3 - 7 Arcade Street, Wigan, Wigan, WN1 1DE

For sale by Online Auction. 28th of May 2026.



MULTI LET INCOME GENERATING COMMERCIAL PROPERTY TO BE SOLD AT AUCTION

Description
Arcade Street, Wigan Town Centre Freehold Commercial Investment with Development Potential WN1 1DE

A rare opportunity to acquire an income-producing freehold investment at the heart of Wigan's established leisure and bar circuit on Arcade Street, in a town centre undergoing its most significant transformation in decades.

PLEASE REGISTER ON THE AUCTIONEER'S WEBSITE FOR THE LEGAL PACK AND VIEWING INFORMATION

The Property
The premises comprise a substantial two-storey, mid-terraced building of traditional brick construction beneath a pitched slate roof, arranged across two self-contained units.

Unit 3 (Ground Floor) Formerly a barber shop, currently vacant and available to let at £5,988 per annum (£499 per calendar month), offering a purchaser the opportunity to either select their own tenant or renegotiate terms on completion.

Units 57 (Ground and First Floor) Currently let on a five-year full repairing and insuring lease from 29 November 2023 at £19,200 per annum (£1,600 per calendar month), with no break options. The tenant trades as Envy Lounge Bar. Note: the lease is held in personal names rather than through a limited company.

Possible combined passing rent: £25,188 per annum.

Business Rates
Both units are listed on the 2023 Rating List and currently qualify for 100% Small Business Rate Relief.

Unit 3: Rateable Value £3,250. Units 57: Rateable Value £7,700.

Development Potential
There is considerable scope to enhance value beyond the existing income. With a separate entrance already in place onto Arcade Street, the upper floors offer realistic potential for residential conversion, subject to planning consent. There is also the possibility of adding an additional storey, subject to structural and planning considerations. Given the direction of travel in Wigan town centre, obtaining consent for residential use above commercial premises has become an increasingly viable proposition.

Location and Regeneration
Wigan town centre is in the midst of one of the most ambitious regeneration programmes of any town in the North West. The £135 million redevelopment of the former Galleries shopping centre will bring new shops, bars, restaurants, a cinema, bowling alley, climbing wall, over 400 new homes, and a Hilton hotel to the town centre. Construction is already underway, with the first phase delivering a new market hall and food court, a 144-bedroom hotel, and associated infrastructure.

Adding further momentum to the evening economy, STACK Wigan, a new leisure venue spanning 48,000 square feet across multiple floors, will feature live entertainment, 12 street-food vendors, and six bars, with capacity for over 2,000 people at peak times. Construction commenced in 2025, with an anticipated opening in 2026.

Immediately opposite the property, planning permission has been granted for 26 new apartments and four additional Class E commercial units (ref: A/24/96739/MAJOR).

Wigan is well served by transport, with two rail stations (Wigan North Western and Wigan Wallgate) both within easy walking distance of the town centre.

Services
Mains electricity, water, and drainage are understood to be connected, though prospective buyers should make their own enquiries to confirm.



Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.

Auction Information
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.