Breightmet House & part of Breightmet Fold Works, BL2 5PH

For sale via Pearson Ferrier Auctions starting Tuesday 13th May, bidding will be on the Pearson Ferrier website and you can register to bid now. An ideal Freehold investment opportunity comprising three buildings - Breightmet Fold House (approx. 3,300 SQ FT), Unit (approx. 1,350 SQ FT) and the first floor of Redbridge Industrial Estate (approx. 5,500 SQ FT) Total internal area over 10,000 SQ FT. Please see floor plans for layout details. Breightmet Fold House is an imposing two storey building which was previously used as a multi office let (each office being sub metered) with just one tenant in place in office three. It does have gas central heating in place. This building would suit conversion to a variety of other uses such as a care facility, flats, H.M.O. or similar subject to planning permissions and the usual consents, or to re fill as multiple office units to create a high yield. Unit two is a stand alone commercial unit with roller shutter door for vehicle access which is currently let to a single tenant. The first floor of Redbridge Industrial Estate has been internally split to storage and workshop areas. This is currently majority let, with an office which is currently vacant and used by the current owners. The units have access to a communal W.C. also included in the sale on the side of the unit. Full details of the rental incomes are detailed below in the advert. There is a video available on the advert of just Breightmet Fold House. Viewings are essential to appreciate the size and potential. Please note taht the video is of Breightmet Fold House only and not the two other units. Guide Price £300,000 - £350,000. Buyers are advised to check the legal pack before bidding, this will be available on the Pearson Ferrier website via the bidding window on the property when available. Any changes to the details will be updated on the Pearson Ferrier website before the auction.

Rental Incomes - Please note that many of the office units in Breightmet Fold House are vacant with only one tenant in place. There is also a vacant office on the first floor of Redbridge Industrial Estate. We have been informed that all units have their own meters and are billed individually for their usage. The current rental incomes provided by the landlord are below:
Unit - Rent £265pcm Admin charge £10pcm Climate levy £3pcm
Total per year £3,336
First Floor of Redbridge Industrial Estate:
Unit 1a - Rent £150pcm Admin charge £15pcm Climate levy £3pcm
Unit 1B - Rent £180pcm Admin charge £10pcm
Unit 1C - Rent £165pcm Admin charge £15pcm Climate levy £3pcm
Unit 1D - Rent £100pcm Admin charge £10pcm
Unit 1E - Rent £100pcm Admin charge £15pcm Climate levy £3pcm
Unit 1F - Rent £180pcm Admin charge £15pcm Climate levy £3pcm
Total per year £11,604
Breightmet Fold House (9 empty units)
Office 3 - Rent £150pcm Admin charge £20pcm Climate levy £3pcm
Total per year £2,076
Total Combined Income - £17,016pa - Please note that there is vast potential to increase this by letting out the vacant units in Breightmet Fold House.
Please note that there is an empty office in Redbridge Industrial Estate and much of Breightmet House is intentionally vacant and if vacated by the final tenant would present a good development opportunity.
Please note that the main meters are in another building and the occupiers provide the meter readings. The building next door at present has an inter connecting door and also runs off the same electric & water supply, pay 50% of water bill and pay for their own electric, billed by the current owner.

Additional Information - Tenure - Freehold
Business Rates - Much of the site is not listed at present, the parts that are listed are:
Unit 2 - £1,128 pa
Unit 1 Breightmet Fold House - £1,125 pa
EPC: F 148
Solicitor - Clough & Willis
Please note that the property is refered to in the legal pack as The Freehold land and buildings being Land forming part of Breightmet Bleach Works Bolton and Land being Breightmet Fold Works Ainsworth Bolton BL2 5PH.

Auction Information - The auction is a traditional auction with exchange on the winning bid and completion taking place within 20 working days from the auction (unless stated otherwise in the legal pack).
Buyer's Fees - There is a buyer's premium charge of £2,500 + VAT or 2% of the purchase price (whichever is greater) and a buyer's administration fee of £500 + VAT. If there are any disbursements from the sellers side these will be detailed in the legal pack. Buyer's are advised to check the legal pack before bidding.

Every effort has been made to confirm the accuracy of the details including any defects with the vendor and their solicitor. Pearson Ferrier will not be held responsible for any failure to disclose any such defects. Any purchasers buying without viewing, or if not available carrying out a survey are doing so at their own risk and acknowledge that Pearson Ferrier will not be held responsible for any issues that may arise due to them being unintentionally missed from the advert.