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Units at, Bentwood Road, Haslingden, Rossendale, Lancashire BB4 5HH

Guide Price
£2,100,000

Business rates & charges may apply

Auction House North West, Commercial
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SECTOR

Commercial property for sale

Key features

  • Industrial Investment Opportunity Producing £230,000 pax
  • Net yield is 10.3%
  • Cap val c£56.74 per sq.ft.
  • 10 Year Lease From 2025

Description

Online Auction - 16th to 17th May 2026

Industrial Investment Opportunity – Producing £230,000 pax

Flexipol Limited occupy 5 adjoining industrial units providing a gross internal floor area of 37,012 sq.ft.

The buildings were on the whole constructed in the mid to late 1980's when the estate has Enterprise Zone status. A modern high bay extension and link building have been added in recent years.

The various buildings are predominantly of steel portal frame construction with insulated profile clad walls and roof which incorporates clear roof panels. The eaves height in most of the units is approximately 5.4 metres.

They benefit from several roller shutter doors, with office and amenity space throughout.

The units are situated within an attractive landscaped environment accessed of both Bentwood Road and Underbank Way

It should be noted that 2 neighbouring units share the loading and parking area to the front of all the units, however these are excluded from the sale and have been sold to third party landlords/vendors. See plan

Tenure: freehold
Title number: LA830150
Local Authority: Rossendale

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

Lease Terms The original lease was renewed and now comprises a lease from 5th June 2025 for a period of 10 years. It is held on a full repairing basis.

The rent is £230,000 pa.

The lease incorporates tenant break dates in June 2028 & June 2031 with 6 months’ notice. There is a rent review in June 2030.

We have been informed that the 2028 break clause will not be exercised. All interested parties are to satisfy themselves in this regard.

The tenant is Flexipol Packaging Limited Company number 02963868. They reported a turnover £43.2m up to March 2025 and a net worth of £7.5m and EBITDA of £2.1m.

The tenants have been in the current premises for approximately 30 years and also have (smaller) sites in Dunstable and Hull.
Accommodation (approx. GIA) Unit 1 Ground Floor Workshop - 5,836 Sq. ft
Unit 2 Ground Floor Workshop - 5,454 Sq. ft
Link Building Ground Floor Workshop - 2,787 Sq. ft
Units 14/14A Ground Floor Offices/Ancillary - 676 Sq. ft
Workshop - 10,395 Sq. ft
Extension (not inspected) - 1,200 sq.ft (approx)
First Floor Canteen/Ancillary - 676 sq.ft
Units 3C & 3D Ground Floor Offices/Reception - 1,440 sq.ft
Warehouse 1 (3C) - 2,369 sq.ft
Warehouse 2 (3D) - 4,739 sq.ft
First Floor Offices - 1,440 sq.ft

Total 37,012 sq.ft. / 3,438.5 m2
VAT To be confirmed but the sale is expected to be proceed by way of a TOGC and therefore no VAT will be applicable to eligible parties
Investment Return Based on the guide price of £2.1m the net yield is 10.3% when allowing for acquisition costs
A purchase at the guide price equates to £56.74 per sq.ft. capital value.
Planning The property is currently used for industrial purposes.
Location The various properties are situated on Bentwood Road on the popular Carrs Industrial Estate on the edge of Haslingden.

This is an established industrial/business location with easy access to the national motorway network via the A56(Haslingden Bypass) which links to the M65 motorway to the North and the M66/M60/M62 motorways, to the South.

Established occupiers on the estate include TNT, Powder Coatings Northern and Foremost Furniture.
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.
ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure: Freehold

EPC Rating: Unit 1- D (78) Unit 2 C (51) Unit 3 B (48) Unit 14-B (43)

Administration Fee: 2.75% inc VAT of the purchase price, subject to a minimum of £2750 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.

Units at, Bentwood Road, Haslingden, Rossendale, Lancashire BB4 5HH

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Accrington Station3.6 miles
  • Church & Ostwaldwistle Station3.9 miles
  • Huncoat Station4.6 miles

About Auction House North West, Commercial

14 St Mary's Parsonage, Manchester, M3 2DF

At Auction House North West we sell from a diverse catalogue, offering specialist advice both in the residential and commercial sectors. We provide unrivalled coverage of the North West region with active offices in both Manchester City Centre and Preston.

The creation of 'Auction House North West' is testament to the direct demands of North West Investors, who are constantly seeking speedy and transparent options to both purchase stock and dispose of their existing property portfolios, by marketing to the right clientele with the minimum of fuss. All under the guidance of specialist property auction experts.

Auction House North West combines commercial and residential lots from Greater Manchester, Merseyside, and Lancashire into one substantial catalogue and vibrant auction, serving the whole of the North West.

Notes

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Disclaimer - Property reference 202604291444sq_3gaf. 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 Auction House North West, Commercial. 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.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House North West, Commercial on 0161 524 6307.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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