Offers in region of
£230,000
(£310.81/sq. ft)
Light industrial for saleJunction Lane, Newton-Le-Willows WA12
From 740 - 1,000 sq. ft
Under offer
About this property
Investment opportunity with rental growth potential
Built in 2018 providing 1 of 7 industrial buildings
On site allocated car parking
Excellent EPC rating of B
Close to M6 motorway (J23) and East Lancs (A580)
Electric roller shutters
Office to first floor
Location:
The property is close to the entrance of the well established Sankey Valley Industrial Estate. It is located at the junction of Sankey Street and Junction Lane. The property is within easy reach to East Lancs (A580) and M6 motorway (Junction 23). Local rail networks and town centre amenities are less than 1 mile away.
Extensive amenities are within the immediate vicinity including hotels, coffee shops, restaurants and gyms.
Description:
A tenanted unit for sale with excellent rental growth potential. Unit 1, art Business Park was constructed in 2018 and is part of a row of 7 industrial buildings near to the entrance of Sankey Valley Industrial Estate.
The modern construction makes the units ideally situated for use Class B1 business, B2 general and B8 storage and distribution. They benefit from insulated roof cladding and LED lighting. An office is fitted out at first floor level.
Specification:
LED lighting
Electric roller shutter door access (overall x 3.11m wide)
Concrete floor slab
Steel frame with concrete block infill and insulated roof and side profile sheet
Pedestrian side door leading into main warehouse and adjacent disabled w.c. And kitchen.
The unit frame has an excellent eave height ranging 6.15m to 7.8m at its highest
First floor offices and kitchen
accommodation:
Warehouse - 96.11 sq. M (1,035 sq.ft)
First Floor - 78.53 sq. M (845 sq.ft)
Total: 174.64 sq. M (1,880 sq. Ft)
Tenancy
The premises are let to Production Technology Ltd from March 2022 expiring 2027 at £18,500 p.a. Plus VAT (low £9.84 per sq. Ft p.a. Overall). The tenant is responsible for paying rent, estate charge and ground rent. Further details on request.
Tenure
The property is owned by way of a 250 year long lease from 5 November 2018. The ground rent is £315 per annum with a review date 1st March 2028 and every fifth anniversary of that date based upon the rental price index. All uplifts subject to a cap of no greater than 5% annually. It has a permitted use class of B1, B2 and B8 as was written in the Town and Country Planning (Use Classes) Order 1987.
Opportunity
The property is available for sale, offers in the region of £230,000 plus VAT. Gross initial yield - 8%. Alternatively, the unit would suite an owner occupier upon expiry of the current lease, subject to achieving vacant possession.
Service charge:
There is a common part service charge payable towards upkeep of the estate. This is paid by the tenant. Further details on request.
Rateable value:
The unit has a rateable value of £8,500, this is not the amount you pay. The unit is below small business rate relief threshold and thus, if eligible, the occupier will benefit from full rate relief.
VAT:
All prices, outgoings and rentals quoted are exclusive of VAT, but may be liable at prevailing rate. Further information on request.
Legal costs:
Unless otherwise stated all parties to bear their own legal costs.
EPC:
The property has an EPC rating of B. The property is therefore future proofed from proposed new legislation. Further details available on request.
The property is close to the entrance of the well established Sankey Valley Industrial Estate. It is located at the junction of Sankey Street and Junction Lane. The property is within easy reach to East Lancs (A580) and M6 motorway (Junction 23). Local rail networks and town centre amenities are less than 1 mile away.
Extensive amenities are within the immediate vicinity including hotels, coffee shops, restaurants and gyms.
Description:
A tenanted unit for sale with excellent rental growth potential. Unit 1, art Business Park was constructed in 2018 and is part of a row of 7 industrial buildings near to the entrance of Sankey Valley Industrial Estate.
The modern construction makes the units ideally situated for use Class B1 business, B2 general and B8 storage and distribution. They benefit from insulated roof cladding and LED lighting. An office is fitted out at first floor level.
Specification:
LED lighting
Electric roller shutter door access (overall x 3.11m wide)
Concrete floor slab
Steel frame with concrete block infill and insulated roof and side profile sheet
Pedestrian side door leading into main warehouse and adjacent disabled w.c. And kitchen.
The unit frame has an excellent eave height ranging 6.15m to 7.8m at its highest
First floor offices and kitchen
accommodation:
Warehouse - 96.11 sq. M (1,035 sq.ft)
First Floor - 78.53 sq. M (845 sq.ft)
Total: 174.64 sq. M (1,880 sq. Ft)
Tenancy
The premises are let to Production Technology Ltd from March 2022 expiring 2027 at £18,500 p.a. Plus VAT (low £9.84 per sq. Ft p.a. Overall). The tenant is responsible for paying rent, estate charge and ground rent. Further details on request.
Tenure
The property is owned by way of a 250 year long lease from 5 November 2018. The ground rent is £315 per annum with a review date 1st March 2028 and every fifth anniversary of that date based upon the rental price index. All uplifts subject to a cap of no greater than 5% annually. It has a permitted use class of B1, B2 and B8 as was written in the Town and Country Planning (Use Classes) Order 1987.
Opportunity
The property is available for sale, offers in the region of £230,000 plus VAT. Gross initial yield - 8%. Alternatively, the unit would suite an owner occupier upon expiry of the current lease, subject to achieving vacant possession.
Service charge:
There is a common part service charge payable towards upkeep of the estate. This is paid by the tenant. Further details on request.
Rateable value:
The unit has a rateable value of £8,500, this is not the amount you pay. The unit is below small business rate relief threshold and thus, if eligible, the occupier will benefit from full rate relief.
VAT:
All prices, outgoings and rentals quoted are exclusive of VAT, but may be liable at prevailing rate. Further information on request.
Legal costs:
Unless otherwise stated all parties to bear their own legal costs.
EPC:
The property has an EPC rating of B. The property is therefore future proofed from proposed new legislation. Further details available on request.
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