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Commercial Property for sale

Blackamoor Road, Blackburn

Offers in Excess of £700,000

Property Description

Full description

*****SOLD BY ROGER HANNAH AND CO******
Trade Counter Investment - Currently Producing £61,000 pax

Location - The property is situated at the junction of Blackamoor Road (B6231) and Haslingden Road (A6077) in a predominantly commercial/industrial area, close to Blackburn Hospital and approximately 3 miles south east of Blackburn town centre.

The area benefits from excellent communication links being situated directly adjacent to Junction 5 of the M65 motorway providing direct access to West and East Lancashire and also the national motorway network to the East of Preston.

Description - The property briefly comprises a warehouse facility with two storey ancillary offices at the front occupying a site extending to 0.62 hectares (1.53 acres). The external areas providing outside storage. We understand the building was developed in the 1980s of steel portal frame construction with brick and blockwork base walls and insulated metal profile cladding above and to the roof. The eaves height is approx. 4.06m (13ft 3). Loading access is provided by way of 3 electrically operated roller shutter doors.

To the front of the building is a two-storey office block of full height brickwork elevations incorporating part aluminium and double glazed units. The office accommodation has recently been refurbished and is heated via gas fired central heating.

Internally, the workshop provides open plan storage and manufacturing space which has been fitted with a trade counter adjacent to the office area.

Accommodation - The premises have been measured in accordance with the RICS Code of Measuring Practice on a gross internal basis to provide the following floor areas:

Ground Floor:
Warehouse 790.62 sq m 8,510 sq ft
Offices 133.82 sq m 1,440 sq ft

First Floor:
Offices 137.42 sq m 1,479 sq ft

Total Gross Internal Area: 1,061.86 sq m 11,429 sq ft

Tenancy Information - The property is currently let to Ensor Building Products Limited for a term of 10 years from 1st October 2015 on a full repairing and insuring basis at an initial rent of £61,000 per annum. The lease is excluded from Sections 24-28 of the Landlord and Tenant Act and incorporates annual rent review provisions to RPI capped at 2% per annum. There is a tenants break clause at the 5th anniversary with 12 months notice and a landlords break clause at a any time during the term provided not less than 12 months notice is given. If the landlord exercises the break clause before 2020 there is a penalty provision of £40,000 plus VAT.

Ensor Building Products Limited were incorporated in August 1929 with a turnover of £6.2 million and net assets of £489,400. (Year end March 2015).

Asking Price - Offers Over £700,000 which equates to a net initial yield of 8.24%, assuming purchasers costs at 5.8%.

Tenure - Believed to be freehold

Vat - All figures quoted are exclusive of but may be subject to VAT.

Viewing - If you would like to view this property or would like further information please contact the Sole Agents:
Roger Hannah & Company
Century Buildings,
14 St. Marys Parsonage
Manchester
M3 2DF

Tel: 0161 817 3399, Fax: 0161 817 3398
E-mail:-stuartcooper@roger-hannah.co.uk</fontcolor>

All our properties can be viewed on the internet at www.roger-hannah.co.uk.</fontcolor>

Location Plan -

Internal Photograph -

MISREPRESENTATION ACT
Roger Hannah & Co Ltd act as agents for the vendor(s) or lessor(s) of this property and gives notice that: (i) The particulars are a general outline only for the guidance of intending purchasers or lessors and do not constitute an offer or contract (ii) All descriptions are given in good faith and are believed to be correct, but any intending purchasers or lessees should not rely on them as statements of fact and must satisfy themselves by inspection or otherwise as to their correctness. (iii) None of the buildings services or service installations have been tested and are not warranted to be in working order. (iv) No employee of the two agents has any authority to make or give any representation or warranty whatever in relation to the property. (v) Unless otherwise stated all prices are quoted exclusive of VAT. (vi) Where applicable an Energy Performance Certificate is available upon request.


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