Industrial for sale in Holmes Street, Burnley BB11

Offers in region of £495,000 (£14.95/sq. ft)
Industrial for sale 33,106 sq. ft*
Interested in this property? Call +44 1282 522991 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Four storey stone-built mill premises with a self-contained yard
  • Positioned in a predominantly residential location close to Townley Park
  • Substantial building extending to approximately 33,100 sq ft (3,075 sq m)
  • Potential redevelopment opportunity subject to obtaining vacant possession & stp
  • Currently generating a rent of approximately £42,000 per annum
  • Significant scope for reversionary rental growth
  • Total site area including yard & buildings extending to approximately 0.58 acres

Property description

Location


Pentridge Mill is located off Todmorden Road close to Townley Park, being approximately half a mile from Burnley Town Centre.

Other businesses in the immediate vicinity include a new Aldi Supermarket and James Hargreaves Plumbers Merchants.

The mill is located in a predominantly residential location and is within a 10 minute drive of junction 10 of the M65 motorway.


Description


A semi-detached four storey stone-built mill in a predominantly residential location close to Townley Park on the edge of Burnley Town Centre.

The mill has its accommodation arranged over four floors and is in need of significant improvement works. The property is of stone construction with a flat roof and a service yard providing loading and car parking.

The ground floor accommodation is split into two units one of which is accessed via two electric roller shutter doors whilst the other unit is accessed via a large timber door. Access to the upper floors is via a stone staircase which is located at the side of the building.

The building is currently occupied by a number of tenants and we have been informed generates a rent in the region of £42,000 per annum however this information has been supplied verbally by the vendor and has not been checked & verified by the selling agents.

The total site area including buildings and yard extend to approximately 0.58 acres and there is a mill chimney which we understand to be Grade II listed.


Accommodation


The accommodation has been measured on a gross internal basis and extends to the following approximate areas:


Description


Ground floor - 8,276.6 sq ft - 768.9 sq m
First floor - 8,276.6 sq ft - 768.9 sq m
Second Floor - 8,276.6 sq ft - 768.9 sq m
Third floor - 8,276.6 sq ft - 768.9 sq m
Single storey workshop (not inspected or measured)


Gia
- 33,106.4 sq ft - 3,075.6 sq m



Externally


There is a service yard providing off road car parking and loading.


Purchase price


Offers in the region of £495,000.


VAT


The price quoted is exclusive of VAT which may be payable at the prevailing rate.


Tenure


Understood to be freehold however this must be checked & verified by the purchasers prior to making any legal commitment.


Tenancies


The building is occupied by a number of tenants and we have been verbally informed generates a rent of approximately £42,000 per annum, however this information has not been checked or verified by the selling agents. The prospective purchaser and their solicitors must obtain evidence of this income from the vendor's solicitor prior to making a legal commitment.


Maintenance and buildings insurance


We understand the landlord maintains and insures the building and these costs are not recharged to the tenants.


Business rates


The site comprises of seven self-contained sections with a total combined rateable value of £28,412, a breakdown of each part can be provided on request.

Prospective purchasers must contact Burnley Borough Council to confirm their business rates liability prior to making any legal commitment.


Services


We understand the site has the benefit of three phase electricity, and water.


Services responsibility


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.


Planning


It is the prospective purchaser's responsibility to verify that their intended use is acceptable to the local planning authority.


Legal costs


Each party will be responsible for their own legal costs incurred in any transaction.


Viewing


For further information or to arrange a viewing please contact sole agents Whiteacres Property.


Subject to contract

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Whiteacres, BB11 on +44 1282 522991 * (local rate)

Contact Whiteacres about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Whiteacres, and do not constitute property particulars. Please contact Whiteacres for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

View all Holmes Street commercial properties for sale