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Units 5-7, Primrose Bank Mill, Friday Street, Chorley, PR6 0AA

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      Location

      The property is ideally located within walking distance of Chorley town centre and also 2 minutes drive from Junction 8 of the M61 motorway.

      The surrounding area is a mix of commercial and residential properties with nearby occupiers that include Reel Cinema, M&S Food Hall, McDonalds and Royal Mail.

      Chorley Train Station is also just a short walk from the premises, along with Chorley Bus Station Interchange, making the property extremely accessible.

      Description

      The property comprises a modern industrial unit with private yard / parking area extending to 14,040 sq.ft.

      The property majority of the property was built in 2003 as an extension to the original mill. The old mill forms only a small part of the premises which now contains the office accommodation, and this area has been extensively refurbished throughout.

      The warehouse section were created in 2003 with extensions at both the front and rear of the site. The extension is a modern steel portal frame unit with insulated cladding above, which incorporates clear roof panels.

      The warehouse is accessed via two electrically operated roller shutter doors leading in from the access on Brown Street, through the private yard / parking area.

      There is also another access located off Friday Street, where there are a further two electrically operated roller shutter doors (extending to a height of 4.12m). This entrance is shared with neighbouring businesses, with rights of access granted for the occupier of this property. Full details available on request.

      The office accommodation benefits from suspended ceilings, incorporating LED lighting and air conditioning throughout. There is also a board room and two private offices, which are all located on the first floor.

      The property is currently occupied by North West Powder Coatings Services Ltd. who have been in occupation since 2010.

      Accommodation

      The accommodation has been measured on a gross internal area basis.

      Ground Floor Warehouse11,250 sq.ft
      External Canopy Area1,012 sq.ft
      First Floor Offices1,778 sq.ft
      Total14,040 sq.ft

      Price

      £880,000 (no VAT)

      Tenure

      Freehold

      Rating

      Available on request.

      Planning

      The property is has permission for use under B2 / B8 of the Town and Country (Use Classes) Order (as amended September 2020).

      Legal Costs

      Each party to be responsible for their own legal costs

      Services

      It is understood that all mains services are available to the property.

      Investment Details

      The property will be sold with the benefit of a lease to North West Power Coating Services Ltd. (07163483) on the following lease terms. Tenure - FRI lease (subject to schedule of condition). Lease granted within Landlord and Tenant 1954 Act. Rent £65,000 pa (£4.63 psf). No break clause for duration of lease. Upward only rent review on 5th anniversary (OMV). Based on purchase price of £880,000 equates to 7% yield (assuming purchaser's costs of 5.61%).

      Viewing

      Strictly through agents
      Talylor Weaver
      (James Taylor)
      01257 204900
      [email protected]