Bold Business Estate, Bold Lane, Bold, St Helens

Highly reversionary multi let Business Estate arranged over three buildings totalling 37,502 sq ft set within 4.13 acres of land.

• The property is currently let producing gross income £352,500.04 pa with a gross ERV of £492,252 pa
• Running costs £110,000 pa which can be significantly reduced by adopting a local management team
• The property therefore produces a net income of £242,500.04 pa of which £100,000 pa is secured against M&Y on a renewed lease
• Potential to increase income further through letting of vacant suites and potentially introducing additional units / hardstanding
areas to the front of the site
• 8,611 sq ft of 1st floor accommodation that has been fully refurbished with new goods lift access. Potential for offices, workshops or selfstorage
• Site offers longer term potential (STP) for residential uses

We are instructed to seek offers in-excess of £2,400,000 (Two Million, Four Hundred Thousand Pounds) which reflects a highly attractive net yield of 9.5% and a highly reversionary net yield of 14.84% (based upon our view of ERV, assuming standard purchase costs of 6.36%).
This reflects a low capital value of only £63.99 psf and a potential reversionary yield of 17.88% assuming implementation of the self-storage at only £15psf.