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
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.
Contacts
Seller's Solicitors
Dentons UKMEA LLP 21 Station Road Watford WD17 1HT
