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SOLD STC

723 & 723a Ormskirk Road, Pemberton, Wigan, Greater Manchester WN5 8AT

Guide Price
£127,500

Business rates & charges may apply

Auction House North West, Commercial
SIZE

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SECTOR

Mixed use property for sale

Key features

  • Fully Let Investment Property
  • Retail Unit With Self-Contained Two Bed Flat
  • Producing £14, 211.48 p.a.x
  • Parking To Rear
  • Central Location

Description

Online Auction - 11th to 12th March 2025

Fully Let Retail Unit With Self-Contained Two Bed Flat – Producing £14,211.48 p.a.x.

Fully let semi-detached property briefly comprising a ground floor self-contained commercial unit retailing Ladieswear, with a 2 bed first floor residential flat above, accessed via the rear yard.

Internally the ground floor retail unit benefits from a good sized double fronted display and a central entrance to the
retail space. There are 2 further good sized storage rooms/offices with separate WC facilities. The unit benefits secure and convenient access to the rear for goods.
The premises also offers free parking to the rear as well as access to numerous off road street parking.

Tenancies
Ground floor – Clothing Shop, let to a private individual with personal guarantee and £1,950 rent deposit, for a period of 3 years from 12th July 2024 at a passing rent of £7,800 p.a.x
2 bed flat above achieving £6,411.48 p.a.x (£534.29 pcm) on a 12-month AST,
Total Rent = £14,211.48 p.a.x

Location
The subject premises is situated fronting Ormskirk Road (A577) in the centre of Pemberton. The unit benefits pavement fronted access onto Ormskirk Road in a busy and established retail parade.
The property is 1.5m west of the M6/M58 motorway and is also on a main bus route into Wigan town centre.

Tenure: freehold
Title number: MAN132717
Length of Lease/Term:
Ground Rent : £
Service Charge: £
Council Tax Band :
Local Authority: Wigan

Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure: Freehold

EPC Rating: shop – D ; flat - E

Administration Fee: 2.5% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

723 & 723a Ormskirk Road, Pemberton, Wigan, Greater Manchester WN5 8AT

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Pemberton Station0.7 miles
  • Orrell Station1.2 miles
  • Gathurst Station1.7 miles

About Auction House North West, Commercial

14 St Mary's Parsonage, Manchester, M3 2DF

At Auction House North West we sell from a diverse catalogue, offering specialist advice both in the residential and commercial sectors. We provide unrivalled coverage of the North West region with active offices in both Manchester City Centre and Preston.

The creation of 'Auction House North West' is testament to the direct demands of North West Investors, who are constantly seeking speedy and transparent options to both purchase stock and dispose of their existing property portfolios, by marketing to the right clientele with the minimum of fuss. All under the guidance of specialist property auction experts.

Auction House North West combines commercial and residential lots from Greater Manchester, Merseyside, and Lancashire into one substantial catalogue and vibrant auction, serving the whole of the North West.

Notes

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Disclaimer - Property reference 202502261325sq_h0w5. 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 Auction House North West, Commercial. 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 Auction House North West, Commercial on 0161 524 6307.

*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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