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Market Place, Wigan, Greater Manchester, WN1 1PJ

Guide Price
£85,500

Business rates & charges may apply

Pattinsons, Pattinsons Auction- National Auctioneer
SIZE

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SECTOR

Commercial development for sale

Key features

  • Prominent Landmark Property
  • Grade II Listed
  • Ground Floor & 1st Floor Leased On Peppercorn Rent
  • Well Positioned In Wigan Centre
  • 3rd Floor & Basement Vacant
  • Fantastic Potential

Description

FOR SALE BY AUCTION: terms and conditions apply.

Standing prominently at the junction of Market Place and Market Street, this substantial corner property occupies a central position in the heart of Wigan and well placed to enjoy the fortunes of the current £135,000,000 redevelopment of the Wigan Galleries, certainly making this an attractive opportunity for the keen eyed investor.

The location is well served by amenities, with both Wigan Wallgate and Wigan North Western stations within easy reach, and the green expanse of Mesnes Park a short walk away.

Arranged across four floors, the building offers a mix of occupied and vacant accommodation. The ground floor shop, with its first-floor ancillary space, has been sold on a 999-year lease at a peppercorn ground rent.

The second floor, currently vacant, provides ancillary accommodation with scope for a range of uses. Accessed separately via a self-contained staircase, this space could be easily transformed into a multitude of potential opportunities, such as serviced offices or office space, a second floor retail space or potentially residential accommodation, subject to necessary planning consents. Finally to this floor a striking domed corner turret offers additional space and fabulous views over Wigan.

The lower ground floor basement—also vacant—offers additional flexible space and could potentially have its own access with some minor reconfiguration, this large space has great potential for the next owner.
Together, the property combines a strong central position with immediate potential.

Description

Arranged across four floors, the building offers a mix of occupied and vacant accommodation. The ground floor shop, with its first-floor ancillary space, has been sold on a 999-year lease at a peppercorn ground rent.

The second floor, currently vacant, provides ancillary accommodation with scope for a range of uses. Accessed separately via a self-contained staircase, this space could be easily transformed into a multitude of potential opportunities, such as serviced offices or office space, a second floor retail space or potentially residential accommodation, subject to necessary planning consents.

Location

The location is well served by amenities, with both Wigan Wallgate and Wigan North Western stations within easy reach, and the green expanse of Mesnes Park a short walk away.

Tenure

Freehold - Title number GM393291

EPC

This property’s energy rating is C.

Additional Information

For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.

Brochures

Market Place, Wigan, Greater Manchester, WN1 1PJ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wigan Wallgate Station0.1 miles
  • Wigan North Western Station0.2 miles
  • Ince Station0.9 miles

About Pattinsons, Pattinsons Auction- National Auctioneer

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Notes

These notes are private, only you can see them.

Disclaimer - Property reference 506140. 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 Pattinsons, Pattinsons Auction- National Auctioneer. 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.

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 Pattinsons, Pattinsons Auction- National Auctioneer on 0191 625 0964.

*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.”

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