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Commercial Property for sale

Stephen HouseBethesda Street,Burnley,BB11 1PR

24,618 sq. ft.

Property Description

Commercial information

  • 24,618 sq ft (2,287 sq m)

Key features

  • Potential Income of 119,640
  • Parking for Tenants.
  • Town centre location close to shops and local bus routes.

Full description

Situated at the edge of Burnley town centre on Bethesda Street which is situated off St James Street. The town centre and all its amenities are within walking distance.

Five storey office building of concrete frame construction providing well planned office accommodation on each of the five floors.

The five floors are capable of being occupied as open plan office. The offices are accessed via a communal reception with lift and staircase access. Communal WC facilities are available with male and female WC's on alternate floors.

Ground Floor 181.00 sq.m (1,948 sq.ft)
First Floor 520.09 sq.m (5,607 sq.ft)
Second Floor 520.09 sq.m (5,607 sq.ft)
Third Floor 532.10 sq.m (5,728 sq.ft)
Fourth Floor 532.10 sq.m (5,728 sq.ft)

All areas quote are net internal. Please note that the property has not been measured and the areas are based on the VOA valuations.

There is an underground car park within the building with the parking spaces within this area demised to the tenants on a proportionate basis.

The offices are heated via a gas fired hot water central heating system.

It is the prospective purchaser's responsibility to verify that all appliances, services and systems are in working order, and are of adequate capacity and suitable for their purpose.

Ground and First Floor
Occupied by way of a five year lease from the 16th March 2006 at a current passing rent of 37,140. The floors are let to Lancashire Probation Service on full repairing and insuring terms. The tenant is currently holding over
Second Third Floor & Fourth Floor
Currently vacant. The premises are being marketed on a floor-by-floor basis on an asking rent of 27,500 per floor.

1.25 Million
Assuming Purchasers costs of 5.8% the investment will provide a return of 9.07%

Each of the occupied areas has the following rateable values:
Part Ground Floor 4,850
Ground & First Floor 32,500
Second Floor 27,250
Third Floor 27,750
Fourth Floor 27,500

Each party is to be responsible for their own legal costs.

An Energy Performance Certificate is available upon request.

VAT is charged on the rent and service charge.

Petty Chartered Surveyors
Imperial Chambers, Manchester Road
Burnley, BB11 1HH

Tel. 01282 456677

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