162, 162A & 162B GIDLOW LANE, WIGAN, GREATER MANCHESTER, WN6 7EA

2,369 Sq Ft
£215,000 Offers in the Region of
  • Type: Investment Property, Retail Property (Out of Town)
  • Availability: For Sale
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Property Features

  • Mixed-use retail/residential investment property currently producing £19,140 per annum
  • From 1st February 2024 rent increases to £20,100
  • Two ground floor retail units and two separately accessed first floor one bedroom flats
  • One retail unit currently let on a long leasehold for 125 years
  • Close to junction of Gidlow Lane and B5375 Park Road
  • Offers in the region of £215,000

Property Summary

The property comprises a pair of adjoining, mid-terraced, mixed use buildings. The ground floor provides two separate retail units with access within the retail frontage to Gidlow Lane. To the first floor are two residential units accessed by way of a single integral stair at the rear of the property.

162A is currently the only vacant part of the premises, however this is held by way of a long leasehold (125 years) and generates £1,200 per annum.

There is a rear yard accessed from a communal alley, where the access to the first floor accommodation is situated.