Pier House | Wallgate
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Pier House Wallgate
12,282 SF 99% Leased Office Building Wigan WN3 4AL £1,100,000 (£90/SF) 9.24% Net Initial Yield
Investment Highlights
- Excellent transport links with direct access to motorways, trains, and Manchester Airport
- Instant income with reliable rental yield of 9.24%
- 19 offices currently leased to 11 tenants
- Unique blend of history, character, and modern potential
- Diversified tenant base minimizes risk
- Multiple expansion and redevelopment options (subject to planning)
Executive Summary
Pier House sits prominently roadside and is a 4-storey mill lovingly transformed into a vibrant multi tenanted office space. This unique landmark property facing Wigan Pier blends historic charm with modern functionality, offering tenants character and convenience and offering investors a fully let property with potential for further improvement or redevelopment.
The site is 0.45 acre with the property comprising over 12,000 sq ft across 4 floors with land to the front used as a communal car park and a yard to the rear let out as parking to the ground floor tenant. The building is well-maintained, has lift access to all floors and central heating throughout. Each floor has its own electricity supply and boasts dedicated toilets and kitchens.
The site is 0.45 acre with the property comprising over 12,000 sq ft across 4 floors with land to the front used as a communal car park and a yard to the rear let out as parking to the ground floor tenant. The building is well-maintained, has lift access to all floors and central heating throughout. Each floor has its own electricity supply and boasts dedicated toilets and kitchens.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
12,282 SF
Building Class
B
Year Built/Renovated
1900/2005
Price
£1,100,000
Price Per SF
£90
Net Initial Yield
9.24%
NOI
£101,640
Percent Leased
99%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
3,071 SF
Amenities
- 24 Hour Access
- Raised Floor
- Security System
- Accent Lighting
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
A prominent 4 storey business centre opposite the new Wigan Pier Development with offices to rent on a flexible basis. Rent: £350 pcm
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 135 SF | Office | - | Now |
2nd Floor
| Size |
| 135 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Floor
| Size | 135 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
A prominent 4 storey business centre opposite the new Wigan Pier Development with offices to rent on a flexible basis. Rent: £350 pcm
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Alex Tross -
Carter Jonas LLP
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Pier House | Wallgate
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