The property is made of brick construction beneath a flat roof. It comprises a modern purpose built semi detached bank/ retail unit with offices above.
Location
The property is located in a busy, prominent main road location on the southern side of Wigan Road at the junction with Gerard Street in the heart of Ashton in Makerfield. Surrounding occupiers include a JD Wetherspoon Public House, KFC, B&M Bargains, Subway, Ladbrokes, Coral and an Aldi supermarket. Warrington is 6 miles north and Manchester 13 miles to the east of the subject property.
Accommodation
Ground Floor - 1,958 sq ft
First Floor - 1,283 sq ft
TOTAL - 3,241 sq ft
Terms
BARCLAYS BANK PLC LEASE
The property is let by way of a 20 year fully repairing and insuring lease to Barcalys Bank Plc from 04/07/2008 at a current passing rent of £29,300. Subject to a schedule of condition. There is a tenant only break option in July 2023 and a 5 year rent review cycle, with the next review due in Dec 16.
A copy of the lease is available on request.
Barclays Bank Plc reported pre tax profits of £2,309,000,000 and a net worth of £55,576,000,000 (Source Experian Credit Checks).
SALE PRICE
£425,000 (No Vat). Representing a 6.9% yield before purchase costs.
TENURE
Virtual Freehold. Held for a term of 999 years from 1897 at a fixed ground rent of £XXXa.
VAT
All prices, rents and outgoings are exclusive of but may be liable to VAT at the prevailing rate.