Available
Wigan – Two Public Houses
35-45 (only odd) King Street, Wigan, Greater Manchester WN1 1DYFreehold Leisure Investment
Price
£495,000
Rent P.A.
£55,000
Yield
11.11%
Tenure
Freehold
Lease Term
15 Years
Years Left on Lease
9y 1m
Area
22,912 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Established town centre leisure location
- Comprising two public houses let on a single lease with a personal guarantee expiring in 2030 (no breaks)
- The property is arranged on ground and two upper floors to provide two units. Einstein’s Restaurant/Bar and Club is arranged over ground floor only. Jaks Bar is arranged over part ground, first and second floors
- Within close proximity to Wigan Wallgate and Wigan North Western Rail Stations
- Occupiers close by include Revolution, Maloney’s Bar (adjacent), The Hub Bar and The Blind Tiger Bar (opposite), Ibiza Bar Nightclub and Bentleys Bar, amongst many others
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property is arranged on ground and two upper floors to provide two units. Einstein’s Restaurant/Bar and Club is arranged over ground floor only. Jaks Bar is arranged over part ground, first and second floors.
The property provides the following accommodation and dimensions:
Ground Floor (Einstein’s Restaurant/Bar): 984.95 sq m (10,602 sq ft)
Part Ground, First & Second Floor (Jaks Bar): 1,143.63 sq m (12,310 sq ft)
The property provides the following accommodation and dimensions:
Ground Floor (Einstein’s Restaurant/Bar): 984.95 sq m (10,602 sq ft)
Part Ground, First & Second Floor (Jaks Bar): 1,143.63 sq m (12,310 sq ft)
Tenancy Description
The entire property is at present let to Black Cat Bars (Wigan) Ltd (with personal guarantee) for a term of 15 years from 28th April 2015 at a current rent of £55,000 per annum. The lease provides for rent reviews every fifth year of the term and contains full repairing and insuring covenants.
Tenancies & Accommodation

Location Description
Wigan is a major retail centre situated some 17 miles north-west of Manchester and 15 miles south of Preston. The town benefits from its proximity to the M6 Motorway (Junction 26) which is 4 miles to the west and to the M61 Motorway (Junction 6) 6 miles to the north-east. The property is well located on the west side of King Street in an established leisure area within Wigan town centre. Wigan Wallgate and Wigan North Western Rail Stations are both within 0.1 miles. The Grand Arcade Shopping Centre is also nearby, and there is a large public car park to the rear. Occupiers close by include Maloney’s Bar (adjacent), The Hub Bar and The Blind Tiger Bar (opposite), Ibiza Bar Nightclub and Bentleys Bar, amongst many others.