Home of Maloney’s on the market for £1m

A LARGE four storey property in the heart of Wigan’s leisure district has been put on the market for nearly £1m.

The ground floor of the building at 29-33 King Street is home to the popular bar Maloney’s with an established law practice currently leasing the three floors of offices above.

At an asking price of £995,000, the property currently yields a rental income of £98,772 a year, rising to £103,772.

The building offers 8,500sq ft of floor space across the four floors and has a basement area used for storage.

The property has been brought to market by executors Smith and Sons. Partner Andrew Smith said: “This is a great building that sits within Wigan’s main leisure circuit.

“With established long term tenants, a good rental income and more than 11 years remaining on the ground floor lease, it offers buyers an ideal investment opportunity.  We expect to see interest from those looking to potentially expand their property portfolio.”