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Flats at 35 Alfred Street, Wigan, WN2 3TP

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Flats at 35 Alfred Street, Wigan, WN2 3TP Residential Investment Opportunity Flats at 35 Alfred Street, Wigan, WN2 3TP Residential Investment comprising nine individual Leashold flats situated within one block INVESTMENT CONSIDERATIONS TENURE • Nine individual Leases (each having Leasehold. Each flat is held subject to an individual lease for a term approximately 116 years unexpired) of 125 years from 1 January 2007 (thus having approximately 116 years unexpired) at a current ground rent of £129.88 per annum. • Comprising nine self-contained two bed The total ground rent payable is therefore £1,168.92 per annum. flats LOCATION • Allocated parking The flats are located in the Metropolitan Borough of Wigan which • Fully let subject to Assured Shorthold forms part of Greater Manchester. Manchester is located in the north Tenancies west of England and is the largest city in the North. Wigan is located • Current Rent Reserved: £45,000 per 25.6 km (16 miles) north west of Manchester and 12.64 km (7.9 annum miles) south west of Bolton. The town has good transport links with the A49 and A577 linking to the M6 to the M61. Wigan benefits from • Gross Yield: 11.25% two train stations. Wigan North Western is on the West Coast Main Line and provides direct trains to London Euston within two hours. Wigan Wallgate provides access east to west including trains to Manchester within approximately 30 minutes. The nearest airport is Manchester International Airport, 44.8 km (28 miles) south of Wigan. Provided for indicative purposes Wigan’s roots lie in the coal mining and textiles trade and the town has maintained its status as a key employment and retail area of Greater Manchester. Heinz owns a 55 acre food manufacturing site in the town and the town centre offers a large variety of high street retailers and leisure facilities. The property is located in the residential suburb of Platt Bridge, 3.2 km (2 miles) south of Wigan town centre along the A573. The area offers local services including a health care centre, two schools, convenience stores and restaurants. DESCRIPTION The portfolio comprises 9 self-contained flats, all located within a larger block of 16 flats. The block is brick built and arranged over ground and two upper floors beneath a pitched slate covered roof. All flats benefit from UVPC double glazed windows and electric storage heaters. Each flat comprises a kitchen, living / dining room, shower room and two bedrooms. The flats included in this portfolio are; 1, 2, 3, 7, 8, 12, 14, 15 and 16. RENT RESERVED / TENANCIES The portfolio is currently fully let subject to Assured Shorthold Tenancies. The total current rent reserved is £45,000 per annum. A breakdown of the individual rents is available in the data room. ADDITIONAL INFORMATION An extensive information pack is available to view and download online at: www.alfredstreetwigan.com. ENERGY PERFORMANCE CERTIFICATES EPC’s are available to view and download from the data room. METHOD OF SALE This portfolio is for sale by way of Private Treaty, however we reserve the right to conclude the marketing by an informal tender process. VIEWING INFORMATION The properties will be subject to block viewing arrangements and will not be available for viewing internally outside these times. Please contact the office to register your interest. ASKING PRICE Offers in excess of £400,000 are invited prior to 2pm Friday 16th December, subject to all existing tenancies, subject to contract Please contact the office to register your interest: Jack Robson Vicky Bingham James Wilson 0113 243 7952 0113 236 6682 0113 236 6679 [email protected] [email protected] [email protected] 33 Park Place, Leeds, LS1 2RY Tel: 0113 236 6677 www.allsop.co.uk Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. .
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