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High Yielding Freehold Office Opportunity, Jubilee House, Waterside Drive, Wigan, WN3 5AZ
9,944 Sq Ft / Offices
Withdrawn - Last updated: 17 December 2021
- Jubilee House is prominently situated on Waterside Drive, within the established Wigan Pier Business Park
- Freehold office building of 9,944 sq ft, with 51 car parking spaces providing a ratio of 1:195 sq ft
- Site area of 0.73 acres providing a low site covering of 21%
- The property is let to Allenbuild Ltd (2A1) with a guarantor from Renew Holdings Plc
- Unexpired term of 7 years
- Passing rent of £147,454 per annum
- Offers are sought in excess of £930,000 (Nine Hundred and Thirty Thousand Pounds), subject to contract and exclusive of VAT
- This would reflect a very attractive net initial yield of 15.00% This assumes usual acquisition costs of 5.80%
- A sale at this level would represent a low capital value of £93.52 per sq ft
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