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Grove House, Commerce Street, Haslingden, BB4 5JT

Full Details

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