Market Street, Wigan, Greater Manchester, WN1
Edward Mellor Estate Agents LtdEdward Mellor Auctions is a trusted property auction house with decades of experience in the North West. Specializing in residential and commercial property sales, they provide a fast, transparent, and efficient auction process for buyers and sellers.
Read more Read moreTO BE SOLD BY ONLINE AUCTION ON 17TH MAY 2023. 36 Market Street, Wigan Vacant four storey (plus basement) town centre retail premises with permission for full residential conversion to 4 No apartments. The handsome lot on offer is located in Wigan Town Centre in the heart of the pedestrianised shopping area which includes the Galleries 25 which is undergoing £135m worth of regeneration and the relatively new Grand Arcade. It also is located close to the main Bus Station. The property has accommodation over four floors plus basement with a GIA of approximatley 232 sq m (2,500 sq ft). Whilst the building is noted as being a building of local interest it has planning granted full conversion into four self contained apartments with amenity space and we are advised that the building work has been signed off as having commenced. Rental values for flats in the town centre are circa £8,000 per annum which could see an annual rent of £32,000 per year, with potential, due to location, of an Air BnB style let as their website shows similar new properties in the centre asking £60 per evening which could potentially see the building generate far in excess of a conservative figure of £60,000 per year. Any interested parties are advised to consult with the local plannig department at Wigan Council directly. Planning Reference A/19/87656/CU. EPC rated: F (140) Notice Before buying at Auction, it is essential that you read our Notice to Prospective Buyers and the Common Auction Conditions . You must not bid unless you have made yourself fully aware of the auction process. If you require help with this, please contact a member of the auction team. You may download, store and use the material for your own personal use and research. You may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the website owner's express prior written consent. The website owner's copyright must remain on all reproductions of material taken from this website.
