The property is situated on Taylor Holme Industrial Estate which is located off Baldwin Street close to the centre of Stacksteads in the Borough of Rossendale.
The property is located close to Bacup Shoe Company, Rossendale Interiors and the J & J Ormerod Group.
The property is located within a 10 minute drive of the A56 within a short drive of the National Motorway Network.
An industrial complex comprising of a detached portal frame warehouse, secure compound and a separate car park. The property has been occupied by a fabrication company specialising in the manufacture of airport trailers for many years.
The main building comprises of a double bay portal frame warehouse with two loading doors, gas space heating, three phase electricity, two storey glazed offices including a modern reception and a secure gated service yard. Directly opposite the main site is a secure compound providing additional external storage and a private car park for approximately 25 - 30 vehicles.
The property is to be sold as an investment with sps Viking Limited taking a new lease for a 10 year term inside the protection of the 1954 Landlord & Tenant Act at an annual rent of £108,000.
The premises is located within walking distance of Stacksteads Centre and within a 10 minute drive of the A56 & the National Motorway Network.
The property has been measured on a gross internal basis including toilets, kitchens & corridors and a full break down of the approximate measurements have been detailed below;
Main bay - 15,648.6 sq ft - 1,453.8 sq m
Bay two - 12,332.5 sq ft - 1,144.8 sq m
Ground floor reception, canteen and stores - 2,312.1 sq ft - 214.8 sq m
First floor offices, toilets and kitchen - 2,312.1 sq ft - 214.8 sq m
Secure compound and private car park.
Gia - 32,605.3 sq ft - 3,028.2 sq m
The sale is subject to a tenancy being granted to sps Viking Limited at a rent of £108,000 per annum.
The tenants have traded from the site for many years and are looking for a new lease for a minimum term of 10 years to be included within the protection of the 1954 Landlord & Tenant Act.
£1,350,000 (one million three hundred and fifty thousand pounds) which represents a yield of 8% before purchasing costs.
The price quoted is exclusive of VAT which may be payable at the prevailing rate.
We understand the land and buildings are leasehold for a term of 125 years from the 1st of March 1989 at a peppercorn ground rent.
The site comprises of two rateable values which we have detailed below for your information;
The main building - £46,250.
Additional land - £3,800.
Prospective purchasers must contact Rossendale Borough Council to confirm their business rates liability prior to making any legal commitment.
We understand the site has the benefit of three phase electricity, gas and water.
It is the prospective purchaser's responsibility to verify that all services and appliances are in working order and are of suitable purpose being adequate for their needs.
The site has been used for manufacturing for a number of years however the prospective purchaser must check and verify the building has the necessary planning consent for their proposed use prior to making any legal commitment.
A copy of the relevant EPC is available on request.
Each party will be responsible for their own legal costs incurred in any transaction.
For further information or to arrange a viewing please contact Whiteacres Property Limited.