Property details for Units @ Bentwood Road, Haslingden, Rossendale, BB4 5HH Industrial, Investment

Size: 37,012 Sq Ft

Use: Industrial Investment

Price: £2,700,000

Modern accommodation next to A56

Quality tenant

Competitive price

Asset enhancement opportunities

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About the property

Location

The various properties are situated on Bentwood Road on the popular Carrs Industrial Estate on the edge of Haslingden.

This is an established industrial/business location with easy access to the national motorway network via the A56(Haslingden Bypass) which links to the M65 motorway to the North and the M66/M60/M62 motorways, to the South.

Established occupiers on the estate include TNT, Powder Coatings Northern and Foremost Furniture.

Description

Flexipol Limited occupy 5 adjoining industrial units providing a gross internal floor area of 37,012 sq.ft.

The buildings were on the whole constructed in the mid to late 1980's when the estate has Enterprise Zone status. A modern high bay extension and link building ave been added in recent years.

The various buildings are predominantly of steel portal frame construction with insulated profile clad walls and roof which incorporates clear roof panels. The eaves height in most of the units is approximately 5.4 metres.

They benefit from several roller shutter doors, with office and amenity space throughout.

The units are situated within an attractive landscaped environment accessed of both Bentwood Road and Underbank Way

It should be noted that 2 neighbouring units share the loading and parking area to the front of all the units, however these are excluded from the sale and have been sold to third party landlords/vendors. See plan

Accommodation Text

Unit 1 Ground Floor Workshop 5,836 Sq. ft
Unit 2 Ground Floor Workshop 5,454 Sq. ft
Link Building Ground Floor Workshop 2,787 Sq. ft
Units 14/14A Ground Floor Offices/Ancillary 676 Sq. ft
Workshop 10,395 Sq. ft
Extension (not inspected) 1,200 sq.ft (approx)
First Floor Canteen/Ancillary 676 sq.ft
Units 3C & 3D Ground Floor Offices/Reception 1,440 sq.ft
Warehouse 1 (3C) 2,369 sq.ft
Warehouse 2 (3D) 4,739 sq.ft
First Floor Offices 1,440 sq.ft

Total 37,012 sq.ft

Services

All main services are available.

EPC

The property has the following EPC assessments:

Unit 1- D (78)
Unit 2 C (51)
Unit 3 B (48)
Unit 14-B (43)

VAT

To be confirmed but the sale is expected to be proceed by way of a TOGC and therefore no VAT will be applicable to eligible parties

Investment Return

Based on the minimum price of £2.7m the yield is 8% when allowing for acquisition costs

Planning

The property is currently used for industrial purposes.

Lease Terms

The original lease was renewed and now comprises a lease from 5th June 2025 for a period of 10 years. It is held on a full repairing basis.

The rent is £230,000 pa.

The lease incorporates tenant break dates in June 2028 & June 2031 with 6 months notice. There is a rent review in June 2030

The tenant is Flexipol Packaging Limited. They reported a turnover £40m up to March 2024 and a net worth of £8.4m and working capital of £2.8m. Company number 02963868