Sold
Bryan House, 61-69 Standishgate, Wigan, Lancashire
North West
dba011
Mixed Use£5,980,000
Tenure: Freehold
Tenancy: Multi Let
Investment summary
•Net initial yield of 7.0%.
•Reversionary yield of 7.8%.
•Total net internal area of 6,476 sq m (69,705 sq ft).
•95 car parking spaces.
•Prominent position in Wigan's town centre.
•49% of income secured to the Government.
•15% of income secured to Rank Group Gaming Division Ltd for a further 69 years.
•Excellent opportunity for retail rental growth based on established rents at The Galleries Shopping Centre and pre-lettings at nearby Grand Arcade Scheme.
•Further development potential at rear of building.