23 Mawdsley Street, Bolton, BL1 1LL

Location

The property is located prominently upon Mawdsley Street within the heart of Bolton Town Centre. Access to the property can be gained from both Mawdsley Street and Chancery Lane, direct from Nelson Square. Nelson Square is a popular and established location, surrounded by bars, nightclubs, cafes and restaurants.

Nelson Square and Mawdsley Street make up one of the main thoroughfares leading to the Town Hall Square and Crompton Place Shopping Centre (due for extensive re-development). Bolton is well served by mainline train stations that run regular and direct services to and from Manchester.

The majority of the local property in the vicinity is commercial in nature, with a handful of student apartment and residential schemes nearby, including key developments such as 58 town houses at St Georges Road/Bark Street and 218 apartments and town houses at Moor Lane.

Description

The property comprises a substantial three/four storey mid-terrace property which has been internally altered and in recent years, been utilised as a licensed political social club and most recently, a licensed nightclub.

Access to the property can be gained from both Mawdsley Street and Chancery Lane (via Nelson Square). Internally, the accommodation is arranged over a number of floors, plus basement. There is a main staircase from the Chancery Lane entrance, providing access to each floor.

The second floor has WC facilities, together with offices and storage rooms.

The accommodation is generally open-plan (or where cellular in configuration, is capable of being reconfigured) to suit a range of uses and occupiers. There is ladies and gents WC facilities on the first floor, together with a number of offices.

There is a roof-terrace smoking area on the fourth floor.

Services

The mains services connected to the property include water supply, gas supply, electricity supply and of course, mains drainage.

Please note that Turner Westwell Commercial Agents have not tested any of the service installations or appliances connected to the property.

Lease Terms

Available by way of a new Tenant's Full Repairing and Insuring lease for a term of years to be agreed. Incentives are available, subject to Tenant status.

Rental/May Sell

Rental - £37,500 per annum, exclusive.

Sale Price - Offers in the Region of £375,000 per annum, exclusive.

VAT

VAT is not applicable.

Anti-Money Laundering (AML)

In accordance with the Criminal Finances Act 2017 and the regulations set by HMRC and RICS, Turner Westwell Commercial Agents must perform AML due diligence for all clients, as well as for buyers and tenants involved in any transaction. This means we will need to gather personal, detailed financial and corporate information before we can finalise any transaction.

Planning

Sui-Generis (Nightclub & Premises). The property may suit other uses, or conversation, subject to planning permission. Interested parties are advised to make their own enquiries with the Local Planning Authority (Bolton Council).

Legal Costs

Each party are to be responsible for their own legal costs involved in the transaction.

EPC

The property has an current Energy Efficiency Rating of D(87). The certificate is valid until 27th November 2029. A full copy of the Report is available upon request.

Viewings

Strictly by appointment with the sole agents TURNER WESTWELL COMMERCIAL AGENTS.