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Commercial Property for sale

Large development site close to the town centre

Withdrawn from Market £280,000

Property Description

Key features

  • Light commercial or warehousing units
  • Large site with car parking
  • Close to Birkenhead town centre
  • Excellent development opportunity (STP)
  • High yield property
  • SIPP complient investment

Full description

Craven Business Centre
Superb investment opportunity subject to planning consent

Currently established as 6 individual light industrial / warehousing units within a business centre, this site has excellent development potential.
The site has parking for approximately 30 cars within a secure yard and offers a good yield as is, or the opportunity to redevelop the site for residential use (STP).

Craven Business Centre is less than 500 metres from the centre of Birkenhead and adjacent to the new £35 Million Asda development and the £6 Million Hive Youth Zone. The area has benefitted from a range of other development initiatives and has lots of passing trade.

Thislarge brick built predominantly single storey building has been converted to provide six warehouse/commercial units.  Five of these are accessed via the private car park with the final unit having direct access from Bentinck St.  The car park is surrounded by steel palisade fencing.

Three of the six units are currently leased.  The current owner has only recently started re-marketing the property and we have had serious expressions of interest from prospective tenants enticed by the low asking rent of £2.50 - £4.50  / Sq Ft.

The site would benefit from a scheme of improvements to increase passing rents, or offer a developer an opportunity to pick up a large development site close to the town centre.

Three out of six units are currently tenanted.

UNIT                                          Area sq ft(approx.)                        Current / recent past use 
1A                                                   740                                          Car repair garage and MOT centre
1                                                   2,023                                          Storage         
2                                                   2,680                                          Auto glass repair centre 
3                                                   1,937                                          Offices  
4                                                   4,931                                          Offices and training centre
5                                                   3,554                                          Garage / vehicle repair


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