6-10 Wallgate, Wigan, Lancashire
Guide Price
£280,000
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- High Yielding Retail Investment
- Let to Betfred with 4.5 Years Unexpired
- Producing £30,000 per annum
- Tenant in Occupation for 20+ Years
- New Lease Agreed in 2023
- Prime, Town Centre, Location
- Double Fronted Unit on Pedestrianised Square
- Commercial Upper Parts Sold Long Leasehold
- Guide Price Reflects 10.7% Gross Yield
Description
The property comprises a prime, high yielding, retail investment situated with a frontage to the central square of Wigan.
Arranged across ground, first and second floors, the property provides a single, double fronted, retail unit to the ground floor, with office accommodation to the upper parts (sold off on a long leasehold basis).
The ground floor is let to Done Brothers (Cash Betting) Limited (t/a Betfred) on a lease expiring 14/09/2028 and paying £30,000 per annum. The tenant has been a long standing occupier having originally commenced their occupation in 2002 and have displayed commitment to the location by way of a new five year lease agreed in September 2023.
The property occupies a prominent corner pitch with a frontage to Wigan Market Place, a pedestrianised square at the junction of all principal retail streets in Wigan. The property is opposite The Moon Under Water Wetherspoons pub and the Makinson Arcade shopping centre is immediately to the north. Local occupiers include Ladbrokes, Barclays, Greggs, and JD Sports.
Wigan Wallgate Station - 150m
Wigan North Western Station - 0.2 miles
Arranged across ground, first and second floors, the property provides a single, double fronted, retail unit to the ground floor, with office accommodation to the upper parts (sold off on a long leasehold basis).
The ground floor is let to Done Brothers (Cash Betting) Limited (t/a Betfred) on a lease expiring 14/09/2028 and paying £30,000 per annum. The tenant has been a long standing occupier having originally commenced their occupation in 2002 and have displayed commitment to the location by way of a new five year lease agreed in September 2023.
The property occupies a prominent corner pitch with a frontage to Wigan Market Place, a pedestrianised square at the junction of all principal retail streets in Wigan. The property is opposite The Moon Under Water Wetherspoons pub and the Makinson Arcade shopping centre is immediately to the north. Local occupiers include Ladbrokes, Barclays, Greggs, and JD Sports.
Wigan Wallgate Station - 150m
Wigan North Western Station - 0.2 miles
6-10 Wallgate, Wigan, Lancashire
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wigan Wallgate Station0.1 miles
- Wigan North Western Station0.2 miles
- Ince Station0.9 miles
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