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504 Wigan Rd 1,377 sq ft Retail Property Manchester M46 0GA £250,000 (£181.55/sq ft) 4.80% Net Initial Yield
Investment Highlights
- Situated in a highly visible position on Wigan Road A577.
- Ideally positioned in a densely populated residential area with lots of passing trade.
- On a continuation of A579 Bolton Road with easy access to the M61 motorway junction 5.
Executive Summary
We understand that the property is freehold. The ground floor commercial unit has an approximate internal area of 742sqft /69sqm and is currently let as a Barber Shop until April 2028 with the current rent £12,000 per annum increasing on a yearly basis by £1,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,377 sq ft
Costar Property Class
B
Year Built
1918
Price
£250,000
Price per sq ft
£181.55
Yield
4.80%
NOI
£12,000
Tenancy
Single
Number of Floors
2
Plot ratio
0.54
Total Plot Size
0.06 ac
Frontage
23 ft on Wigan Road
Amenities
- 24 Hour Access
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Nearby Major Retailers
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Presented by
504 Wigan Rd
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