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Investment Opportunity, Rough Hey Road, North Preston, PR2 5AR

Full Details

Price: £2 million plus VAT

Rental: £150,000 pa increasing to £180,000 pa in November 2019

Location

The premises are located at the junction of Rough Hey Road and Longridge Road in an established industrial location approximately 3 miles north of Preston town centre. Motorway access is via Junction 31a which lies within one mile of the subject premises. See location plan.

Description

The premises comprise a mainly single storey, part two storey, industrial and office building which can best be described as follows : Offices Concrete and brick 2 storey structure with UPVC windows and flat roof over. Internally the accommodation has been partitioned to provide ground floor reception, canteen and toilet facilities. First floor partitioned to create office accommodation including general office, individual office and meeting rooms. Buildings 2 and 3 - Warehouses With full height brick and reinforced concrete walls and single skin metal clad roof, including translucent roof panels supported on steel truss structure. The buildings are interlinked with dock level loading between. Building 4 Modern open sided industrial building built on a steel frame with reinforced concrete walls. Building 5 Corner single storey brick built workshop with flat roof over Building 6 Ancillary buildings to include oil tank store and , former canteen. Surrounding the buildings is a large concrete surfaced yard area with security fence surround as well as a tarmac surfaced staff parking.

Accommodation

Building 1 ( offices / ammenities)

Ground floor                      2,832 sq ft

First Floor                          3,892 sq ft

Building 2 ( warehouse)    24,414 sq ft

Building 3 ( loading bay)   13.654 sq ft

Building 4 (open sided bldg) 3,320 sq ft

Building 5 & 6 (ancilliary)     1,812 sq ft

Total                                 49,924 sq ft

We have calculated the site area to be 3.1 acres

Services

All mains services are connected to the property. The property benefits from a large 800 KW / 2000 amp incoming electricity supply with its own sub-station on site. The office accommodation includes gas central heating and air conditioning to the upper floor only.

Rating

From the Valuation Office Agency rating list, as published on the internet, we are advised that the property is assessed, with effect from April 2010, at rateable value £146,000. Rates payable 2017/2018 £70,000.

Lease Terms

The premises are let to KT Recycling ( guaranteed by Wheale Environmental Contracting ltd) on a non protected tenancy that expires in November 2020. The tenant occupies on full repairing and insuring terms and is responsible for the usual occupier's costs, to include business and water rates, electricity and gas.

Waste Transfer Licence

The site currently operates under permit number EAWML/55461 - further details available on request.

Tenure

Freehold

Price

£2 million plus VAT

Rental

£150,000 pa increasing to £180,000 pa in November 2019

Legal Costs

Each party is responsible for their own legal costs involved in the transaction.

Viewing

Strictly through sole agents Taylor Weaver (Alex Taylor) 01254 699030