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Pier House Wallgate 12,282 sq ft 99% Let Office Property Wigan WN3 4AL £1,100,000 (£89.56/sq ft) 9.24% Net Initial Yield

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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
Property Size
12,282 sq ft
Costar Property Class
B
Year Built/Renovated
1900/2005
Price
£1,100,000
Price per sq ft
£89.56
Yield
9.24%
NOI
£101,640
Occupancy Rate
99%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
3,071 sq ft

AMENITIES

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

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 7
  • 130 sq ft
  • Office
  • Partial Fit-Out
  • Now

Office space to rent on a flexible basis. Rent: £300 pcm, term of years to be agreed

Space Size Space Use Condition Available
1st Fl-Ste 7 130 sq ft Office Partial Fit-Out Now

1st Fl-Ste 7

Size
130 sq ft
Space Use
Office
Condition
Partial Fit-Out
Available
Now

1st Fl-Ste 7

Size 130 sq ft
Space Use Office
Condition Partial Fit-Out
Available Now

Office space to rent on a flexible basis. Rent: £300 pcm, term of years to be agreed

  • Listing ID: 33835893

  • Date on Market: 12/11/2024

  • Last Updated:

  • Address: Wallgate, Wigan WN3 4AL

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