Commercial Property for sale

Chorley New Road, Bolton

Offers in Region of £400,000

Property Description

Full description

Retail, office, leisure parade producing £46,000 pax
Net yield of 11.18%

Location - Prominently situated in the centre of Horwich fronting Chorley New Road (A673) at its junction with Mason Street and Winter Hey Lane. Chorley New Road being the main arterial route leading through Horwich from Bolton, Middlebrook and the M61 (Junction 6) to the south and Chorley to the north.

Description - Traditionally constructed two storey parade of retail units, either side of the former cinema now occupied as a childrens play centre. The property has four component parts briefly:

172 Chorley New Road, Ground floor retail unit
172a Chorley New Road - First Floor Office Suite
174 Chorley New Road - Childrens Play Centre
176 Chorley New Road - double fronted ground floor retail unit.

Accommodation - 172 Chorley New Road - Ground floor retail premises - 12.08 sq m (130 sq ft)
172a Chorley New Road - First floor office suite - 56.2 sq m (605 sq ft)
174 Chorley New Road - Childrens play centre - 378.5 sq m (4,069 sq ft)
176 Chorley New Road - Double fronted retail unit - 107.4 sq m (1,156 sq ft)

Tenancy Schedule - Ground Floor
172 Chorley New Road - Cash 4 Clothes £4,000 pa

First Floor
172a Chorley New Road - Vacant with rental guarantee for 12 months from the vendor at £4,000 pa
174 Chorley New Road - Currently let to Tiger Tumbles Play House with a personal guarantee for a term of 5 years from 2016 incorporating a rent review in 2019 . Lease is drawn on FRI terms (by way of Schedule of Condition) at a current passing rental of £30,000 pa
176 Chorley New Road (double fronted retail unit) - Currently vacant with rental guarantee for 12 months from the vendor at £8,000 pa

Total Rental Income£46,000 pa

Asking Price - Offers in the region of £400,000 which equates to a net yield of 11.18% assuming purchasers costs at 2.88%.

Tenure - Believed to be long leasehold.

Vat - All figures quoted are exclusive of but may be subject to VAT at the prevailing rate.

Epc - Available on request.

Business Rates - 174 Chorley New Road
2010 Rateable Value £8,800

Draft 2017 rateable Value is £11,250

Viewing - For further information please contact......

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.


More information from this agent

Nearest stations

  • Blackrod (0.9 mi)
  • Horwich Parkway (1.5 mi)
  • Adlington (Lancs.) (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Roger Hannah & Co, Manchester

Century Buildings 14 St. Marys Parsonage Manchester M3 2DF

0161 468 0870 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

  • Blackrod (0.9 mi)
  • Horwich Parkway (1.5 mi)
  • Adlington (Lancs.) (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Roger Hannah & Co, Manchester

Century Buildings 14 St. Marys Parsonage Manchester M3 2DF

0161 468 0870 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 26631708. 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 Roger Hannah & Co, Manchester. 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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