Commercial Property for sale

The Foundry, Marcus Street, Birkenhead, Wirral, Merseyside, CH41

6,825 sq. ft. | £495,000

Property Description

Commercial information

  • 6,825 sq ft (634 sq m)
  • Use class orders: B1 Business, B2 General Industrial and B8 Storage and Distribution

Key features

  • An impressive commercial property comprising of an office building of 5,264 sq ft (489 sq m)
  • Three industrial/workshop units totalling 1,561 sq ft (145 sq m).
  • For sale with vacant possession or as an investment opportunity to continue as a business centre.
  • Current gross income of 53,680 per annum (subject to variation)
  • Potential gross income when fully let of 135,900 per annum.

Full description

LOCATION:
The Foundry is less than one kilometre from Birkenhead town centre and within a few minutes drive of Junction 1 of the M53 providing access to the national motorway network together with Queensway and Kingsway Tunnels linking the Wirral with Liverpool City Centre and beyond.

Also within one kilometre are Hamilton Square and Conway Park Stations providing good rail links to the national network. Bus links are also available with a stop immediately adjacent to the property.

The Peel Holdings Group's Wirral Waters multi-million pound regeneration scheme is within close proximity to the property with the first phase including a Built Environment & Skills College.

The property is set back from Marcus Street affording good visibility and car parking to the front. Marcus Street connects to the A5029 (Watson Street) and in turn the A554 (Canning Street), the main link tot he M53, Queensway and Kingsway Tunnels and Birkenhead Town Centre.

DESCRIPTION:
The Foundry is arguably the birthplace of the submarine with the first known example having been built there. It now provides quality office and light industrial/storage space.

Beyond the impressive reception area there are a number of small office suites ideally suited to the SME market together with a hot-desk 'Hub' and communal meeting room. While the property is ideally suited to its current use as a business centre, removal of internal partition walls could potentially provide larger open plan areas suited to occupation by a single company.

The traditional brick building retains its original charm, with evidence of its industrial legacy visible throughout the property complimented by the modern refurbishment. To the side of the building, facing Pool Street, are 3 small light industrial/storage units.

ACCOMMODATION:
There are a variety of sizes of different office suites / rooms and 3 workshop units. The main office building comprises of a reception, conference room, kitchen and WC's on the ground floor, with further WC's provided on the mezzanine and first floor levels.

The following net internal floor areas have been provided by the vendor and interested parties have been recommended to undertake their own measured survey:

Main office building excluding reception,
kitchen and WC's: 5,264 sq ft (489 sq m)

Industrial Unit 1: 474 sq ft (44 sq m)
Industrial Unit 2: 570 sq ft (53 sq m)
Industrial Unit 3: 517 sq ft (48 sq m)
Total Industrial 1,561 sq ft (145 sq m)

TOTAL 6,825 sq ft (634 sq m)

PARKING:
There is extensive free public car parking available to the front of the property.

TENURE:
We are advised that the property is held freehold.

PRICE:
495,000.

TENANCIES:
The accommodation is let on short term tenancies with some of the offices and all of the industrial units currently let. Due to a previous intention by the vendor to obtain vacant possession, there are presently a limited number of occupiers producing a current gross income of approximately 53,680 per annum at the time of writing and subject to variation. With a coordinated remarketing campaign it is envisaged that when fully let, the property will achieve a total estimated gross rental of 135,900 per annum.

Further information on current tenancies, income and individual lettable units is available upon request.

VAT:
We are advised that no VAT will be payable on the sale.

BUSINESS RATES:
Applicants are advised to make their own enquiries to the local authority.

LEGAL COSTS:
Each party are to be responsible for their own legal costs incurred in the transaction.

ENERGY PERFORMANCE:
The property has an Energy Performance Asset Rating of D. A full copy of the Energy Performance Certificate is available upon request.

Nearest stations

  • Conway Park (0.3 mi)
  • Hamilton Square (0.4 mi)
  • Birkenhead Park (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bolton Birch, Chester

3rd Floor, 10 St John Street, Chester, CH1 1DA

01244 955140 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

  • Conway Park (0.3 mi)
  • Hamilton Square (0.4 mi)
  • Birkenhead Park (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bolton Birch, Chester

3rd Floor, 10 St John Street, Chester, CH1 1DA

01244 955140 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.

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