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Units 8 / 9, Vyking Enterprise Hub, Standish Street, Chorley, PR7 3AL

Full Details

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      Location

      The site is situated in Chorley town centre just off the A6 and behind the well established Chorley retail park which is home to retailers such as KFC, Subway and Wickes amongst many others.

      The newly constructed development is less than 2 miles from junction 8 of the M61 motorway, and 500 yards from Chorley train and bus station.

      Description

      Vyking Enterprise Hub is a parade of newly constructed industrial/business units which would be suitable for various uses.

      The full development comprises of two separate runs of units with a central yard / parking area which is shared for all occupiers. The properties are of steel portal frame construction with brickwork walls and insulated profile steel cladding to both walls and roof including double skin translucent roof panels above.

      Internally the unit will comprise solid concrete floor and toilet facilities on the ground floor with a concrete mezzanine towards the rear.

      Accommodation

      The premises have been measured on a gross internal area as follows:

      Unit 8 
      Ground Floor 838 sq.ft
      Mezzanine 590 sq.ft
      Total1,428 sq.ft 
      Unit 9 
      Ground Floor838 sq.ft
      Mezzanine590 sq.ft
      Total1,428 sq.ft

      * It is possible for one occupier to take both units. Further details are available on request.

      Rental

      £15,500 per annum, plus VAT per unit

      Lease Terms

      The property is available to lease by way of a new FRI lease for a minimum period of 5 years.

      Service Charge

      A service charge is levied on occupiers of the development to cover landscaping, external lighting etc. Further details are available on request.

      Building Insurance

      Landlord to insure the building and charge the premium to the tenant. Further details are available on request.

      Deposit

      A deposit equating to 3 months rent will be required.

      Rating

      The rateable value for each unit is £12,500 therefore eligible occupiers may be able to claim some business rates relief.

      Legal Costs

      Each party to be responsible for their own legal costs.

      Services

      The property benefits from single phase electricity with mains gas and water.

      Investment Return

      Based on a purchase price of £1.5million, the price equates to a yield of 7.88% when allowing for acquisition costs.

      Development Potential

      Should the existing occupier vacate the property. It is suitable for redevelopment with the refurbishment of the roof

      Viewing

      Strictly via agents Taylor Weaver
      Neil Weaver
      Director
      Tel: 01254 699 030