Newspaper House Churchgate Bolton Greater Manchester BL1 1HL

Newspaper House
Churchgate
Bolton
Greater Manchester
BL1 1HL

Freehold Town Centre Office Investment

  • Established office location within the town centre including car parking
  • Flexible open plan office accommodation totalling 2,334.15 sq m (25,130 sq ft)
  • Third floor let to Northwood & Wepa Limited
  • Currently Producing £30,000 p.a.x. with 18,866 sq ft to be let
  • Residential redevelopment potential (subject to consents)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    50
  • Auction
    11th February 2016
  • Rent
    £30,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £902,000
  • Sector
    Office
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Town Centre Office Investment

  • Established office location within the town centre including car parking
  • Flexible open plan office accommodation totalling 2,334.15 sq m (25,130 sq ft)
  • Third floor let to Northwood & Wepa Limited
  • Currently Producing £30,000 p.a.x. with 18,866 sq ft to be let
  • Residential redevelopment potential (subject to consents)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 50
  • Auction 11th February 2016
  • Rent
  • Status Sold
  • Price £902,000
  • Sector
    Office
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
12 miles north-west of Manchester, 13 miles south of Blackburn, 30 miles north-east of Liverpool
Roads
A666, A676, A58, M61 (Junction 5)
Rail
Bolton Railway Station
Air
Manchester International Airport
Situation

The property is prominently situated in the heart of Bolton town centre on the south side of Churchgate at is junction Paley Street and Silverwell Street ½ mile north of the town’s railway station. The property is a short distance from the pedestrianised retailing centre and Crompton Place Shopping Centre which houses occupiers including Primark, Boots the Chemist, New Look and BHS.

Tenure

Freehold.

Location
Miles
12 miles north-west of Manchester, 13 miles south of Blackburn, 30 miles north-east of Liverpool
Roads
A666, A676, A58, M61 (Junction 5)
Rail
Bolton Railway Station
Air
Manchester International Airport
Situation

The property is prominently situated in the heart of Bolton town centre on the south side of Churchgate at is junction Paley Street and Silverwell Street ½ mile north of the town’s railway station. The property is a short distance from the pedestrianised retailing centre and Crompton Place Shopping Centre which houses occupiers including Primark, Boots the Chemist, New Look and BHS.

Tenure

Freehold.

Description

The property comprises a substantial four storey office building totalling approximately 2,331.28 sq m (25,130 sq ft) of well configured open plan office accommodation. The property benefits from a common reception, suspended ceilings, perimeter trunking, LG7 lighting, passenger lift and 7 on-site car parking spaces.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a substantial four storey office building totalling approximately 2,331.28 sq m (25,130 sq ft) of well configured open plan office accommodation. The property benefits from a common reception, suspended ceilings, perimeter trunking, LG7 lighting, passenger lift and 7 on-site car parking spaces.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Ground
First
Second
Office
Office
Office
574.50 sq m
590.01 sq m
590.01 sq m
(6,184 sq ft)
(6,351 sq ft)
(6,351 sq ft)
VACANT POSSESSION (1)      
Third Office &
2 Parking Spaces
580.07 sq m
(6,244 sq ft)
NORTHWOOD & WEPA LTD (2) 6 years from 13/11/2013 £30,000 12/11/2019
Totals  
2,334.59 sq m
(25,130 sq ft)
    £30,000

(1) A storage licence was in place until recently to Knight Frank LLP over ground, first and second floors. For further details please refer to the auctioneers and the legal pack.
(2) For the year ending 31st December 2014, Northwood & Wepa Limited reported a turnover of £49,718,000, pre-tax profits of £4,857,000 and a total net worth of £30,256,000. (Source: Experian Group 13/01/2016)
(3) The lease provides for a tenant option to determine on 13th November 2016 on no less than 6 months’ notice.

Property Documents

  • Site Plan
    Updated Date
    30.10.19
    File Size
    74 KB
    View PDF
  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Dentons UKMEA LLP 21 Station Road
Watford
WD17 1HT
Matthew Hind 020 7842 3311matthew.hind@dentons.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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