Wolseley, Unit 14 Victoria Trading Estate, Miry Lane, Wigan, WN3 4BW

Property description

An opportunity to purchase an excellent, refurbished, industrial trade counter unit. Outstanding strategic location at the heart of Wigan town centre, just 2.5 miles from the M6 / M58 interchange.

The unit is prominently situated within Victoria Trading Estate, the town’s premier trade counter district. The asset has been substantially refurbished by the Landlord in 2025, including a new metal roof.

Let to Wolseley UK Limited on a new 10-year lease, with a tenant break option in year 5. The tenant has been in occupation on the estate for over 30 years and they have spent substantially in the units fit-out. Wolseley have a D&B rating of 5A2 and have a Tangible Net Worth of £436M.

The current passing rent of £34,610 pa reflects a rate of £10.00 psf, with an open market rent review in September 2030. An ERV of £38,071 pa reflects £11.00 psf, with units of a similar size & specification achieving up to £12.00 psf.

The purchase price of £510,000 reflects a NIY of 6.50%. RY of 7.13%, and a capital value of £147 psf.

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Property of interest: Wolseley, Unit 14 Victoria Trading Estate, Miry Lane, Wigan, WN3 4BW

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