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35-45 King St

Shop for sale

£495,000 22,912 sq ft

Blue Alpine Partners Limited
Contacts

Prash Jaitley - Blue Alpine Partners Limited

Joseph Bachman - Blue Alpine Partners Limited

Full address
35-45 King St, Wigan WN1 1DY – Wigan
Highlights
  • Lease with a personal guarantee expiring in 2030 (no breaks)
  • Occupiers close by include Revolution, Maloney’s Bar (adjacent), The Hub Bar and The Blind Tiger Bar (opposite), Ibiza Bar Nightclub and Bentleys Bar
  • Established town centre leisure location
Property type

Shop for sale

Asking price
£495,000
Available space range
There is 1 space available. This measures 22,912 sq ft.
Features
Restaurant, Storage space
Brochure
Download the brochure

Sale details

Sale unit 3854823 Available

22,912 sq ft, £21.60 per sq ft

Unit Sale unit 3854823
Address 35-45 King St, Wigan, Lancashire, WN1 1DY, GB
Size 22,912 sq ft
Price £495,000
Price per unit £21.60 per sq ft
Unit Sale unit 3854823
Address 35-45 King St, Wigan, Lancashire, WN1 1DY, GB
Size 22,912 sq ft
Price £495,000
Price per unit £21.60 per sq ft
Sale type Investment
Tenure Freehold
Net income yield 11.11%
Financial type Actual
Financial year 2018
Net operating income £55,000

Sale notes

  • Freehold leisure investment vat is applicable to this property comprising two public houses let on a single lease with a personal guarantee expiring in 2030 (no breaks) established town centre leisure location within close proximity to wigan wallgate and wigan north western rail stations the property is arranged on ground and two upper floors to provide two units.
  • Mortimer’s restaurant/bar and club is arranged over ground floor only.
  • Jaks bar is arranged over part ground, first and second floors.
  • Occupiers close by include revolution, maloney’s bar (adjacent), the hub bar and the blind tiger bar (opposite), ibiza bar nightclub and bentleys bar, amongst many others.
  • Location description: wigan is a major retail centre situated some 17 miles north-west of manchester and 15 miles south of preston.
  • The town benefits from its proximity to the m6 motorway (junction 26) which is 4 miles to the west and to the m61 motorway (junction 6) 6 miles to the north-east.
  • The property is well located on the west side of king street in an established leisure area within wigan town centre.
  • Wigan wallgate and wigan north western rail stations are both within 0.1 miles.
  • The grand arcade shopping centre is also nearby, and there is a large public car park to the rear.

Property description

The property is arranged on ground and two upper floors to provide two units. Mortimer’s Restaurant/Bar and Club is arranged over ground floor only. Jaks Bar is arranged over part ground, first and second floors.

Building subtype
Bar
Number of storeys
3
Rentable building area
22,912 sq ft
Year built
1900

Attachments

PDF #1 Marketing brochure/flyer Download

Major tenants

Black Cats Bar Lease ends Apr 2030 22,912 sq ft

This shop for sale is located in Wigan.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Blue Alpine Partners Limited. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blue Alpine Partners Limited for full details and further information.