Commercial Property for sale

Stephen HouseBethesda Street,Burnley,BB11 1PR

24,618 sq. ft. | £1,250,000

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

LOCATION
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.

DESCRIPTION
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.

ACCOMMODATION
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.

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

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

SERVICES RESPONSIBILITY
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.

LEASE TERMS
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.

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

BUSINESS RATES
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

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

EPC
An Energy Performance Certificate is available upon request.

VAT
VAT is charged on the rent and service charge.

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

Tel. 01282 456677
commercial@petty.co.uk
www.pettycommercial.co.uk


More information from this agent

Nearest stations

  • Burnley Central (0.3 mi)
  • Burnley Manchester Road (0.4 mi)
  • Burnley Barracks (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Petty Estate Agents Ltd, Burnley - Commercial

Imperial Chambers, 32 Manchester Road, Burnley, BB11 1HH

01282 934035 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Burnley Central (0.3 mi)
  • Burnley Manchester Road (0.4 mi)
  • Burnley Barracks (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Petty Estate Agents Ltd, Burnley - Commercial

Imperial Chambers, 32 Manchester Road, Burnley, BB11 1HH

01282 934035 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference StephenHouse. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Petty Estate Agents Ltd, Burnley - Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.