Online Auction - 17th to 18th March 2026

Multi-Let Industrial, Trade Counter & Office Investment Complex – 20,933 SQ.FT. (1,945 M2) – Currently Producing £67,000 pa

Substantial mainly single storey multi-let industrial, trade counter and office complex.
The premises provide 8 units, totalling 20,933 sq.ft. (1,945 m2). Five of the units (totalling 12,364 sq.ft. / 1,149 m2) are let and produce a current rental income of £67,000 pa. three units are currently vacant, extending to 8,569 sq.ft / 796 m2.
To the front of the units is a surfaced parking area suitable for approximately 24 cars.

Location
Prominently located fronting Westgate, (close to the Shrimp Roundabout) one of the main arterial routes into Morecambe from the Bay Gateway, connecting directly to junction 34 of M6.

Tenure: Freehold
Title number: LA908637
Local Authority: Lancashire County Council

Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenancy Information: The units are currently let as follows: -
• Units 1,2 & 3 - Lakeland Flooring Northwest Limited - 3,205ft² - 5 Years from 25/03/2022 - £17,500 pa (£5.46/ft²)
• Unit 5D – Private Individual - 1,835.00ft² - 3 Years from 16/10/2024 - £4,500 pa (£2.45/ft²) *Note 1
• Unit 5B – Private Individual - 908.00ft² - 3 Years from 01/04/2024 - £3,800.00 pa (£4.19/ft²)
• Unit 5C - Private Individual - 1,434.00ft² - 3 Years from 01/07/2023 - £6,000 pa (£4.18/ft²)
• Unit 6 - PPG Architectural Coatings UK Limited - 4,982ft² - 10 Years from 03/03/2014 (holding over) - £35,200 pa (£7.07/ft²) *Note 2
Vacant Areas • First Floor Offices - 4,925 ft²
• Unit 4 & 4a - 1,494 ft²
• Unit 5A - 2,150 ft²
*Note 1 Unit 5D - currently negotiating a surrender and new lease. The tenant will be vacating 5D and taking occupation of Units 4&4a. This on the same terms at £4,500 per. A new 3 year term commencing 01/12/25 with the ability to break at any time after month 12 subject to serving 3 months’ notice.
*Note 2 Unit 6 - The tenant has served a 26 Notice proposing a 5-year term at £15,000 per annum, break at year 3, commencing 6th October 2026.

Asset management opportunity to let the vacant areas and increase the rental income.
IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
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Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure: Freehold

EPC Rating: D

Administration Fee: 2.5% inc VAT of the purchase price, subject to a minimum of £2500 inc VAT, payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.