Flat for sale in Wallgate, Miry Lane, Wigan WN3

Wallgate, Miry Lane, Wigan Wn3 4Ag

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 fabulous ground 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; additional box room which is great for a home office or storage; utility cupboard; bathroom with three-piece suite 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.

Please note, lettings fees may apply.

Financial Breakdown

Gross Rent: £7,245.00
Net income: £5,120.00
Gross yield: 7.63%
Net yield: 5.39%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-07761