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Flats 1-14 Alexandra Apartments, Wilkinson Street, Leigh, Lancashire, WN7 4EN
Guide Price* : £750,000 plus
RESIDENTIAL PORTFOLIO INVESTMENT
- Residential Portfolio
- Comprising 13x Flats in Converted Building
- Freehold
- Producing £68,640 Per Annum Gross (as at December 2024)
Addendum
Added 4/12/24 - The tenancy schedule has changed since the property information was first published. Rooms 3 and 14 are both vacant and the total Gross Annual Income is £68,640.
Description
The opportunity provides 13x one bedroom flats within a converted early 20th Century two storey building.
Each flat has white painted walls throughout, with laminate flooring in the kitchen/living room, linoleum to the bathroom and carpet in the bedroom.
The kitchens comprise wall and floor cupboards, laminate work-tops and up-stand, free standing electric single oven with a 4-ring electric hob, modern tiled splash-back, a dated extractor hood, a sink, an undercounter fridge/freezer and a washing machine.
The bathrooms comprise a white 3-piece suite with an electric shower over the bath and tiling around the bath and hand basin.
Location
Leigh is a small town in the Metropolitan Borough of Wigan, Greater Manchester, situated approximately 5.8 miles southeast of Wigan, 6.6 miles southwest of Bolton, 7.8 miles north east of Warrington, and about 11 miles west of Manchester City Centre.
The town benefits from its central location between the M61, M6, and M62 motorways, providing excellent access to the wider motorway network across the North West. Although Leigh does not have a train station, the Leigh-Salford-Manchester Guided Busway starts at Leigh Bus Station in the town centre, offering convenient connections southward to Manchester. Additionally, various bus routes link Leigh to nearby towns and suburbs. The A580 East Lancashire Road, located to the south, serves as a major thoroughfare between Manchester and Liverpool.
Alexandra Apartments are positioned roughly 200 metres west of the town centre and Leigh Bus Station, along Wilkinson Street. This street is primarily residential, featuring early 20th-century terraced houses alongside a mix of purpose-built and converted low-rise apartment buildings.
Tenure
We understand the property is held freehold under Title Number GM783898.
Planning Authority
Wigan Council - www.wigan.gov.uk
Bidder Registration
Registration for bidding will close at 2:00 pm the day before the auction, after which we cannot guarantee giving you permission to bid at the auction.
VAT
Refer to the legal documentation
Energy Performance Certificate
Flat 1 - E:46
Flat 2 - C:69
Flat 3 - C:70
Flat 4 - D:68
Flat 5 - D:67
Flat 6 - D:60
Flat 7 - E:40
Flat 8 - D:63
Flat 9 - E:39
Flat 10 - D:56
Flat 11 - E:40
Flat 12 - E:52
Flat 14 - E:40
Note
We have not inspected internally and the measurements and photographs have been provided to us by third party sources.
We have been informed that significant roof repairs have been undertaken in 2024.
Accommodation
The Auctioneers have not inspected internally and the following information has been provided by the Vendor.
| Floor | Use | SQ M | SQ FT | Tenant | Lease Terms | Rent £ PA |
|---|---|---|---|---|---|---|
| Ground Floor | Flat 1 | 32.31 | 348 | 1 bed | 23/04/2024 to 22/10/2024 | £6,900 |
| Ground Floor | Flat 2 | 40.94 | 441 | 1 bed flat (with mezzanine) | 30/03/2024 to 29/03/2025 | £7,200 |
| Ground Floor | Flat 3 | 36.84 | 397 | 1 bed flat (with mezzanine) | Vacant | £7,140 |
| Ground Floor | Flat 4 | 37.45 | 403 | 1 bed flat (with mezzanine) | 22/03/2024 to 21/09/2024 | £6,420 |
| Ground Floor | Flat 5 | 45.90 | 494 | 1 bed flat (with mezzanine) | 31/05/2024 to 30/11/2024 | £6,600 |
| Ground Floor | Flat 6 | 36.27 | 390 | 1 bed flat | 22/07/2024 to 21/01/2025 | £6,840 |
| Ground Floor | Flat 7 | 45.87 | 494 | 1 bed flat (with mezzanine) | 27/11/2023 to 26/11/2024 | £6,300 |
| First Floor | Flat 8 | 41.45 | 446 | 1 bed flat | 31/08/2023 to 30/08/2024 | £6,300 |
| First Floor | Flat 9 | 49.31 | 531 | 1 bed flat (with mezzanine) | 30/04/2022 to 29/04/2024 | £6,000 |
| First Floor | Flat 10 | 37.08 | 399 | 1 bed flat (with mezzanine) | 23/04/2024 to 22/04/2024 | £5,400 |
| First Floor | Flat 11 | 37.08 | 399 | 1 bed flat (with mezzanine) | 11/03/2024 to 10/03/2025 | £6,300 |
| First Floor | Flat 12 | 40.90 | 440 | 1 bed flat (with mezzanine) | 02/12/2023 to 01/12/2024 | £6,000 |
| First Floor | Flat 14 | 47.51 | 551 | 1 bed flat (with mezzanine and terrace) | Vacant | |
| Totals (Gross) | 528.91 | 5,693 | £68,640 |
Contact
Joint auctioneers
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
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The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
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Office Contact
Legal Documents
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Additional Documents
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton December 2024
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including LSH Property Auctions, and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
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