Investment - Railway House, Railway Road, Chorley, Lancashire
Size
6,478
Tenure
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EPC
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Parking
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- Primary use
- Other
- Other use(s)
- Traditional office
No floor / site plan
Key features
- Multi Let business Centre For Sale
- Net rental income of £58,346 per annum.
- £650,000 / 8.62% NIY
- Total net internal area 6,478 sq ft
- Asset management potential
Description
Ailway House occupies a convenient position on Railway Road, close to Chorley town centre and approximately one mile from Junction 8 of the M61 motorway, providing excellent access to the wider North West motorway network.
The property is situated on the fringe of the town centre within a predominantly residential area and benefits from a substantial on-site car park, offering ample parking for occupiers and visitors alike.
Description
The property comprises a modern, purpose-built two-storey office building producing a net rent of £58,346 per annum.
It has been subdivided into a range of smaller suites, currently occupied by multiple tenants on a variety of lease terms (a full tenancy schedule is available upon request).
The building benefits from a large on-site car park, and occupiers have access to shared amenities including WC facilities, a meeting room, kitchen, and reception area.
Accommodation Text
The property extends to a total net internal area of 6,478 sq ft.
A detailed breakdown of the individual suite sizes is provided within the tenancy schedule.
Services
All mains services are connected to the property. Utility costs are met by the landlord and recovered from the occupiers through a utility levy of £2.00 per sq ft.
EPC
The property has an EPC rating of D. Copy of certificate available on request.
VAT
VAT is applicable to the transaction. However, it is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC), subject to the purchaser satisfying the relevant HMRC requirements. Further information is available upon request.
Lease Terms
The building is let to a number of different tenants on varying lease terms, producing a combined net rental of £58,346 per annum.
The gross rental received (inclusive of service charge and building insurance) is £77,103 per annum.
A full tenancy schedule is available on request.
Legal Costs
Each party is responsible for their own legal costs
Viewing Detail
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Taylor Weaver
(James Taylor)
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- Environmental description
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Brochure
Investment - Railway House, Railway Road, Chorley, Lancashire
About Taylor Weaver Limited, England
On the 1st October 1999 Alex Taylor and Neil Weaver formed a new partnership called Taylor Weaver dealing with all types of commercial property matters throughout Lancashire. The business was incorporated in 2002.
Now established as one of the leading firms of commercial property surveyors in Lancashire, Taylor Weaver offer expert, cost effective property advice for a variety of clients who have recognised the excellent level of service offered by Taylor Weaver. In 2015 a new office was opened in Chorley to give complete coverage across Lancashire and Greater Manchester.
Taylor Weaver are panel valuers for a number of major banks and pension trustees, including Handelsbanken, Yorkshire Bank, James Hay Pension Fund, Mattioli Woods and AJ Bell Trustees Ltd.
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Disclaimer - Property reference 1141FH. 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 Taylor Weaver Limited, England. 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.