Commercial Properties For Sale in Lathom, Ormskirk, Lancashire
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The property comprises a detached portal frame warehouse with ancillary reception, office accommodation and forecourt parking, extending in total to approximately 5,500 sq ft GIA. Although the premises are currently occupied and configured for a motor trade use, prospective occupiers and purchasers should not necessarily view the property solely in this context. The underlying accommodation provides a substantial open-plan portal frame warehouse together with ground floor reception/ancillary accommodation and a range of private offices at first floor level. The property therefore has the potential to accommodate a variety of warehouse, industrial, trade counter and other employment-related uses, subject to any necessary planning or other statutory consents. Externally, the property benefits from a prominent frontage to Wigan Road together with a substantial forecourt providing useful customer/staff parking and servicing. As a secondary consideration, the property also benefits from an existing residential redevelopment consent. Full Planning Permission, subject to conditions, was granted by West Lancashire Borough Council under Planning Reference 2022/1145/FUL for demolition of the existing warehouse and construction of four detached dwellings. A copy of the Planning Approval Notice and approved plans can be made available upon request.
39 Junction Lane presents an opportunity to acquire a well-maintained income-producing residential investment with future asset management and development potential. The property is offered for sale subject to and with the benefit of the existing tenancy, producing a current rental income of £11,400 per annum. Occupying a generous corner plot, the property also benefits from a favourable pre-application planning response supporting, in principle, the construction of a detached bungalow within the retained side garden, subject to obtaining planning permission. During the current ownership the property has benefited from a comprehensive programme of refurbishment including a complete electrical rewire, installation of a new gas-fired central heating boiler, improvements to the insulation, refurbishment of the kitchen and replacement of the WC and wash hand basin within the en-suite. Consequently, the property requires little immediate capital expenditure whilst retaining considerable scope for future value enhancement. The retained side garden represents the property's principal strategic asset, presenting purchasers with the opportunity to investigate future development potential whilst continuing to benefit from an established rental income. The property occupies a generous corner plot with gardens to the front, side and rear. The detached garage together with the retained side garden are specifically excluded from the tenancy, thereby enabling the purchaser to ret