The property comprises a three storey (plus basement) building, with retail accommodation to the ground floor and two separately accessed flats to the uppers. The property has been well maintained. The upper floors have UPVC, double glazed windows and wall mounted electric heating. In addition, the ground floor tenant has traded from the property for circa 11 years, and their fitout includes a HVAC system and suspended ceiling which incorporates panel lighting.
The property benefits from electricity, water and drainage. The ground floor and each flat are separately metered for electricity.
A dataroom is available, containing photographs, copies of the leases, titles and EPCs. Please contact WT Gunson for access.
( Agency Pilot Software ref: 1406 )
Location
The property is located on Market Street in the centre of Wigan. Connectivity is excellent, with the bus interchange located directly to the rear, and Wigan Wallgate & North Western train stations both within a c.0.5 mile walk. The premises is directly opposite Wigan Galleries, a 440,000 sq.ft shopping centre which is being redeveloped by BCEGI and Cityheart to include a 700-seat cinema, multi-lane bowling alley, indoor mini golf, and a climbing wall. Wigan and Leigh College is also within a short walk
Accommodation
Ground Floor and Basement 731sqft Basement not measured
Terms
EPC Ground floor – B (45) Flat 1 – E (46) Flat 2 – D (60)
DATAROOM A dataroom is available, containing photographs, copies of the leases, titles and EPCs. Please contact WT Gunson for access.
QUOTING PRICE Offers in the region of £250,000. A purchase at this level represents a gross yield of 10.6% based on the ERV when fully let.
TENURE Freehold – title GM798251
Specification
• Total ERV £26,XXXa
• Ground floor tenant in situ since 2012. Four years unexpired; no breaks.
• Directly opposite the redevelopment of Wigan Galleries
• Bus interchange within 1 minutes’ walk
• No VAT