Lot
089
Auction Ends: 22/05/2024 14:18 - Bidding opens Tuesday 21st May 10:00 AM

12-14 Market Place, Atherton, Manchester, Lancashire, M46 0EG

Property Details
Location
Description
Two adjacent, mid terrace commercial units with accommodation arranged over three storeys. No. 14 is currently let to a hot food takeaway operator, generating a passing rent of £250pw equivalent to £13,000pa. No.12 is currently derelict and is supported by erected scaffolding. The adjoining properties benefit from approved planning permission to be demolished and replaced with a new three storey property which would comprise 2 x ground floor retail units and 7 x 1 bedroom flats. A signed agreement with the current tenant of No.14 for them to vacate if necessary (before the expiration of their lease) subject to a settlement payment is included within the legal pack.

Location
The property is well located in Atherton town centre, fronting Market Place as it splits to St John Street and Church Street which lead to the A577. The local area is of mixed use, with residential dwellings along with amenities such as a Tesco Superstore, Boots Pharmacy, Subway as well as numerous other shops and eateries. The A577 inks the property to the M61 to the north and A579 and A580 to the south.
Accommodation

Floor measurements for No. 14 Market Place can be found below, taken from the VOA. 

StoreyDescriptionFloor Area
Ground FloorRetail36 Sq M (384 Sq Ft)
First FloorStorage32 Sq M (340 Sq Ft)
Second FloorStorage and W/C26 Sq M (280 Sq Ft)
Total
93 Sq M (1,004 Sq Ft)

Outside
The property benefits from a large enclosed yard to the rear.
Planning
Planning permission was approved by Wigan Council on 5th August 2022 for the demolition of the exiting building and the erection of a three storey building including rear dormer and accommodation in the roof space, accommodating one Class E unit and one hot food takeaway (sui generis) and associated store rooms at ground floor level with seven self-contained apartments above and associated works including an extraction fan at the rear.

Interested parties should consult direct with the Local Planning Authority: Wigan Council, Wigan Life Centre, The Wiend, Wigan, WN1 1NH. Telephone: 01942 489 144. Email:planning@wigan.gov.uk
Tenancy

We understand 14 Market Place is currently let on a lease at £250 p/wk which is an increase from the stated £200p/wk in the 30 year lease signed lease dated 16th May 2005. We are informed there is no paperwork relating to this increase but it has been paid for the last 2 years.

Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 21ST MAY AND CLOSES ON WEDNESDAY 22ND MAY.

3. The property is entered in the 2023 Rating List as " Shop and Premises" with a Rateable Value of £4,000. The Rateable Value (RV) is not the amount payable.

4. Energy Performance Certificate: 14 = C.
Addendum
The lease states that the rent is £10,400 per annum but we are informed from the vendor that this was verbally increased to £13,000 per annum approx 2 years ago. A signed agreement with the current tenant of No.14 for them to vacate if necessary (before the expiration of their lease) subject to a settlement payment is included within the legal pack.

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