Office for sale

Marcus Street, Birkenhead CH41

The Foundry, Marcus Street, Birkenhead, CH41 1EU

Substantial Commercial Investment Opportunity | Approx. 16,713 Sq Ft | Multi-Let Business Centre | Office & Industrial Accommodation | Existing Rental Income | Parking

An excellent opportunity to acquire The Foundry, a substantial and established commercial premises situated on Marcus Street, Birkenhead. Arranged over three floors and extending to approximately 1,552.8 sq m (16,713 sq ft) in total, the property provides an extensive and highly versatile combination of office, industrial and communal accommodation, with a number of units already occupied and generating rental income for the current owner.

The property has been configured as a multi-occupancy business centre, providing numerous individual office suites of varying sizes across the building. This flexible arrangement allows accommodation to be let to multiple businesses independently, creating an attractive proposition for investors seeking a commercial asset with an established income stream and the potential to maximise returns through future occupancy.

The ground floor extends to approximately 517.6 sq m (5,571 sq ft) and provides a particularly versatile mix of accommodation. A major feature is the inclusion of three substantial industrial units, complemented by a selection of individual offices, a reception/communal area, meeting space and ancillary accommodation.

The first floor, also approximately 517.6 sq m (5,571 sq ft), provides further office accommodation alongside substantial additional areas which offer flexibility for a variety of commercial uses, subject to any necessary permissions and requirements.

The second floor provides a further approximately 517.6 sq m (5,571 sq ft) and is predominantly arranged as an extensive collection of individual office suites, positioned around central communal circulation areas. This layout is particularly well suited to the property's established multi-let business-centre model.

Importantly, a number of the units are already rented and producing income for the current owner, allowing an incoming purchaser to acquire an established commercial investment rather than a completely vacant premises. The number and variety of individual spaces also provide the opportunity for rental income to be spread across multiple occupiers.

The property further benefits from a reception area, communal areas and off-road parking, providing practical facilities for occupiers, employees and visitors.

Investment Highlights

• Substantial three-storey commercial premises
  
• Approximately 1,552.8 sq m / 16,713 sq ft indicated total floor area
  
• Approximately 5,571 sq ft per floor
  
• Established multi-let business centre
  
• Extensive range of individual office suites
  
• Three industrial units situated on the ground floor
  
• Existing tenants generating rental income
  
• Opportunity to increase income through occupancy of available accommodation
  
• Professional reception and communal areas
  
• Meeting/conference space
  
• Flexible accommodation suitable for a variety of commercial occupiers
  
• Off-road parking
  
• Established commercial location in Birkenhead
  
• Convenient access to the wider Wirral and Liverpool

• Excellent opportunity for an investor, owner-occupier or commercial property company
  

Investment Opportunity

The Foundry represents an exciting opportunity to acquire a substantial income-producing commercial asset with significant scale and flexibility With approximately 16,713 sq ft of accommodation, an established mixture of offices and industrial units, existing occupiers and the ability to accommodate numerous independent businesses, the property offers an attractive platform from which an investor could potentially further develop and maximise rental income.

Its combination of existing income, multiple letting opportunities, extensive floor space, industrial accommodation and parking makes The Foundry particularly well suited to investors looking for a sizeable multi-let commercial property within the Wirral.

Viewing is highly recommended to fully appreciate the scale, versatility and investment potential of the accommodation on offer.

All floor areas are approximate and have been taken from the supplied indicative floorplan, which is stated to be not to scale and for illustrative purposes only. Existing tenancy arrangements, rental income, lease terms, occupancy, business rates, planning/use class and tenure should be independently verified by prospective purchasers.

Rental Income & Tenancy Information
The property already benefits from a substantial existing rental income, with further potential through the letting of the currently vacant accommodation.

Current Occupied Units

• Annual rental income: £80,400
  
• Annual service charges: £7,212
  
• Total current annual income: £87,612
  

Currently Unoccupied Units – Potential Income

• Potential annual rent: £42,180
  
• Potential annual service charges: £4,218
  
• Total potential additional annual income: £46,398
  

Maximum Occupancy / Potential Total Income

• Total annual rental income: £122,580
  
• Total annual service charges: £11,430
• Potential total annual income at full occupancy: £134,010
  

Tenancy Terms
Tenancies are generally offered on an initial 12-month agreement, thereafter continuing on a monthly rolling basis, with one month's notice required by either party.

The property benefits from an established tenant base, with the majority of existing occupiers being long-standing tenants, providing an attractive level of continuity for an incoming investor.

Investment Summary: The Foundry is currently producing £87,612 per annum including service charges, with the potential to increase to approximately £134,010 per annum at full occupancy, representing an additional potential income of £46,398 per annum from the currently vacant accommodation.

Rental and service charge figures supplied by the vendor and should be verified as part of the purchaser's due diligence.

Auctioneers Comments This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.

Disclaimer

Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate.

Money Laundering Regulations

Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £82.50 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.