CONFIDENTIAL SALE
FOR SALE
04/10/21
30
Bucadi Commercial 1701 / Rightbiz
Freehold Tenanted Investment Property in Wigan For Sale.
Asking Price of £795,000
9088 Sq Ft (978Sq.M)
Premises at 41-43 Mesnes Street, Wigan, WN1 1QY.
• Tenanted Investment Property.
• 5 Year FRI Lease to 18th November 2025 generating an initial rental income of £40,000 per annum rising to £42,500 per annum.
• Continuously occupied by the same Tenant since 19th November 2010.
• Desirable Town Centre Location
• Ample car parking in close proximity.
• Prominent corner site with wide frontage.
• Arranged over 3 floors plus basement storage.
Current Lease Rent Increases:-
£40,000 per annum (exclusive of VAT) to 18th November 2022.
£41,000 per annum from 19th November 2022 to 18th November 2023.
£42,500 per annum from 19th November 2023 to 18th November 2025.
(Tenant Only Break Clause 19th November 2023 giving a minimum of six months’ notice and £10,000).
Location:-
The property is situated within Mesnes Terrace fronting Mesnes Street close to the Junction with Bridgeman Terrace (B5376) and New Market Street (B5375). The property is located on the fringe of Wigan Town Centre and is only a 2 minute walk from the main retail area and is adjacent to the busy Bridgend Terrace office area of the retail Town Centre. This is a popular location for retailers and professional services with a high footfall and much passing trade.
Description:-
The property is of a part two and part three storey cavity brick construction set beneath a part pitched and part flat roof covering. The property occupies a good sized corner plot with large return frontage. Internally, at ground floor level the premises benefits from a large open plan retail sales area with good depth to the rear of the shop. There is a staircase to the front right hand side sales area which leads to the first floor. At first floor level the premises also comprise of majority open plan sales accommodation together with an office, staff room and staff/customer toilets. Moving up to second floor level there is a staff training room/office accommodation. The property benefits from a dry basement which extends to approximately 845 Sq Ft of good storage space and air conditioning throughout including the basement.
FLOOR AREAS (Net Internal Areas).
Floor SQ.FT. SQ.M
Ground 4272 396.80
First 4172 387.60
Second 45.90 495
Basement 845 78.50
TOTAL 9088 978
Services:-
All mains services are connected to the property.
Please note that none of the service installations or appliances have been tested
Viewing:-
By way of appointment through the sole selling agent Bucadi Commercial.
Ref. 1701
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