Wigan is a town within Greater Manchester, located approximately 322 km (200 miles) north west of London, 35 km (22 miles) north west of Manchester, 21 km (13 miles) north of Warrington and 32 km (20 miles) north east of Liverpool.

The town benefits from good road communications being situated approximately 5 km (3 miles) east of the M6 (Junction 26) / M58 (Junction 6) intersection. Junction 5 of the M61 Motorway is approximately 8 km (5 miles) to the east. In addition, the A580 is approximately 11 km (7 miles) to the south and provides direct access to both Liverpool and Manchester.

The town is connected to the national railway network with a fastest journey time to London Euston of 1 hour 55 minutes. Manchester Airport is approximately 40 km (25 miles) to the south east and Liverpool John Lennon Airport approximately 32 km (20 miles) to the south west.

Wigan Borough has a population of approximately 321,000 people. There are currently over 9,000 businesses in the borough supporting nearly 120,000 jobs. Major employers include Heinz, Wincantons, AB World Foods, Hovie, Tesco and ASDA (Source: Wigan Council).

The subject property is found on a main arterial route into Wigan town centre at the junction of Rosebridge Way and the A577 Manchester Road approximately 1.6 km (1 mile) west of Wigan town centre and 9.5 km (6 miles) to the east of Junction 5 of the M61 Motorway.

Rosebridge Way has benefitted from a new trade counter development known as Wigan Trade Park which provides approximately 1,625 sq m (17,500 sq ft) over 5 units ranging from 278.7 sq m (3,000 sq ft) to 371.6 sq m (4,000 sq ft) each. We understand that the rents achieved are in the order of £78.50 per sq m (£7.50 per sq ft).

Other occupiers on Rosebridge Way include Bromborough Paints, Middleton & Wood, A-Tec Systems and Rosebridge Court which is a multi-let industrial estate.

The property has been measured by BKR Floor Plans and provides the following gross internal floor areas;

Mezzanine* is a tenants improvement.

A set of floor plans is available to download and the measured survey report can be addressed to the purchaser on completion.

An Environmental Phase 1 Report has been carried out by WSP UK Limited in December 2017 concluding the site represents a low/medium risk to contamination. A copy of the report is available and can be addressed to a purchaser on completion.

We estimate the site area to be approximately 0.78 hectares (1.9 acres) providing a site cover in the order of 21%.

Freehold.

The tenant, Jewson Limited (Co. No. 348407), has reported the following figures;

The first Jewson branch opened in 1836 and today there are over 500 Jewson’s across the country making it one of the United Kingdom’s leading supplier of sustainable timber and building materials. Jewson is a Saint Gobain brand, being part of one of the largest construction businesses in the world. For further information please visit www.jewson.co.uk.

The Seller is registered for VAT and has opted to tax. Therefore, it is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).

1. An opportunity to acquire a trade counter / industrial investment;

2. The property is let to Jewson Limited (Total Assets £175m) who have been in occupation of the property for more than 20 years;

3. The tenant has entered into a new lease demonstrating their desire to remain in occupation of the property at an increased rent to the previous passing rent being paid;

4. The property is situated in an established location;

5. The investment provides highly secure income to the United Kingdom’s leading chain of builders merchants;

6. A purchase at the asking price would provide an investor with an attractive net initial yield.