Commercial Property for sale

Ground Rent Investment, Wardley Street, Pemberton, Wigan, Greater Manchester, WN5 8BU

Guide Price* £9,000

Property Description

Full description

To be sold by Public Auction on the 6th December 2016 at the Barton Lounge, AJ Bell Stadium, 1 Stadium Way, Manchester, M30 7EY

PLEASE BE AWARE THAT THESE DETAILS ARE OFTEN UPDATED AND SUBJECT TO CHANGE ANY TIME BEFORE THE AUCTION. THEREFORE YOU MUST NOT RELY ON THE INFORMATION BELOW AND SHOULD CONTACT THE AUCTIONEER TO VIEW FULL PARTICULARS AND ANY ADDENDUMS ON THEIR WEBSITE.

LOCATION
Wardley Street is accessed from Orsmkirk Road (A577). Access to the M6 at junction 26 lies approximately 0.75 miles to the west and Wigan town centre lies approximately 2.5 mile to the east.

DESCRIPTION
Freehold residential ground rent investment containing five recently constructed terrace houses, all of which have been sold off on long leasehold interests giving 5 individual annual ground rents.

ACCOMMODATION
All houses are understood to be 3 bedroom houses.

OUTSIDE
All houses have front and rear gardens.

TENANCY
All 5 properties are subject to an individual 900 year lease granted in 2016 at a ground rent payable of 175 per annum which is payable annually in advance, providing a combined annual rent of 875.

TENURE
Freehold.

PLANNING
Interested parties should consult direct with the Local Planning Office.

Nearest stations

  • Pemberton (0.6 mi)
  • Orrell (1.1 mi)
  • Gathurst (1.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pugh and Company in partnership with The Auction People, Newton-Le-Willows

4 The Parks, Newton-Le-Willows, WA12 0JQ

01942 580136 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Pemberton (0.6 mi)
  • Orrell (1.1 mi)
  • Gathurst (1.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pugh and Company in partnership with The Auction People, Newton-Le-Willows

4 The Parks, Newton-Le-Willows, WA12 0JQ

01942 580136 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 41557. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pugh and Company in partnership with The Auction People, Newton-Le-Willows. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pugh and Company in partnership with The Auction People, Newton-Le-Willows on 01942 290 850.


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