Commercial Development in WN1

Market Place, Wigan, Greater Manchester, WN1 1PJ

Brochure

Tenure: Freehold

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Starting bid£85,500

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Property 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

Commercial Development in WN1

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 0191 737 1154, or alternatively via email on commercial@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

Please log in to view and download the legal pack files.

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