MapGuide price
£420,000Property for sale
Chapel Street, Leigh, WN7 2DA
Auction
Property
Features and description
- To be Sold via Online Auction
- Large Commercial Building
- Fantastic Development Opportunity
- Planning Permission Granted For Six Apartments
- Ground Floor Lease In Place
- Application no: A/25/098776/CU
- Freehold Property
- Close To Leigh Town Centre
- High Street Location
- Viewings Highly Recommended
For sale via online auction this substantial freehold commercial building presents a premier development opportunity, perfectly situated near the heart of Leigh Town Centre. With full planning permission granted (Application No: A/25/098776/CU) to convert the upper floors into six self-contained apartments, the property is ideally primed for investment.
A key highlight of this asset is the immediate income generated by the ground floor, which is currently occupied under a secure lease. This provides a reliable revenue stream to offset costs while the residential conversion of the upper levels is underway. By combining the stability of a commercial tenant with the high-yield potential of the residential sector, this property offers an expertly diversified risk profile.
The building benefits from a high-visibility location on a bustling high street, ensuring significant foot traffic and prominence within a vibrant retail hub. Investors can also capitalize on ongoing regeneration initiatives in Leigh, which are transforming public spaces and enhancing the town's economic diversity
Leigh is increasingly recognized as a property hotspot within Greater Manchester, offering competitive entry prices and strong potential for long-term capital growth. The site is exceptionally well-served by local transport, including the V1 Guided Busway, providing direct and efficient access to Manchester City Centre—a major draw for professional tenants.
Take advantage of this unique opportunity to secure a high-performance asset while contributing to the growth of the Leigh community. Contact Rutter Green on[use Contact Agent Button] or alternativley email [use Contact Agent Button] to arrnage a viewing.
To be sold via online auction on Thursday 19th March 2025 at 12.00 Noon GMT. The Auction will run for 30 minutes. Register to bid today.
Disclaimer
For sale by Unconditional Online Auction.
Terms
Auction Method:
The auction for this property will be conducted online through our online-bidding platform. This is on a "Buy It Now" basis, and no other lots being sold alongside this property. To view this, search for the property on our website. Then click onto the property to view the property details and register to place your offer.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to Rutter Green's Buyers Terms (England & Wales) which are available on .
Auction type - Unconditional with Fixed Fee
If you secure the property, you must exchange legally binding contracts for the sale when the Auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.
Auction Fees Explained
When you participate in Rutter Green Property Auctions, please be aware of the following non-refundable fees:
Buyer's Fee: This fee is payable upon the close of the auction and is calculated as a percentage of the final purchase price of the property. Below is a breakdown of the Buyers Fee charges;
Important Note: The Buyers Fee does not contribute to the purchase price of the property.
Deposit: Upon the exchange of contracts, the successful bidder is required to pay a non-refundable deposit equal to 10% of the final purchase price of the property, with a minimum deposit of £5,000. This deposit will contribute towards the total purchase price.
Payment Process:
When you register to bid, you will be asked to provide your payment details to Rutter Green. If you are the winning bidder, an initial payment covering a portion of the Buyer's Fee will be automatically charged to your registered payment method immediately after the auction ends. This initial charge is calculated based on the guide price of the property, using the fee scale outlined above.
Example 1: Let's say you win a property, and the hammer falls over the guide price, and you win the property at £100,000, here's how the payments would work:
Initial payment straight after the auction closes:
Total payment on the fall of the hammer is £16,000 - please see note below regarding legal pack.
Remainder to pay on completion of contracts: £90,000 plus legal fees
Example 2: Let's say you win a property and the hammer falls on £255,000, here's how the payments would work:
Initial payment straight after the auction closes:
Total payment on the fall of the hammer is £34,680 - please see note below regarding legal pack.
Remainder to pay on completion of contracts: £229,500 plus legal fees
Legal Pack Special Conditions: In the special conditions there might be additional charges such as paying the Vendors legal fees. Each auction property legal pack differs, please ensure you download the legal pack to check if additional costs are applied to the sale of the property.
Payments of Additional Amounts: Any outstanding balance on the Buyer's Fee and deposit after the auction must be paid immediately via debit card or bank transfer. We do not accept payments by cash or cheque.
Legal Pack
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
To view the legal pack, first search for the property on Rutter Green's website and click onto the property to view the property details. There will be a sub-heading "Data Room". Underneath this, you will be prompted to "Log in to view the legal documents". Follow this link, you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the Auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale. It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of Rutter Green's terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Registration Process
To register to bid on the property, search for the lot on Rutter Green's website. Click onto the property, follow the link to "Log in/register to bid", and you will then be directed to create an account with the online-bidding platform provider, Offr.
A key highlight of this asset is the immediate income generated by the ground floor, which is currently occupied under a secure lease. This provides a reliable revenue stream to offset costs while the residential conversion of the upper levels is underway. By combining the stability of a commercial tenant with the high-yield potential of the residential sector, this property offers an expertly diversified risk profile.
The building benefits from a high-visibility location on a bustling high street, ensuring significant foot traffic and prominence within a vibrant retail hub. Investors can also capitalize on ongoing regeneration initiatives in Leigh, which are transforming public spaces and enhancing the town's economic diversity
Leigh is increasingly recognized as a property hotspot within Greater Manchester, offering competitive entry prices and strong potential for long-term capital growth. The site is exceptionally well-served by local transport, including the V1 Guided Busway, providing direct and efficient access to Manchester City Centre—a major draw for professional tenants.
Take advantage of this unique opportunity to secure a high-performance asset while contributing to the growth of the Leigh community. Contact Rutter Green on[use Contact Agent Button] or alternativley email [use Contact Agent Button] to arrnage a viewing.
To be sold via online auction on Thursday 19th March 2025 at 12.00 Noon GMT. The Auction will run for 30 minutes. Register to bid today.
Disclaimer
For sale by Unconditional Online Auction.
Terms
Auction Method:
The auction for this property will be conducted online through our online-bidding platform. This is on a "Buy It Now" basis, and no other lots being sold alongside this property. To view this, search for the property on our website. Then click onto the property to view the property details and register to place your offer.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to Rutter Green's Buyers Terms (England & Wales) which are available on .
Auction type - Unconditional with Fixed Fee
If you secure the property, you must exchange legally binding contracts for the sale when the Auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.
Auction Fees Explained
When you participate in Rutter Green Property Auctions, please be aware of the following non-refundable fees:
Buyer's Fee: This fee is payable upon the close of the auction and is calculated as a percentage of the final purchase price of the property. Below is a breakdown of the Buyers Fee charges;
- For properties sold up to £125,000: The Buyer's Fee is a minimum of £6,000 (including VAT).
- For properties sold over £125,000 and up to £250,000: The Buyer's Fee is 4.8% (including VAT) of the purchase price.
- For properties sold for over £250,000: The Buyer's Fee is 3.6% (including VAT) of the purchase price.
Important Note: The Buyers Fee does not contribute to the purchase price of the property.
Deposit: Upon the exchange of contracts, the successful bidder is required to pay a non-refundable deposit equal to 10% of the final purchase price of the property, with a minimum deposit of £5,000. This deposit will contribute towards the total purchase price.
Payment Process:
When you register to bid, you will be asked to provide your payment details to Rutter Green. If you are the winning bidder, an initial payment covering a portion of the Buyer's Fee will be automatically charged to your registered payment method immediately after the auction ends. This initial charge is calculated based on the guide price of the property, using the fee scale outlined above.
Example 1: Let's say you win a property, and the hammer falls over the guide price, and you win the property at £100,000, here's how the payments would work:
Initial payment straight after the auction closes:
- Buyer's Fee (based on minimum fee): = £6,000 (including VAT).
- Deposit: 10% of £100,000 = £10,000
Total payment on the fall of the hammer is £16,000 - please see note below regarding legal pack.
Remainder to pay on completion of contracts: £90,000 plus legal fees
Example 2: Let's say you win a property and the hammer falls on £255,000, here's how the payments would work:
Initial payment straight after the auction closes:
- Buyer's Fee (based on 3.6%): = £9,180 (including VAT).
- Deposit: 10% of £255,000 = £25,500
Total payment on the fall of the hammer is £34,680 - please see note below regarding legal pack.
Remainder to pay on completion of contracts: £229,500 plus legal fees
Legal Pack Special Conditions: In the special conditions there might be additional charges such as paying the Vendors legal fees. Each auction property legal pack differs, please ensure you download the legal pack to check if additional costs are applied to the sale of the property.
Payments of Additional Amounts: Any outstanding balance on the Buyer's Fee and deposit after the auction must be paid immediately via debit card or bank transfer. We do not accept payments by cash or cheque.
Legal Pack
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
To view the legal pack, first search for the property on Rutter Green's website and click onto the property to view the property details. There will be a sub-heading "Data Room". Underneath this, you will be prompted to "Log in to view the legal documents". Follow this link, you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the Auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale. It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of Rutter Green's terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Registration Process
To register to bid on the property, search for the lot on Rutter Green's website. Click onto the property, follow the link to "Log in/register to bid", and you will then be directed to create an account with the online-bidding platform provider, Offr.
About this agent
Moving home is often an emotionally charged and stressful time for all concerned and Rutter Green are here to ensure that we make your move as stress free as possible! Established in 2015 our qualified team have over 90 years combined experience in the residential and commercial business sectors, and a willingness to go further to help our clients achieve their goals. Each team member has been personally selected by our director to ensure that we deliver a service to our clients that, we believe, is unmatched by any other company in our industry. Working in a relaxed, homely office our family run business provides a service that is second to none and backed by ARLA & Property Mark industry accreditation's. On top of this we can also offer energy saving advice. We have a fully qualified Energy Saving Consultant in our team who can give you tips and help you to save money in your home. We are all local to the Wigan area and have a passion for property! We love our town and to honour this we host an annual charity ball where we give back to our community. This has raised money for some amazing causes including “The Brick” and “The Lewy Body Society”. We are property professionals with a difference, we care. We offer good old-fashioned face to face service with an innovative approach to technology and marketing. If you are thinking of selling, buying, renting or letting either in the residential or commercial market please do not hesitate to contact our friendly team for expert advice.