3 - 7 Arcade Street, Wigan, Wigan, WN1 1DE

For sale by Online Auction. 24th of June 2026.

MULTI LET INCOME GENERATING COMMERCIAL PROPERTY TO BE SOLD AT AUCTION Description FREEHOLD MULTI-LET COMMERCIAL INVESTMENT WIGAN TOWN CENTRE Two income-producing units on full repairing and insuring leases generating £25,800 per annum combined, with significant development upside in one of the North West's most active regeneration zones.

The Property A two-storey mid-terraced freehold building with two self-contained commercial units, both let on FRI terms. Unit 3 New five-year FRI lease from May 2026 at £6,600 per annum.

Tenant-only break at year three. Units 5-7 Five-year FRI lease from November 2023 at £19,200 per annum. No break clause.

Combined Passing Rent: £25,800 per annum Development Potential With a separate entrance already in place the upper floors offer realistic scope for conversion to a self-contained three bedroom flat.

Current Wigan town centre comparables support rental values of approximately £1,100 per calendar month.

The space could equally operate as a short-term let or Airbnb, given the town centre location and significant leisure investment arriving nearby.

Estimated GDV on conversion in the region of £350,000 to £400,000 against a current acquisition cost significantly below that level.

Business Rates Both units currently qualify for 100% Small Business Rate Relief nil payable for qualifying occupiers. Unit 3: Rateable Value £3,250. Units 5-7: Rateable Value £7,700.

Location Wigan town centre is undergoing one of the most ambitious regeneration programmes in the North West.

Key developments include the £135 million Galleries redevelopment delivering retail, hospitality, a cinema, over 400 homes, and a Hilton hotel, currently under construction.

STACK Wigan, a 48,000 sq ft leisure venue anticipated to open in 2026. Planning permission granted for 26 new apartments and four commercial units immediately opposite the property.

Both Wigan stations are within easy walking distance. Investment Summary Tenure: Freehold. Combined rent: £25,800 per annum. Both leases FRI. Business rates relief currently applicable.

Development potential with estimated GDV £350,000 to £400,000. Wigan town centre regeneration zone. Mains services understood to be connected. Buyers to make their own enquiries.

Legal Pack A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction.

To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.

Auction Information To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 6%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged.

The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot.

The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered The seller of this property may consider a pre-auction offer prior to the auction date.

All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit.

To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online.

To find out more information or to make a pre-auction offer please contact us.

Special Conditions Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion.

The legal pack is available to download free of charge under the LEGAL DOCUMENTS'.

Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.