Investment for sale

FOR SALE BY CONDITIONAL ONLINE AUCTION.
On behalf of Rutter Green

Commercial Investment

537a Wigan Road (tenanted Hair and Beauty Salon),
537b Wigan Road (tenanted Sandwich Shop),
537 Wigan Road (self-contained flat),

Tenanted commercial investment property located at 537 Wigan Road. The premises are on a prominent corner sire with a bus stop close by and ample free car parking facilities in the vicinity. The property is within a popular residential area and close to both Landgate Primary School and the Edward Collins Park in Bryn. Wigan Road which is the major A49 arterial road which links Wigan (4miles away) to both Bryn and Ashton in Makerfield, generating much passing trade and footfall for the Businesses. The area is easily accessible, being within comfortable commuting distance of all the major North West Conurbations, close to both junction 25 of the M6 and 2 miles north of the A580 East Lancashire Expressway.

The Commercial Investment Property comprises of two self-contained ground floor units (Sandwich Shop and Hair / Beauty Salon) and a separate two bedroom self-contained first floor flat.

This is a unique opportunity to purchase a commercial tenanted property offering a realistic investment income and return

Premises briefly comprising of:-

Ground Floor Retail Unit:

Leased out to a well established hair salon business.
Main salon area, rear treatment room, staff WC.

Ground Floor Retail Unit:

Lease out to popular sandwich bar and catering business.
Open plan retail area with rear kitchen, staff WC.

First Floor

Self Contained two bedroom flat, with spacious lounge, kitchen and bathroom.

Tenure
See Legal Pack

Legal Pack

The legal pack will be available online at least seven days prior to sale ending and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the end of the auction.

*Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price, also known as a Guide Price, is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms which is available to download on our SDL Auctions website.

Online Auction Registration

Every online bidder on SDL Auctions must first create an account on the online section of the SDL Auctions website - sdlauctions.co.uk/property-auctions/online/

This is a straightforward process. Starting the registration includes filling out your personal details, verifying your email address, and accepting the Online Auction ‘Terms and Conditions’. Once you have done this you will be able to search, ‘watch’ lots and download legal documents.

After starting the registration process you can come back to it to complete at a later date. We suggest completing the registration process at least 3 working days before the lot is due to end, in case you have any problems and need to contact the auctioneers.

In order to bid, you will need to be authorised for money laundering purposes. This includes uploading copies of two forms of identification and passing a anti-money laundering check. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.

Conditional Online Auction Procedure

If you are the successful bidder you will be legally obliged to buy the property for the full purchase price. You will enter into a reservation agreement with the seller and have 40 business days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 40 business day reservation period the sale is secure and the seller is not able to accept other offers. By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf.

The sale of each Lot is subject to a reservation fee of 4.8% Inc VAT (or 4.2% Inc VAT in London), subject to a minimum of £6,000 Inc VAT. The reservation fee does not contribute towards the purchase price.

We will automatically charge you a minimum fee of £6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer.