Wigan Lower Road, Standish Lower Ground, WN6 8LJ

Investment opportunity to purchase a block of 4 luxury flats providing a £25,800 annual return.


receptions 4   bathrooms 4    5 bedrooms 8

  • Recently renovated block of apartments
  • Four luxury two bed apartments
  • Freehold
  • Very high specification
  • Nice outlook over lake & marina
  • Excellent investment opportunity
  • Attractive 7.37% yield
  • 3570 SQ.FT. in total

Looking to invest in property in the north but are worried you don't have time to find tenants? Want a high-quality property that has been renovated and comes with guarantees? Looking for a healthy return of at least 7.37%?... then The Old Royal Oak may be just what you are looking for.

We are delighted to offer for sale an incredibly rare opportunity for an investor to purchase this recently renovated development block (including the FREEHOLD) of 4 x 2-bedroom apartments located close to Wigan town centre and the M6 motorway (both are less than 3 miles away) and next to a converted marina and lovely canal side setting.

Each apartment is spacious and includes two double bedrooms and a high specification finish with good quality fixtures and fitting throughout. They were completed 4 years ago and have let for a combined income of £25,800 per annum with high demand from tenants. They meet all new electrical and fire regulations and each feature contemporary fitted kitchens with built in cooker, hob & extractor over and tiled full-sized bathrooms in each apartment. Warmed by gas central heating they all have their own boilers which have been regularly serviced and 3 have existing guarantees & security alarm systems and intercoms. The building also has High Definition CCTV around the exterior which can be linked this to the internet and viewed remotely to give any investor additional piece of mind.

Outside there is enclosed private car park to rear providing ample parking for residents and guests together with garden areas for the ground floor apartments and a private balcony for both 1st floor apartments. The development has views that extend over a pleasant private lake to the side towards Crooke Marina and is only 2 minutes’ walk from a lovely stretch of the Leeds-Liverpool canal.

Marketed essentially at £87,500 per apartment this development has been priced realistically to sell as each apartment would likely sell on the open market for in excess of £100,000 individually but what is going to really appeal to investors is that the current developer has already let each apartment out generating an annual yield of well over 7%.

The building is completely finished with the last remaining jobs to be finished on the outside (including the driveway and rendering the rear retaining walls) to be completed prior to any sale.

There are no restrictions on the sale and our client is happy to disclose copy rental contracts for the last 3/4 years and full building and boiler warranties are available upon request with a builder’s inspection certificate for the windows etc.


FLOORPLAN

Floorplans For The Old Royal Oak, Wigan Lower Road, Standish Lower Ground, WN6 8LJ

MAP & STREETVIEW

Council Band A Band B Band C Band D Band E Band F Band G Band H  
Wigan Council £912.44 £1,064.51 £1,216.58 £1,378.40 £1,672.80 £1,976.95 £2,281.10 £2,737.32 Website
West Lancashire £1,001.18 £1,168.05 £1,334.92 £1,501.77 £1,835.49 £2,169.23 £2,502.95 £3,003.54 Website
South Ribble Borough Council £1,014.34 £1,183.41 £1,352.47 £1,521.52 £1,859.63 £2,197.76 £2,535.86 £3,043.04 Website
Chorley Borough Council £1,003.58 £1,170.85 £1,338.11 £1,505.37 £1,839.89 £2,174.43 £2,508.95 £3,010.74 Website

All council Tax Bandings are indicatory. Please check the precise banding for a property of interest.

CONTACT THE AGENT - BOOK A VIEWING

When you sell with Regan & Hallworth you are allocated your own estate agent who’s job it is to keep in regular contact and provide feedback after everyviewing.

Anthony Gee

Anthony Gee

Sales Advisor & Photographer
Wigan Branch

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