Unit 1, ART Business Park, Junction Lane, Newton-Le-Willows, Merseyside, WA12

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 lights
Electric roller shutter door access (4m high 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 w.c. and kitchen
The unit frame has an excellent eave height ranging 6.15m to 7.8m at its highest
First floor fitted office and kitchen

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 1 March 2028 and every fifth anniversary of that date based upon the retail price index. All uplifts subject to a cap of no greater than 5% annually. It has a permitted user clause of B1, B2 and B8 as was written in the Town and Country Planning (Use Classes) Oder 1987.

Service Charge:
There is a common part service charge payable towards upkeep of the estate. This is currently paid by the tenant. Further details on request.

Rateable Value:
The units has a rateable value of £8,500. This is not the amount you pay and the unit is below small business rate relief threshold and thus, if eligible, the occupier will benefit from full rate relief.

Opportunity:
The property is available for sale offers in the region of £230,000 plus VAT.

Net yield - 7%
Revisionary yield - 9.1% (before purchaser cost and assuming an estimated rental value £12.50 per sq. ft).

Alternatively the unit would suit an owner occupier upon expiry of the current lease.

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. The right is reserved to require a legal undertaking prior to drafting a new lease.