Wigan Lane, Wigan

A UNIQUE INVESTMENT OPPORTUNITY – THREE PROPERTIES IN ONE!
An exciting opportunity to acquire a distinctive mixed-use investment comprising three separate properties across two addresses, offering a combination of commercial and residential accommodation with the potential to generate an attractive combined rental income.
Importantly, both buildings have undergone extensive renovation in recent years and are superbly presented throughout. With the improvements already completed, this is an appealing turnkey investment opportunity, with all three properties in immediate rental condition and ready for a new owner to begin generating income without the need for further work.
Positioned in a thriving commercial and residential area within walking distance of the town centre, 31 Wigan Lane comprises a commercial ground-floor premises with prominent frontage onto a busy thoroughfare, complemented by a converted basement providing useful additional storage. Currently operating as a beauty and cosmetic salon, the commercial unit is expected to generate rental income of approximately £1,200 per calendar month (£14,400 per annum).
Above, 31a Wigan Lane is a generously proportioned duplex two-bedroom apartment, providing separate residential accommodation with an estimated rental income of £750–£800 per calendar month.
Completing the portfolio is 2b Douglas Road, an attractive, self-contained coach house conversion. This detached one-bedroom home offers a further independent rental opportunity, with an estimated rental income of £700–£750 per calendar month.
Based on the upper end of the estimated rental figures, the three properties could generate a combined rental income of approximately £33,000 per annum, equivalent to around £2,750 per month. At an asking price of £375,000, this would represent an attractive potential gross yield of approximately 8.8%.
Offering three distinct income streams across commercial and residential property, all benefiting from extensive renovation and ready for immediate letting, this is an excellent opportunity for investors seeking a well-presented addition to their portfolio without the usual expense, disruption or uncertainty associated with refurbishment projects.
Rental figures are estimates and are not guaranteed. Prospective purchasers should make their own enquiries regarding achievable rents, current tenancies, planning and permitted use, and all relevant property and investment costs.
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