Wallgate Apartments, Victoria Mill, Wigan
Size: 42.5 sqm
Purchase price
£89,950
Size: 42.5 sqm
Tenanted
Gross rent | £6,720 |
Ground rent | £150 |
Service charge | £1,393 |
Net income | £5,177 |
Gross yield | 7.47% |
Net yield | 5.76% |
yieldit are pleased to present the opportunity to invest in one of Greater Manchester’s most popular boroughs, with this premium apartment situated in a former mill which was tastefully transformed into Wallgate Apartments in 2020. This first-floor apartment benefits from high qualify fixtures and fittings, an open plan living area with large, double-glazed window, stylish fully fitted kitchen, spacious double bedroom, utility cupboard, bathroom and allocated parking space.
The development has proved very popular on the rental market with this particular apartment being fully let since completion, which is no surprise with both Wigan Wallgate Station and Wigan North Western Station just 0.3 miles away. The borough sits in an ideal position between the cities of Manchester and Liverpool, making it the ideal base for working professionals seeking high quality and good value rental accommodation. Wigan is a thriving economic hub, where more than 12,000 businesses are based providing plenty of employment opportunities which drive the demand for rental properties such as this one.
Wigan will continue to reap the benefits of the exponential economic growth of Manchester, which in 2021 the city ranked as growing at the second highest rate of all of the 30 major European cities. Significant investment is also underway to revitalise Wigan Town Centre too, which already attracts over 300,000 visitors per week and supports over 10,000 jobs. The projects of regeneration planned include a hotel, market hall, co-working space, offices and a landscaped public square which will broaden its appeal as a place to live and create more employment opportunities which will drive up rental demand. This is an opportunity not to be missed so don’t miss out and enquire today.
INVESTMENT OPPORTUNITY IN A PREMIUM MILL CONVERSION IN A FANTASTIC LOCATION! One double bedroom apartment with allocated parking space yielding near 6% NET.
Interested in this property? Enquire today for more information
Key features
Investment opportunity
Fantastic rental yield with scope to be 7% NET
Long lease
Completed in 2020
Premium one bedroom apartment
High quality fixtures and fittings
Stylish kitchen and bathroom
Allocated parking space
Walking distance to two train stations
Excellent commuter base
INVESTMENT OPPORTUNITY IN A PREMIUM MILL CONVERSION IN A FANTASTIC LOCATION! One double bedroom apartment with allocated parking space yielding near 6% NET. More info... Less info...
yieldit are pleased to present the opportunity to invest in one of Greater Manchester’s most popular boroughs, with this premium apartment situated in a former mill which was tastefully transformed into Wallgate Apartments in 2020. This first-floor apartment benefits from high qualify fixtures and fittings, an open plan living area with large, double-glazed window, stylish fully fitted kitchen, spacious double bedroom, utility cupboard, bathroom and allocated parking space.
The development has proved very popular on the rental market with this particular apartment being fully let since completion, which is no surprise with both Wigan Wallgate Station and Wigan North Western Station just 0.3 miles away. The borough sits in an ideal position between the cities of Manchester and Liverpool, making it the ideal base for working professionals seeking high quality and good value rental accommodation. Wigan is a thriving economic hub, where more than 12,000 businesses are based providing plenty of employment opportunities which drive the demand for rental properties such as this one.
Wigan will continue to reap the benefits of the exponential economic growth of Manchester, which in 2021 the city ranked as growing at the second highest rate of all of the 30 major European cities. Significant investment is also underway to revitalise Wigan Town Centre too, which already attracts over 300,000 visitors per week and supports over 10,000 jobs. The projects of regeneration planned include a hotel, market hall, co-working space, offices and a landscaped public square which will broaden its appeal as a place to live and create more employment opportunities which will drive up rental demand. This is an opportunity not to be missed so don’t miss out and enquire today.
*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.
Gross rent | £6,720 |
Ground rent | £150 |
Service charge | £1,393 |
Net income | £5,177 |
Gross yield | 7.47% |
Net yield | 5.76% |
*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.
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© 2022 yieldit | Privacy Policy | Terms & Conditions | Complaints Procedure
yieldit is a company registered in England and Wales. Registered number: 5236745.