Block of flats for sale

Acton Street, Wigan WN1

An exceptional opportunity to acquire a substantial residential portfolio comprising 19 self-contained flats, offered as a single lot. This asset presents a compelling blend of immediate income generation and significant asset management potential, ideal for investors seeking both yield and capital growth.

The portfolio currently produces income from 11 tenanted units, delivering a stable baseline revenue stream. The remaining 8 units are in the final stages of a comprehensive renovation programme, offering a clear pathway to enhanced rental performance and full stabilisation.

Importantly, the current income reflects approximately 50% occupancy, presenting a rare opportunity to acquire at a stage where the majority of value creation remains ahead. Upon completion of refurbishment works and full letting, the portfolio is expected to achieve a materially higher gross rental yield.

The renovated units have been upgraded to a strong lettable standard, aligning with modern tenant expectations and supporting premium rental values. Once fully operational, the portfolio will offer a well-balanced mix of income security and growth.

Key Highlights:

19 residential flats sold as a single portfolio
11 income-producing units currently let
8 units nearing completion of refurbishment
Income currently reflective of partial occupancy
Significant reversionary potential upon full letting
Asset management and yield optimisation opportunity

This is a turnaround-to-stabilised investment play, suited to investors looking to capitalise on leasing-up opportunities and rental uplift in the short to medium term.

Further financial information, tenancy schedules, and refurbishment details are available upon request.