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Bird I'th Hand 100-102 Gidlow Ln 1,300 SF Retail Building Wigan WN6 7DY $1,004,621 ($772.79/SF) 8% Cap Rate
Investment Highlights
- Substantially refurbished building
- Vacant possession on completion
- Large car park and outdoor areas
- Wide retail frontage
Executive Summary
The property is offered for sale at £750,000 OIRO, providing an opportunity to acquire a freehold mixed-use investment with existing residential income, vacant commercial accommodation, and future asset management and development potential in a regenerating town centre location.
The property presents an attractive investment opportunity with a rental income of £58,400 per annum bringing the rental yield to 8%. The existing revenue coupled with the potential for further growth render this offering as a compelling proposition in the real estate market.
The property presents an attractive investment opportunity with a rental income of £58,400 per annum bringing the rental yield to 8%. The existing revenue coupled with the potential for further growth render this offering as a compelling proposition in the real estate market.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Bar
Building Size
1,300 SF
Building Class
B
Year Built
1913
Price
$1,004,621
Price Per SF
$772.79
Cap Rate
8%
NOI
$80,370
Tenancy
Single
Building Height
3 Stories
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Nearby Major Retailers
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Bird I'th Hand | 100-102 Gidlow Ln
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