Presenting a compelling investment opportunity in the North West, this substantial three-story detached property, formerly known as The White Horse public house and now a private members' club, offers considerable potential for both immediate income and future development. Generating a solid annual income of £30,000 through a secure six-year Full Repairing and Insuring (FRI) lease, this asset boasts an impressive yield that starts at 10.1% in the first year, increasing to 13% by year six. The property spans approximately 4,897 sq ft and includes a lower ground level with adequate head height, as well as ground and first floors. The exterior features an enclosed rear yard along with accessible off-road parking options from Bolton Road A666 and Stonclough Road A667, maximizing its utility.
With its strategic corner location at high-traffic intersections and proximity to the M61 motorway, this property is positioned for visibility and accessibility. There is ample scope for refurbishment to enhance the existing layout or repurpose it entirely — subject to planning permission — making it an attractive proposition for savvy investors looking to capitalize on both rental yields and development prospects.
