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Investment For Sale

  |   High Street, Standish, Wigan, Lancashire, WN6

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Key Features
  • 0.13 Acres (0.05 Hectares)
  • For Sale: on application
  • Multi-let income producing investment property
  • Currently producing £40,250 p.a. with an ERV, when fully let, of circa £60,000 p.a.
  • Prominent position in the centre of thriving village of Standish
  • Service led tenants providing a café bar, courier and hair & beauty services
  • Ideally suited to pension fund purchase being all commercial in nature
Property Description
The subject comprises what is effectively a 2 storey detached corner building that is L-shaped in design having frontages to both High Street and Cross Street. The building provides for 4 self-contained units, 2 of which have accommodation to ground and 1st floor, one of which is ground floor only and one which is 1st floor only. To the rear is an enclosed area which is utilised for car parking providing 8 parking bays but additional spaces if double parking is considered.
The property is prominently positioned at the corner of High Street and Cross Street in the village centre of Standish. Occupying a corner plot the buildings are set back from the pavement and benefit from excellent visibility to passing footfall and traffic. Standish is a thriving village to the north of Wigan and sitting close to J27 of the M6 motorway. The village is considered relatively affluent and as a result has attracted niche retailers, leisure, food and beverage operators to the centre. Standish is a growing community with extensive house building taking place within the vicinity of the village centre and opposite the subject is a new McCarthy & Stone retirement development scheduled to be completed during 2023.