Secure income stream with approved residential conversion and strong transport links.
Ground-floor retail producing £18,000 pa (let)
Planning approved to convert upper floor into four 1‑bed flats
Estimated additional rent c. £33,000 pa; total potential c. £50,000 pa
Asking price implies around a 10% yield
Corner, high-footfall town-centre location near major retailers
Requires cosmetic refurbishment internally and externally
No external garden or amenity; medium town-centre plot
Wigan Council grant may be available; 10% owner contribution required
This mixed-use freehold on Bradshawgate offers an income-led opportunity in central Leigh. The ground floor is let, producing £18,000 per year, and planning permission exists to convert the upper floor into four one-bedroom apartments, with an estimated additional rental of £33,000 per year. Together the building’s potential income is circa £50,000 pa, representing an approximate 10% yield at the asking price.
The property occupies a corner, high-footfall pitch opposite major retailers and benefits from excellent commuter links — V1 guided busway within walking distance and quick access to the East Lancs Road. The upper floor is a large open-plan former office suitable for conversion; the site has fast broadband, excellent mobile signal and very low local crime.
Condition is functional but requires cosmetic refurbishment internally and externally to maximise income or sale value. The building has a compact retail frontage, standard ceiling heights and no external amenity. Wigan Council may offer a front façade grant with a 10% owner contribution required, which could reduce upfront capital for visible improvements.
Practical considerations: the wider area is socio-economically challenged, and rental demand will depend on effective conversion and management. There are no flooding risks recorded. Prospective purchasers should obtain full floorplans, specifications and costed conversion estimates before exchange.
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