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Units 1-4, Trinity Retail Park, Springfield, Bolton, Lancashire, BL2 1HY

Offers in Region of
£2,250,000

£74.69 per sq ft

Business rates & charges may apply

W T Gunson, Manchester - BPG
SIZE AVAILABLE

30,126 sq ft

2,799 sq m

SECTOR

Mixed use property for sale

Key features

  • Part let to Jump Xtreme at £160,000pa with lease extension expiry Nov 2030
  • ERV of £280,000pa when vacant unit let
  • Purchase price of £2.25m represents a net initial yield of 11.74% based on ERV
  • Large car park with 200 plus spaces

Description

The property is located on Springfield off Bradford Street (A579) in Bolton, Greater Manchester. St Peters Way (A666) is within close proximity which provides easy access to Junction 2 of the M61 leading to junction 14 of the M60 motorway.

Bolton Town Centre is less than 1 mile to the North West. Nearby occupiers include Arnold Clark Motorstore, Burger King and Costa Coffee.

Bolton is situated 10 miles north west of Manchester and 6 miles west of Bury.

The property comprises a row of terraced retail trade counter style warehouse units of steel portal frame construction beneath pitched steel sheet roofing with part brick, part blockwork, part steel clad elevations.

Unit 1 is vacant and currently in shell form.

Units 2/3 are leased to Jump Xtreme a children's trampoline centre.

Unit 4 is sold off to Urban Outreach on a 150 year lease.

There is a large car park with more than 200 spaces.

LEASE OPPORTUNITY

Unit 1 is currently vacant and in shell form and offers a blank canvas for a new tenant to come in and fit out for their proposed use. It has an ERV of c £12/sqft. Please note heads of terms have been agreed with a leisure operator, further details on request.

Units 2/3 are let to Jump Xtreme who operate a children's leisure facility/trampoline centre. The lease is for a term of 10 years from 13th Nov 2015, with 5 year reversionary lease extension from 13th Nov 2025 expiring Nov 2030. The passing rent is £160,000pa equating to c £8/sq ft. Jump Xtreme currently have two operations in Bolton and Tamworth, Midlands.

Unit 4 sold off on 150 year lease to Urban Outreach - a local food bank.

Whilst the units have historically been for retail/leisure, we believe there is potential future repurposing opportunity for industrial warehousing subject to obtaining any necessary consents.

The property is held freehold.

A datalink will be available with various documents relating to the property which is available on request.

Energy Performance Certificates

EPC CertificateEPC Certificate

Brochures

Units 1-4, Trinity Retail Park, Springfield, Bolton, Lancashire, BL2 1HY

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bolton Station0.3 miles
  • Moses Gate Station1.3 miles
  • Hall i' th' Wood Station1.7 miles

About W T Gunson, Manchester - BPG

Suite 2, Third Floor 1 King Street Manchester M2 6AW

W T Gunson is Manchester’s leading independent Chartered Surveyors and Property Consultants, covering Manchester and the North West since 1873, and offering expert advice on a full range of commercial and residential property.

Our expertise covers retail, office, industrial and development land, whether owner-occupied or investment property.

Notes

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Disclaimer - Property reference 1456FH. 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 W T Gunson, Manchester - BPG. 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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