Millgate, Wigan
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- SECTOR
Commercial property for sale
Key features
- DOUBLE FRONTED SPACIOUS COMMERCIAL PROPERTY
- HIGH STREET PROMINENT POSITION LOCATED ON MILLGATE IN WIGAN
- CLOSE PROXIMITY TO £135M TOWN CENTRE REDEVELOPMENT PROJECT
- VACANT POSSESION - NO CHAIN!
- PREVIOUSLY TENANTED AND TRADED AS A BAR/RESTAURANT
- PRIVATE OUTDOOR GARDEN AREA TO REAR
- IN NEED OF SOME REFURBISHMENT
- SUITABLE FOR A WIDE VARIETY OF COMMERCIAL USES (SUBJECT TO PLANNING)
- GREAT INVESTMENT BUY
- 9% YIELD FROM PREVIOUS RENTAL INCOME
Description
Previously operating as a bar/ restaurant, the property offers an excellent opportunity for a variety of commercial uses, benefitting from its strong location and the significant ongoing investment in the town centre.
The property is spread over two floors, with a further loft/office room above. Previously used as a bar / restaurant with an income of £20k PA rent (9% yield return).
To the rear a spacious private garden, ideal for outside entertainment for storage.
Inside the building is fitted out as a bar / social space and is in need of some renovation if used as a bar, or could be utilised for a number of other uses (subject to planning)
There is also scope for future development with the potential that it could be converted to residential usage (subject to planning)
The property is ideally positioned within close proximity to Wigan’s £135m town centre regeneration scheme, which is set to deliver over 460 new residential units alongside a hotel, cinema, bowling alley, indoor mini golf, event spaces, a modern market hall and more. This major investment is expected to significantly enhance the town’s profile and add long-term value to the surrounding area.
In addition, planning consent has been granted nearby for 26 apartments and four new Class E commercial units, further strengthening the appeal and vibrancy of the location.
Wigan is an established and thriving leisure and retail destination, strategically located 17 miles north-west of Manchester and 15 miles south of Preston. The town benefits from excellent transport links, with the M6 motorway just 4 miles to the west and the M61 motorway 6 miles to the north-east.
Room 1 - Entrance - 8.39 x 4.27 (27'6" x 14'0") -
Room 2 - Garden Area - 8.39 x 4.27 (27'6" x 14'0") - Outside garden area
Floor 1 - 8.37 x 4.32 (27'5" x 14'2") -
Room 2 - 4.66 x 3.33 (15'3" x 10'11") - This floor benefits from both ladies’ and gents’ toilet facilities.
Floor 2 - Attic Room - 8.5 x 3.46 (27'10" x 11'4") - Stairs to loft room
Brochures
Millgate, Wigan
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wigan Wallgate Station0.2 miles
- Wigan North Western Station0.2 miles
- Ince Station0.9 miles
Notes
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