- Suite 6 Mead Court, Davyfield Road, Blackburn
- 500 Sq ft
- Offers in the region of £49,950 are sought
- 43 King Street, Blackburn
- 1,878 Sq ft
- £15,000 per annum plus VAT. The rent to be paid quarterly in advance and is exclusive of the costs of occupation, which include business and water rates, electricity and gas.
- Childrens Nursery Investment Opportunity
- Well maintained quality detached property
- Built up residential area
Location
The property is situated at the bottom of Primrose Street, in a mixed industrial / residential area to the south east of Darwen town centre.
Primrose Street connects to Ratcliffe Street, which in turn links with Sudell Road, providing access to the A666 Bolton Road, the main road linking Darwen with the M65 motorway, approximately 2 miles to the north.
The property is bounded by Primrose Mill to the north, residential property to the south and east and the main line railway from Blackburn to Manchester to the west.
Description
The property comprises a detached, predominantly single storey former light industrial workshop, which has been converted to provide a childrens nursery.
The property is constructed of brick built walls under a pitched tiled roof, incorporating 5 dormer windows.
The accommodation on the ground floor provides a series of rooms currently used for education / care of pre school children.
In addition, there are ancillary WC facilities, kitchen, reception and offices.
At first floor level there are staff room and office facilities.
Externally, to the front is a brick paved parking area and to the rear an enclosed play area
Accommodation
We have calculated the net internal area of the premises to be 2,626 sq.ft
Price
Offers in excess of £300,000 are sought for the freehold interest
Tenure
Understood to be freehold
Lease Terms
The property is currently let to Primrose Street Trading Ltd. for a period of 10 years from 1st January 2017 at a rent of £18,750 pa. The lease is held on FRI terms and incorporates an upward only rent review on the fifth anniversary. A copy of the lease is available once a party has inspected the property and confirmed a genuine interest.
Rating
The property has a rateable value of £17,000, with rates payable anticipated to be in the region of £8,500. Further details on request.
EPC
An EPC is available on request
VAT
To be confirmed
Services
It is understood that all mains services are available to the property
Investment Yield
Based on a purchase price of £300,000, the current rent equates to a yield of 6.05%. However, there are opportunities to increase this return on the rent review in January 2022.
Viewing
This is an operating childrens nursery and therefore no inspections should take place without prior consent of the marketing agent.
Taylor Weaver
(Neil Weaver)
01254 699030
[email protected]