No longer on the market
This property is no longer on the market
MapCommercial development
Auction
Sold STC
Commercial development
Features and description
- Light ind/retail investment
- Popular nw town
- Excllent historical occupancy
- INCOME WHEN LET £51k
- Retirement sale
DESCRIPTION - * SOLD CLEVELEYS INVESTMENT OPPORTUNITY - LIGHT INDUSTRIAL/RETAIL - INCOME £55,231 PER ANNUM - A COMBINATION WORKSHOP/OFFICE & RETAIL WITH LAND/CAR PARKING. AUCTION 24-25 May 2023
An excellent investment opportunity which has only become available due to the proposed retirement of the owner/s.
A multi functional site comprising a mixture of Light Manufacture/Office & Retail plus Car Parking. The investment continues to prove popular with both established and emerging businesses.
A brief synopsis of the buildings is detailed below with limited information in order to preserve tenant harmony - All serious enquirers will be furnished with full information post viewing:
Fully Let Retail / Industrial & Office Investment With Parking – Producing £55,231 pa.
An excellent investment opportunity which has only become available due to the proposed retirement of the owner/s.
A multi-functional site comprising a mixture of Light Manufacture, Office & Retail Units totalling approximately 722 m2 / 7,773 sq.ft plus Car Parking
Briefly comprising as follows: -
1 St Georges Lane – mainly ground floor showroom with rear workshop and first floor offices, totalling approximately 288.2 m2 / 3,103 Sq.Ft. plus adjoining car park appx (0.19Acre)
St Georges House - Two Storey Unit Sub divided into 4 units.
Units 1 & 3 – 156.8 m2 / 1688 Sq Ft
Unit 2 – 70.6 m2 / 760 Sq Ft
Unit 4 – 72.8 m2 / 783 Sq Ft
Lynx House (17 St Georges Lane) - Two Storey Detached Warehouse / Offices appx 133.7 m2 / 1439 Sq Ft
Tenure: Freehold
Title number: LA911793
EXTERIOR:
Building 1 has a gated car park of appx 773 m2 (0.19 Acre)
Building 2 has a covered car park to the Rear with designated tenant parking spaces
TENANCIES
We are informed that the properties are currently let as follows: -
1 St Georges Lane –
Let to Mobility 2000 until April 2026 at a current rent of £26,500 pa (w.e.f. 1st May 2023)
NB a new 5-year lease has been verbally agreed with possible rental increase.
St Georges House -
Units 1 & 3 – let to Tower Gaming until 31st December 2024 at a current rent of £9,000 pa.
Unit 2 – let to private individuals t/as Munro Print until 31st December 2026 at a rent of £6,750 pa, next rent review 1st July 2024.
Unit 4 - let to private individual as art studio until 31st April 2024 at a rent of £4,713 pa.
Lynx House (17 St Georges Lane)
Let to private individuals (Electrical Contractors) until 31st December 2026 at a rent of £8,268 pa,
TOTAL RENTAL INCOME = £55,231 PA
SERVICES
All units are separately metered.
Tenure: Freehold
EPC Rating: C, C, D, C, E
Call for your free auction valuation
At the time of inspection all units were fully occupied..
An excellent investment opportunity which has only become available due to the proposed retirement of the owner/s.
A multi functional site comprising a mixture of Light Manufacture/Office & Retail plus Car Parking. The investment continues to prove popular with both established and emerging businesses.
A brief synopsis of the buildings is detailed below with limited information in order to preserve tenant harmony - All serious enquirers will be furnished with full information post viewing:
Fully Let Retail / Industrial & Office Investment With Parking – Producing £55,231 pa.
An excellent investment opportunity which has only become available due to the proposed retirement of the owner/s.
A multi-functional site comprising a mixture of Light Manufacture, Office & Retail Units totalling approximately 722 m2 / 7,773 sq.ft plus Car Parking
Briefly comprising as follows: -
1 St Georges Lane – mainly ground floor showroom with rear workshop and first floor offices, totalling approximately 288.2 m2 / 3,103 Sq.Ft. plus adjoining car park appx (0.19Acre)
St Georges House - Two Storey Unit Sub divided into 4 units.
Units 1 & 3 – 156.8 m2 / 1688 Sq Ft
Unit 2 – 70.6 m2 / 760 Sq Ft
Unit 4 – 72.8 m2 / 783 Sq Ft
Lynx House (17 St Georges Lane) - Two Storey Detached Warehouse / Offices appx 133.7 m2 / 1439 Sq Ft
Tenure: Freehold
Title number: LA911793
EXTERIOR:
Building 1 has a gated car park of appx 773 m2 (0.19 Acre)
Building 2 has a covered car park to the Rear with designated tenant parking spaces
TENANCIES
We are informed that the properties are currently let as follows: -
1 St Georges Lane –
Let to Mobility 2000 until April 2026 at a current rent of £26,500 pa (w.e.f. 1st May 2023)
NB a new 5-year lease has been verbally agreed with possible rental increase.
St Georges House -
Units 1 & 3 – let to Tower Gaming until 31st December 2024 at a current rent of £9,000 pa.
Unit 2 – let to private individuals t/as Munro Print until 31st December 2026 at a rent of £6,750 pa, next rent review 1st July 2024.
Unit 4 - let to private individual as art studio until 31st April 2024 at a rent of £4,713 pa.
Lynx House (17 St Georges Lane)
Let to private individuals (Electrical Contractors) until 31st December 2026 at a rent of £8,268 pa,
TOTAL RENTAL INCOME = £55,231 PA
SERVICES
All units are separately metered.
Tenure: Freehold
EPC Rating: C, C, D, C, E
Call for your free auction valuation
At the time of inspection all units were fully occupied..
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