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Retail Property (high street) for sale

Chapel Street,Leigh,WN7

58 sq. m. | £99,999

Property Description

Commercial information

  • Business for sale
  • 627 sq ft (58 sq m)

Key features

  • REF: 2278
  • FREEHOLD
  • Accommodation

Full description

Tenure: Freehold

LOCATION
This is a rare opportunity to purchase a freehold tenanted commercial premise in a prime trading location. Situated in the heavily populated town of Leigh within the borough of Wigan in Greater Manchester.

The premise is situated on the very busy A572 connecting to the A579 and A580 both heavily used arterial commuter roads. The premise sits within a vibrant commercial and residential area ensuring heavy passing traffic and good footfall in the area.

Leigh is around 7 miles from Wigan and 9.5 miles from the City of Manchester, it has a population of around 46,000.

INVESTMENT OPPORTUNITY
Hilton Smythe commercial is delighted to welcome to the market this fantastic freehold tenanted investment opportunity.

On the ground floor is a 24 cover café with kitchen at rear, with small storage area within the kitchen and Ladies and Gentleman's toilet facilities. We are advised all equipment is owned by the leaseholder of the café. Monthly income from the café is £450 PCM.

Additional rental income is generated from a self-contained flat, split over the first and second floors and briefly comprises; entrance is from the rear, locked metal gate with small yard and front door to stairs.

On the first floor there is a large carpeted lounge, kitchen with white base and wall units and family bathroom.

On the second floor there is an open plan large double bedroom. Monthly income from flat is £375 PCM.

Both the commercial unit and flat tenants are on a short term lease arrangement and currently yield a fantastic combined income of circa £10,000 per annum.

Our client also owns the premise next door a large car showroom and workshop available by separate negotiation (see Hilton Smythe reference 2277).

TENURE
We are advised freehold.

The current lease arrangements are:-
Original lease length 3 years
1 year remaining.

Yielding a total rental income of circa £10,000 per annum.


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