in the Pemberton area of Wigan.
Description / Shop and Premises Rateable value / £4,400
The nearby A577 provides access to Junction 26 of the M6 motorway and a direct route to Wigan town centre situated approximately 1.4 miles to the west and 1.5 miles to the east respectively. Pemberton Railway Station is located circa 0.8 miles to the south.
VAT Prices and rental are exclusive of VAT if chargeable.
DESCRIPTION
TERMS
The property comprises a semi detached former residential property, which is currently configured as a ground floor retail unit with residential accommodation above. The building is of traditional brick construction beneath a pitched and hipped tiled roof.
Offers are invited in the region of £100,000 for the long leasehold interest, with an unexpired term of 918 years. Annual ground rent of £10 if demanded.
The ground floor retail unit is occupied by way of an Internal Repairing 5 year lease from October 2014 at a rent of £4,800 p.a. The first floor apartment comprises of 2 bedrooms, separate lounge, kitchen and family bathroom. The flat is let on a 12 month assured shorthold tenancy agreement from 1 October 2015 at an annual rent of £3,600. The property produces a combined gross income of £8,400 p.a. Approximate floor areas are as follows:UNIT Ground floor First floor Total
2
M 81.52 49.17 130.69
SQ FT 878 529 1,407
The total site area extends to approximately 0.056 acres.
0161 831 1690
LEGAL COSTS Each party to be responsible for their own legal costs incurred in the transaction.
VIEWING By prior arrangement with the agents: Eddisons Tel / 0161 831 1690 Email / [email protected] Email / [email protected] REVISED NOVEMBER 2015 SUBJECT TO CONTRACT FILE REF / 704.2341A
