Mixed Use for sale

1 Wilson Patten Street, Warrington, Cheshire, WA1 1PG

2,553 sq. ft. | £310,000

Property Description

Commercial information

  • 2,553 sq ft (237 sq m)

Key features

  • Current Rental Income 25,800 per annum
  • Entire Property Refurbished since 2014
  • Two Separate Tenants

Full description

Location

The property is situated on the corner of Wilson Patten Street and Bold Street on the fringe of the prinicipal office district in Warrington town centre.

Wilson Patten Street is a major through route and benefits from large volumes of passing traffic giving occupiers a highly visible profile.

The town centre retail core is situated at the top of Bold Street and can be reached within 5 minutes walk.

Description

A tenanted investment property that currently provides a rental income of 25,800 per annum. The property is separated into two sections; 1 Wilson Patten Street and 22 Bold Street, each has an individual tenant in occupation.

1 Wilson Patten Street is occupied as a company head office and 22 Bold Street is a telecommunication business office.

The entire property has been completely refurbished since 2014 and contains 2 self contained office buildings with independent kitchen and wc facilities within.

Parking is included to the rear and side of the property, 1 Wilson Patten street has the right to park 2 further cars in the car park behind 20 Bold Street at the rear.

Accommodation

Net Internal Area

1 Wilson Patten Street

Ground - 30.3m 326ft

First - 58.9m 634ft


22 Bold Street

Ground 83.4m 897ft

First 64.5m 696ft

Total - 237.1m 2,553ft

Tenancies

1 Wilson Patten Street is let until 29 October 2017 at a rent of 12,000 per annum on a tenants full repairing and insuring basis.

22 Bold Street is let until 30 April 2019 at a rent of 13,800 per annum on a tenants full repairing and insuring basis (excluding structural defects). There is a rent review on the 1 May 2017 and the tenant has a break clause on 30 April 2017 subject to 4 months prior written notice.

Sale Price

The investment is available to buy at 310,000 which represents a net initial yield of 8% assuming purchase costs of 3.2%.

VAT

1 Wilson Patten Street is elected for VAT and it is anticipated that the transaction will be treated as a Transfer of Going Concern (TOGC).

Tenure

Both properties are held on 999 year Leases from 1869.

More information from this agent

Nearest stations

  • Warrington Bank Quay (0.2 mi)
  • Warrington Central (0.4 mi)
  • Padgate (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Morgan Williams Commercial LLP, Warrington

First Floor, Central House, Central Way, Winwick Street, Warrington, WA2 7TT

01925 878033 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

  • Warrington Bank Quay (0.2 mi)
  • Warrington Central (0.4 mi)
  • Padgate (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Morgan Williams Commercial LLP, Warrington

First Floor, Central House, Central Way, Winwick Street, Warrington, WA2 7TT

01925 878033 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 WilsonPattenStreetandBoldStreet22. 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 Morgan Williams Commercial LLP, Warrington. 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.

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