50a Park Road Wigan, WN6 7AESold £60,000
This commercial property is let on a 25 year FRI lease expiring on 31 January 2033 at an annual rent of £5,345.60
A rent review is in the process of being negotiated to further increase the yield.
The tenant has been in situ for 10 years and is fully up-to-date with the rent.
Long Term Buy To Let Investment with potential for asset management
We have negotiated the contracts at £60,000
Offer Price: £60,000
Rental Income: £425PCM / £5100PA
Main Selling Points
Sitting tenant with 15 years remaining with no arrears.
Potential for asset management to increase yield/capital value
- 8.9% Rental Yield
- Licensed newsagent improves value of premises.
- Potential for asset management to increase yield/capital value (when vacant).
- Rental Income: £445PCM/£5345.60PA