This property presents a compelling investment opportunity situated in the vibrant leisure and bar sector of Wigan Town Centre, particularly along the bustling Arcade Street. The building is a robust two-storey mid-terraced structure featuring traditional brick elevations topped with a pitched slate roof. Currently, the ground floor includes a former barbers shop available for rent, while additional space on the ground and first floors is leased to an independent bar operator, offering a steady annual income.
There is notable potential for future development on this site, including the possibility of constructing an additional floor with separate access from Arcade Street, allowing for conversion of upper levels into residential units (subject to obtaining the necessary planning permissions). The property's strategic location within a rapidly evolving area—bolstered by significant investments such as the £135 million town centre redevelopment, which will introduce over 460 residential units and various entertainment venues—positions it well for long-term value appreciation. Furthermore, nearby plans for additional apartments and commercial units enhance the attractiveness of this investment.
Wigan boasts excellent transport links being approximately 17 miles from Manchester and easily accessible via major motorways. The property also qualifies for 100% small business rate relief, making it financially advantageous for prospective buyers. This represents not just an investment but also a chance to capitalize on ongoing regional growth in a flourishing area.
