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Investment Property - Wigan For Sale

Wigan, Greater Manchester, UK
Asking Price:
£239,950
Turnover:
£13,500
Net Profit:
Available on request

Town Centre Location
Rental Income £13,500 Per Annum
Currently Tenanted By A Barbers
Long Lease
Large Four Storey Premises
Well Presented Throughout
EPC - G

REF 7184 – Freehold Investment Property

Blacks Brokers are pleased to bring to the market this freehold investment property located in Wigan, Greater Manchester.

INTRODUCTION

14 Wallgate, Wigan is a three storey, mid terraced property in the town centre of Wigan. The property is currently tenanted on a long term basis by a Barbers business.

LOCATION

14 Wallgate occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Subway. Wigan Wallgate Railway Station is also nearby. The area is well linked by the M6 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE

The property is offered for sale due to our clients other interests.

LEASE

The current tenant began a ten year lease in 2017 and this generates a rental income of £13,500 per year.

BUILDING LAYOUT AND DESIGN

Toppers Barbers operates from all floors of this spacious mid terraced property. The business has large branding and signage on display above a fully glazed frontage. Inside, the ground floor comprises of a main salon area with basement floor used for a staff room and utility area. The first floor has three private rooms fitted with sunbeds and the second floor is one large room currently used for storage. All areas are well equipped and presented nicely.

SUMMARY

This large property has a long term tenant in place with a reputable business. The property is positioned in a highly sought after area of Wigan. Early viewings are strongly advised.

Property Information

Property:

Freehold

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