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Wallgate - Moot Hall Chambers
2,525 SF Retail Condo Unit Offered at $366,542 in Wigan WN1 1JE
Investment Highlights
- Prominent Location
- Good Transport Links
- Close to local amenities
Executive Summary
The property is situated in the heart of Wigan Town Centre, at the intersection of Wallgate, Market Place, and Library Street. The premises enjoys a prominent location within the main retail core, adjacent to All Saints Church and the Wigan Cenotaph and in close proximity to Grande Arcade Shopping Centre. Nearby occupiers include Wetherspoons Public House, TUI, Subway, Lloyds Bank and Barclays Bank. Both Wigan Wallgate and Wigan North Western train stations are within a short walking distance of the property.
Property Facts
| Price | $366,542 | Building Class | C |
| Unit Size | 2,525 SF | Floors | 4 |
| No. Units | 1 | Typical Floor Size | 1,942 SF |
| Total Building Size | 7,224 SF | Year Built | 1868 |
| Property Type | Office (Condo) | Lot Size | 0.07 AC |
| Sale Type | Investment |
| Price | $366,542 |
| Unit Size | 2,525 SF |
| No. Units | 1 |
| Total Building Size | 7,224 SF |
| Property Type | Office (Condo) |
| Sale Type | Investment |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 1,942 SF |
| Year Built | 1868 |
| Lot Size | 0.07 AC |
1 Unit Available
Unit 6-10
| Unit Size | 2,525 SF | Sale Type | Investment |
| Price | $366,542 | Tenure | Freehold |
| Price Per SF | $145.16 | Cap Rate | 9.85% |
| Condo Use | Retail | NOI | $36,104.35 |
| Unit Size | 2,525 SF |
| Price | $366,542 |
| Price Per SF | $145.16 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 9.85% |
| NOI | $36,104.35 |
Description
The property enjoys a prominent corner location with visibility on Wigan Market Place, a pedestrian-friendly square that serves as a hub for the main retail streets in Wigan. It is situated directly across from The Moon Under Water Wetherspoons pub, with the Makinson Arcade shopping centre located just to the north. Nearby businesses include Ladbrokes, Barclays, Greggs, and JD Sports as well at the Grand Arcade Shopping Centre.
Sale Notes
£295,000, representing an attractive Net Initial Yield of 9.85% allowing for standard Purchaser's costs.
VAT is applicable at the prevailing rate, however, we expect the sale will be treated as a Transfer of a Going Concern (TOGC). Purchaser's are advised to obtain advice from their Accountant/Financial Advisor.
Amenities
- 24 Hour Access
- Energy Performance Rating - C
Learn More About Investing in Office Space
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Wallgate - Moot Hall Chambers
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