- FOR SALE
- Multi Let Office / Industrial Investment
- £595,000
- Currently producing a net annual rent of £45,500 pa
- Total floor area 8,768 sq ft
- 7.28% net initial yield (assuming purchaser's costs of 5.04%)
Price: £595,000
Location
The premises are located immediately off the A56 Haslingden Bypass at the entrance to Carrs Industrial Estate. The property offers excellent access to all parts of East Lancashire and North Manchester, with both the M65 and M66 being within 5 minutes drive of the property.
Description
The property comprises two storey office accommodation and a single storey industrial unit. The offices have been refurbished to a good specification and are currently fully let on two separate tenancies. The total net internal area of the offices equates to 5,681 sq. ft. The industrial unit is a detached workshop/warehouse of steel portal frame construction with two separate bays served by two roller shutter loading doors. The unit has a gross internal area of 3,087 sq. ft. The industrial unit is completely self-contained, with separate services, WC facilities and canteen / store room. Outside there is a small yard which provides loading and parking facilities. All tenants occupy on full repairing and insuring basis.
Accommodation
The accommodation is arranged as follows :
.
| Use | Demise | Floor Area |
| Office | Unit 1 | 2,515 sq.ft |
| Office | Unit 2 | 3,166 sq.ft |
| Industrial | Unit 3 | 3,087 sq.ft |
| Total | 8,768 sq.ft |
Services
All of the properties have the benefit of all mains services, including 3 phase power in the industrial section.
Rating
Full details available on request.
Lease Terms
The property is let by way of three separate FRI tenancies, as follows : Office 1 - 2,515 sq.ft let to Victoria Linen Co. on a 3 year lease from September 2016. Net rent received £14,500 pa. (£5.76 psf.) Office 2 - 3,166 sq.ft let to IPH Electrical Ltd. on a 5 year lease from March 2017. Net rent received £16,000 pa (£5.05 psf.) Industrial Unit - 3,087 sq.ft let to Sofa Cycle Ltd. on a 3 year lease from August 2016. Net rent received £15,000 pa (£4.85 psf.) The total combined rent received is £45,500 pa. A full tenancy schedule is available on request.
Tenure
Freehold
Price
£595,000
Availability
The investment is available for immediate purchase
Legal Costs
Each party to be responsible for their own legal costs in the transaction
Viewing
Strictly through agents Taylor Weaver (James Taylor) 01254 699030