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504 Wigan Rd 1,377 SF Retail Building Manchester M46 0GA $473,912 CAD ($344.16 CAD/SF) 4.71% Cap Rate
Investment Highlights
- Situated in a highly visible position on Wigan Road A577.
- Ideally positioned in a densely populated residential area with lots of passing trade.
- On a continuation of A579 Bolton Road with easy access to the M61 motorway junction 5.
Executive Summary
We understand that the property is freehold. The ground floor commercial unit has an approximate internal area of 742sqft /69sqm and is currently let as a Barber Shop until April 2028 with the current rent £12,000 per annum increasing on a yearly basis by £1,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,377 SF
Building Class
B
Year Built
1918
Price
$473,912 CAD
Price Per SF
$344.16 CAD
Cap Rate
4.71%
NOI
$22,302 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.54
Lot Size
0.06 AC
Frontage
23’ on Wigan Road
Amenities
- 24 Hour Access
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Nearby Major Retailers
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504 Wigan Rd
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