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Pier House Wallgate 10,500 SF 95% Leased Office Building Wigan WN3 4AL $1,484,601 ($141.39/SF) 9.24% Cap Rate

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Investment Highlights

  • Excellent transport links with direct access to motorways, trains, and Manchester Airport
  • Instant income with reliable rental yield of 9.24%
  • 19 offices currently leased to 11 tenants
  • Unique blend of history, character, and modern potential
  • Diversified tenant base minimizes risk
  • Multiple expansion and redevelopment options (subject to planning)

Executive Summary

Pier House is a well let, multi-tenanted investment opportunity that could also suit a range of development opportunities (STP).

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
10,500 SF
Building Class
B
Year Built/Renovated
1900/2005
Price
$1,484,601
Price Per SF
$141.39
Cap Rate
9.24%
NOI
$137,177
Percent Leased
95%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
3,071 SF

Amenities

  • 24 Hour Access
  • Security System
  • Accent Lighting
  • Raised Floor System

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 3B
  • 139 SF
  • Office
  • Partial Build-Out
  • Now

The available accommodation comprises a high-quality office suite arranged predominantly as bright open-plan workspace with excellent natural light throughout. Fully self-contained and presented to a professional standard, the space benefits from on-site parking and a practical layout suitable for modern office operations. £350 Per calendar month

  • 1st Fl-Ste 8
  • 90 SF
  • Office
  • Partial Build-Out
  • Now

Office space to rent on a flexible basis. Rent: £175 pcm, term of years to be agreed

  • 2nd Fl-Ste Baker
  • 335 SF
  • Office
  • Partial Build-Out
  • Now

Office space to rent on a flexible basis. Rent: £600 pcm, term of years to be agreed

Space Size Space Use Condition Available
1st Fl-Ste 3B 139 SF Office Partial Build-Out Now
1st Fl-Ste 8 90 SF Office Partial Build-Out Now
2nd Fl-Ste Baker 335 SF Office Partial Build-Out Now

1st Fl-Ste 3B

Size
139 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 8

Size
90 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

2nd Fl-Ste Baker

Size
335 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 3B

Size 139 SF
Space Use Office
Condition Partial Build-Out
Available Now

The available accommodation comprises a high-quality office suite arranged predominantly as bright open-plan workspace with excellent natural light throughout. Fully self-contained and presented to a professional standard, the space benefits from on-site parking and a practical layout suitable for modern office operations. £350 Per calendar month

1st Fl-Ste 8

Size 90 SF
Space Use Office
Condition Partial Build-Out
Available Now

Office space to rent on a flexible basis. Rent: £175 pcm, term of years to be agreed

2nd Fl-Ste Baker

Size 335 SF
Space Use Office
Condition Partial Build-Out
Available Now

Office space to rent on a flexible basis. Rent: £600 pcm, term of years to be agreed

  • Listing ID: 33835893

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: Wallgate, Wigan WN3 4AL

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