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Light Industrial for sale

Redetec House, Breightmet Street, Bolton, BL2

Removed 2,163 sq. ft. | £95,000

Property Description

Commercial information

  • 2,163 sq ft (200 sq m)

Key features

  • Tenanted commercial property with annual rental income of 8,100 per annum
  • Unexpired term of just under 10 years
  • Well located close to Bolton Town Centre
  • Tenant occupying on full repairing and insuring terms
  • Tenant is a registered Charity established in 2004, operating nationally across multiple locations.
  • Potential rental uplift at review
  • Tenant has recently undertaken significant refurbishment of the property

Full description

Tenure: Freehold

DESCRIPTION

The subject property comprises of a single storey warehouse facility which is currently Tenanted by a local religious charity. In brief the property comprises of an open plan workshop space with associated office, WC facilities and kitchen. The accommodation is well appointed and has been recently refurbished throughout by the existing Tenant. In general the space benefits from carpeting, plastered painted walls and ceilings with spotlighting.

Externally the property has a small enclosed yard area which is currently used for car parking and can accommodate circa 6 cars block parked.

INVESTMENT

The property is tenanted by Praise Christian Centre International (PCCI) a registered charity: (charity number 112 5205) . PCCI operate nationally from a number of locations.

Lease Terms:

Full repairing and insuring lease for a term of ten years commencing 23rd December 2015
Annual rent of £8,100 (equates to £3.74 / ft2) exclusive of all other outgoings
FRI terms limited by schedule of condition
No break clause. Rent review at the 5th anniversary

LOCATION

The property is located on Breightmet Street accessed via Bradshawgate in the centre of Bolton. The property is within walking distance of Bolton Town Centre and Bolton Train station. The surrounding area is a mix of commercial users including both industrial and officer occupiers.

ACCOMODATION

201 m2 / 2,163 ft2. Miller Metcalfe have taken these measures from the Valuation Office website and therefore any interested parties are advised to make their own investigations in this regard.


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