9 Broad O Th Ln
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9 Broad O Th Ln
968 SF Vacant Retail Building Wigan WN6 8EA $223,632 ($231/SF) 7.08% Cap Rate
Investment Highlights
- Retail unit on the ground floor
- Additional income from residential accommodation above
Executive Summary
An opportunity to acquire a freehold commercial investment property in Wigan.
The property is located at 9 Broad O' Th' Lane, Shevington, Wigan, WN6 8EA and is comprised of a retail unit on the ground floor, currently tenanted and used as a Chinese takeaway. On the first floor there is a two bedroom accommodation which is also occupied by the tenant.
The property is currently let at £12,740 per annum for the whole property and there is approximately 18 years left on the lease.
The property is located at 9 Broad O' Th' Lane, Shevington, Wigan, WN6 8EA and is comprised of a retail unit on the ground floor, currently tenanted and used as a Chinese takeaway. On the first floor there is a two bedroom accommodation which is also occupied by the tenant.
The property is currently let at £12,740 per annum for the whole property and there is approximately 18 years left on the lease.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Tenure
Freehold
Building Size
968 SF
Year Built
1970
Price
$223,632
Price Per SF
$231
Cap Rate
7.08%
NOI
$15,828
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
1.60
Lot Size
0.01 AC
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9 Broad O Th Ln
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