50a Park Road Wigan, WN6 7AE

Sold £60,000
Property Details

50a Park Road Wigan, WN6 7AE

Sold £60,000
Description

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

Investment Figures
Offer Price: £60,000
Rental Income: £425PCM / £5100PA
Yield: 8.9%

Main Selling Points
Licensed newsagent
Sitting tenant with 15 years remaining with no arrears.
Yield: 8.9%
Potential for asset management to increase yield/capital value

Property Features
  • 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
Rural Features

Amco Management

T: 0161 773 3978

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