Retail premises for sale in 31-33 & 31A Lovely Lane, Warrington, Cheshire WA5

£300,000 (£106.01/sq. ft)
Retail premises for sale 2,830 sq. ft*
Interested in this property? Call +44 1925 916968 * or Request Details

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

Property features

  • Development Opportunity
  • Untapped Potential
  • Substantial Property
  • Extended to Rear

Property description

We are pleased to offer for sale a substantially extended retail property with separately accessed tenanted flat.

The property has been owned and occupied as a carpet and flooring showroom for many years, by a local family business.

In our opinion the property offers significant development potential and could be converted into numerous separate units, most suitably 2 no. Individual retail units to the front and an arrangement of separately accessed flats, subject to planning.

Currently the first floor above 31 comprises a tenanted flat with independent access from the front. The first floor above 33 could be readily converted into a flat, although a separate access will need to be created. The remaining ground floor accommodation is used for retail and storage purposes by the current owner and the extended rear section could be separated into further units, with access from the rear, subject to planning.

Location
The property is prominently positioned fronting the A574 Lovely Lane, close to the roundabout junction with the A57 Sankey Way.

Surrounding occupiers are predominantly retailers fronting Lovely Lane and there is a McColls Convenience store at the end of the opposite terrace.

Accommodation
Net Internal Area
Ground: 224.6 m 2,418 ft
First (above 33): 42.5 m 455 ft
Total: 266.9 m 2,873 ft

The first floor above 31 is the tenanted flat, the size of this has not been included in the above measurement.

Services
Mains electricity, water and drainage are connected.

Rates
Rateable Value: £15,150.
Rates Payable 2021/22: £7,559.85.

31A is subject to Council Tax payments.

Should the space above 33 be converted into a flat, this will be liable for Council Tax payments, the same as 31A.

Asking Price
£300,000.

Tenure
Long Leasehold for a term of 999 years from 2 February 1870.


VAT


We understand that the property is not elected for VAT, however, for the avoidance of doubt the above asking price is quoted exclusive off VAT.

Legal Costs
Each party to be responsible for their own legal costs incurred in this transaction.

Contact: Rob Bates

Property info

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

Arrange Viewing

For more information about this property, please contact
Morgan Williams, WA2 on +44 1925 916968 * (local rate)

Contact Morgan Williams 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 Morgan Williams, and do not constitute property particulars. Please contact Morgan Williams 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.

Properties on the market nearby

14 more properties like this

View all Lovely Lane commercial properties for sale