Orient One & Station House, New Hall Hey Road, Rawtenstall, BB4 6AJ

Location

The properties occupy a prominent position between the centre of Rawtenstall and the New Hall Hey retail park with tenants such as M&S, Aldi, Home Bargain, Pet at Home etc. The A682 (leading onto A56) also runs adjacent to the site as does East Lancs Railway.

Description

Station House is a detached stone built building with a pitched slate roof and comprises a self contained restaurant on the ground floor and first floors with multi-let offices on the second floor. The office suites on the upper floors have their own separate access and have been refurbished to a good standard throughout and include shared kitchen and WC facilities.

The whole property is occupied by TFP (Rawtenstall) Limited. t/a The Firepit Restaurant, and they have been trading in this location since 2014. See lease terms for full details. Floor plans are available on request.

TFP (Rawtenstall) Limited have the ability to sublet part within their lease on the offices on the second floor.

Orient One was originally constructed as a Kwik Save supermarket however following a comprehensive refurbishment the property is now occupied by Buildco Reserve Ltd t/a Thrive Gyms. This substantial health and wellness centre has been finished to an extremely high standard and includes facilities such as cafe, aesthetics clinics, sauna, boxing studio etc.

The site also benefits from 130+ on site car parking spaces.

Accommodation Text

Station House (The Fire Pit) Restaurant & Business Centre
Size - 6,766 sq.ft (NIA)
Rent per annum - £110,000 pa
Lease expiry - 28/02/2028

Orient One (Thrive) Health Club
Size - 23,749 sq.ft (NIA)
Rent per annum - £175,000 pa
Lease expiry - 08/11/2037

Full tenancy details and lease information is available on request.

Services

All mains services are connected to both properties with the tenants responsible for payment of their own utilities.

Lease Terms

Station House - The whole building is currently let on FRI terms to TFP (Rawtenstall) Limited. (t/a The Firepit Restaurant) expiring February 2028 with no break clauses.

The lease also benefits from a guarantor. The current net rent passing is £110,000 pa with a outstanding rent reviews in 01/03/2024 and another on 01/03/2027. The upper floor offices are let on sub leases by TFP (Rawtenstall) Limited with the tenant retaining the rental income for these areas.

Orient One - Let on FRI terms to Buildco Reserve Ltd (t/a Thrive Gyms.) on a 15 year FRI lease from 09/11/2022 with no break clauses. Upward only rent reviews on 5th, 8th and 12th anniversary of lease commencement to open market value.

Legal Costs

Each party to be responsible for their own legal costs.

Viewing Detail

Strictly through agents
Taylor Weaver
(James Taylor)