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