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FreeOf Tie Public House, 3 x AirBnB Apartments, Function Room and Venue + Car Park Business For Sale

Wigan, Manchester
Freehold Price:
£550,000
Status
FOR SALE
Advert ID
253459
Reference
Rutter Green Commercial 1366 / Rightbiz

Free of Tie Pubic House, 3 x AirBnB Apartments, Function Room and Venue with Car Park.

Freehold For Sale £550,000

Desirable Commercial Investment Property

Public Bar, Potential Restaurant, 3 Apartments – ideal for Air BnB.

  • Confidential Sale.
  • Substantial 4 storey detached Public House.
  • Function Room.
  • Well supported within local community. 
  • 3 Self-Contained Apartments.
  • Currently earning from Air BnB.
  • Exceptionally high standard of fixtures, fittings and equipment throughout.
  • Property undergone substantial refurbishment investment.
  • Turnover of £265,000 (wet sales only)
  • 50% Gross profit.
  • Commercial kitchen offering scope to introduce food.
  • Currently run under management.
  • Wide frontage with large car park.
  • Prime location within walking distance of Town Centre.

3 Apartments with potential AirBnB income of £500 per week - £72,000 per year.

Apartments particularly popular with Hospital Staff.

Pub business could be sold / leased off separately generating a further rental income of £18,000 per year.

Rutter Green Commercial is delighted to offer for sale this much sought after investment opportunity and substantial freehold commercial property in Wigan, Greater Manchester. The property has a wide frontage with large car park in addition to ample free, on-street car parking.  The premises are in a desirable trading and residential location within walking distance to the Town Centre, College, Hospital, Bus Station and Railway Stations. It is within a popular residential area close to a number of other independent businesses and leisure attractions, creating a high footfall and much passing trade. Wigan is on the main West Coast Railway Line allowing onward travel to London in approximately 2 hours and Manchester within 30 minutes. The area is easily accessible from the regional motorway network and within comfortable commuting distance of all major North West conurbations.

The building comprises of a substantial four storey premises with a wide frontage and spacious car park to the side. The ground floor and function room operates as a public bar business (under management) on a free of tie basis with wet sales only. The bar business currently generates an annual turnover of £265,000 achieving a 50% Gross Profit. There remains scope for the business to be sold separately on a Leasehold basis if desired which would generate an additional income of £18,000 per year. The business is well-supported and popular within the community and offers the space and scope to introduce food sales.

The upper 3 storeys have been transformed into 3 self-contained apartments, accessed by a separate font entrance. These have been completely modernised and are ideal for operating as an Air Bnb style business, particularly for Hospital staff. The studio apartment alone generates rates £100 per night – offering scope for substantial returns. A conservative estimate at £500 income per week form each apartment would generate an annual income of £72,000 in addition to bar rental or turnover income.

Ground Floor;

3 entrances

Lounge Bar, Vault Bar, Function Room,

Commercial Kitchen, Ladies WC, Gents WC,

Additional Gents WC, Office, Store.

Basement Cellar with rear drop.

Separate External Entrance to Flats.

First Floor;

Flat 1 - 2 Double Bedrooms, Lounge, Kitchen, Bathroom, Utility Room.

Second Floor;

Flat 2 - 2 Double Bedrooms, Lounge, Kitchen, Bathroom.

Third Floor;

Flat 3 - Open plan Studio Apartment, Double bedroom / Lounge, Kitchen, Bathroom.

All flats completed modernised and have own independent utility services.

This is a unique opportunity to purchase such a substantial freehold property and business offering a much sought after investment opportunity. Early discussions with Rutter Green Commercial, in confidence, must come highly recommended.

Rutter Green Commercial Ref. 1366

Telephone 01942 597370.

enquiries@ruttergreencommercial.co.uk

www.ruttergreencommercial.co.uk

Investment Opportunity Greater Manchester For Sale.

Listing Details
Freehold Price: £550,000
Tenure: Freehold
Location: Wigan, Manchester
Sector: Investment Properties, Bed And Breakfast, Pubs
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Key Features
  • Fully Fitted
  • Prime Location
Contact Agent
Telephone: Upgrade to view
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Advert Reference: Rutter Green Commercial 1366 / Rightbiz
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