Description
Part-let town-centre office premises generating £53,390pa with significant growth potential.
Pier House is an iconic, refurbished mill, located opposite Wigan Pier and extending to over 8,000 sq ft of lettable space across over 4 storeys. Situated on a site of approximately 0.45 acres, the property benefits from a large car park as well as a rear yard. The property also benefits from well-maintained lifts and central heating, with each floor featuring dedicated toilets, kitchen, and electricity supplies.
The property currently has approx. 3,000 sq ft occupied, generating £53,390 per annum via 8 tenancies. There is approx. 4,900 of vacant office space ready for letting, providing significant potential for rental growth via marketing and asset management. Buyers are directed to the legal pack to view the full tenancy schedule.
Pier House enjoys a position in Wigan town centre, with direct access to the M6 and M56 motorways via the A58, providing convenient connection to major cities and business hubs across the North West. Frequent train services from Wigan Wallgate and North Western stations offer convenient access to Manchester, Liverpool, and beyond. Nearby commercial occupiers include Halfords, GO Outdoors, Enterprise Car Hire, and Hollywood Bowl.
The site is held on freehold and long-leasehold titles.
Costs
Auction Details
The sale of this property will take place on the stated date by way of Multi lot timed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 1.8% of the purchase price (subject to a minimum of £2,400 inc. VAT)
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The 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.
