15 Palmyra Square South, Warrington, WA1 1BL
Size
2,209
Tenure
Freehold
EPC
Parking
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- Primary use
- Traditional office
- Other use(s)
- Other
- Capacity
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- Desks
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No floor / site plan
Key features
- Heart of Cultural Quarter
- Rare Virtual Freehold
- Overlooking Queens Gardens
- Tenanted Investment Opportunity
- Fully Income Producing
- Large Rear Garden
- Potential for Vacant Possession
- Conversion Potential
Description
The main first floor office room is particularly appealing with views across Queens Gardens.
Close by is the Treasury Building, which has been tastefully converted into several ‘high end’ bars and restaurants, including San Lorenzo, Kookoo, Las Ramblas, Vandal and The Terrace, it also boasts function suites and private dining experiences.
On the assumption that vacant possession could be gained, we consider the property would be suitable for owner occupiers as offices or alternatively leisure or food and drink establishments, subject to planning, in this highly sought after location.
The current property status is Tenanted, with an established bridal wear operator business in occupancy. The current passing rent is only £18,000 per annum and there are 7 years remaining of their 10 year Lease, with an upward only rent review in April 2028.
The property is prominently located on Palmyra Square overlooking Queens Gardens, within the upmarket leisure and food and drink sector of the Cultural Quarter.
Surrounding properties are bar/restaurants, theatres and professional organisations. The Parr Hall, Treasury Building and Pyramid Centre are along this road.
All mains services are available.
Rateable Value: £18,750.
£300,000 plus VAT. TOGC may be applicable.
The property is held Long Leasehold for a term of 845 years from 26 April 1905.
We are advised that VAT is applicable to the above sale price.
The whole property is let by way of a 10 year FR&I Lease from 6 April 2023, no breaks, with a rent review on 6 April 2028 at £18,000 per annum.
- Service charge
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- Business rates
- £9,356
- Use class
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- Listed building
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- Floors in building
- 1
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
15 Palmyra Square South, Warrington, WA1 1BL
About Morgan Williams Commercial LLP, Warrington
As one of the longest established and best known professional Chartered Surveyors and Commercial Estate Agents in Warrington, we take pride in offering a quality service throughout Warrington, Leigh, Cheshire, Merseyside and surrounding areas.
Morgan Williams Chartered Surveyors has built a reputation of providing quality service to a growing client base of corporate, local authority and private customers. We can advise on various aspects of commercial property. In addition to sales, lettings and investments, we offer advice on landlord and tenant matters, valuation, compulsory purchase, rating appeals and development.
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Disclaimer - Property reference 371128-1. 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 Morgan Williams Commercial LLP, Warrington. 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.