The subject property is located on Derby Street (A579) on the fringes of Bolton town centre in an area dominated to the north, around College Way, Derby Street and Deane Road, by Boltons Education Quarter including numerous buildings belonging to the University of Bolton such as Bolton One, together with Bolton College and Bolton Sixth Form College.
This area of Derby Street is a very popular and diverse mixed use retailing/residential location at the property itself sits opposite Lidl Supermarket.
Comprising an extensive terrace of mixed use pavement fronted, two storey retail shops of traditional construction, one of which was a former Public House (181-183) with the remainder being a converted club premises. The buildings have been subsequently extended and are set beneath a mix of pitched and flat, tiled, slated, felt and profile clad roof coverings.
Internally, the premises provide for, as previously mentioned, 7 shops, one of which is a restaurant and all of which vary in size and use, including a builders, a letting agents, a furniture shop, a print shop and a beauty salon.
To the rear of the property there is a large surfaced private car park, which is shared by the individual occupiers.
Existing floor plans are available on request. We also have available, plans for potential conversion of the upper floor to studio flats, together with the addition of a further storey. Pre-Application discussions with Bolton Metropolitan Borough Council have taken place with a positive initial response.
In accordance with the RICS Property Measurement (1st Edition), we have calculated the following approximate Net Internal Areas:
Shop 1: Ground floor—181 201 sq m (2,163 sq ft)
Shop 2: Ground floor—183 78 sq m (840 sq ft)
Shop 3: Ground floor—187a 86 sq m (925 sq ft)
Shop 4: Ground floor—187b 91 sq m (980 sq ft)
Shop 5: Ground floor—187 193 sq m (2,077 sq ft)
Shop 6: Ground floor—189a 74 sq m (796 sq ft)
Shop 7: Ground floor & first floor 153 sq m (1,646 sq ft)
Ground floor lobby: 34 sq m (366 sq ft)
First floor flat—181a 170 sq m (1,830 sq ft)
First floor offices/stores 498 sq m (5,360 sq ft)
Total: 1,578 sq m (16,986 sq ft)
Excluding basement: 260 sq m (2,799 sq ft)
The total site area, scaled using Promap is: 16,684.06 sq ft (0.38 acres)
Afghan Cuisine—181 £9,300 Rateable Value (2017 list)
Butchers shop—183 £8,100 Rateable Value (2017 list)
Print shop—187a £8,500 Rateable Value (2017 list)
Fashion shop—187b £7,500 Rateable Value (2017 list)
Furniture shop—187 £12,000 Rateable Value (2017 list)
Estate/Letting Agent—189a £6,900 Rateable Value (2017 list)
Beauty Salon (inc first floor) - 189b £8,800 Rateable Value (2017 list)
Office/stores £10,500 Rateable Value (2017 list)
We understand each shop benefits from water, electricity and mains drainage, 181 Derby Street (restaurant) and flat benefit from a gas supply. Each shop unit is individually metered for electric. 181 Derby Street has its own supplies separate to the parade of shops. Please note that Lamb & Swift Commercial have not tested any of the service installations or appliances connected to the property.
First floor flat (181a Derby Street) has a Council Tax Band “A”. The annual charge for 2018/2019 is £1,130.67 (payable by the Tenant).
Please see overleaf. All shops are let on internal repairing leases only.
Price on Application.
VAT may be applicable, and if so, we would expect the transaction to be treated as a Transfer of a Going Concern (togc).
Full copies of the epc’s are available upon request.
Each party to be responsible for their own legal costs involved in the transaction.
Strictly by appointment with sole agents, lamb & swift commercial.
Contact: Daniel Westwell or Andrew Kerr