Investment opportunity for sale in Darwen

This property is marketed by:
Taylor Weaver

Key Features:

• Highly Prominent Trade Counter Investment Opportunity 10,000 sq.ft
• Visible to the M65 motorway & next to Junction 4
• Self contained site
• Quality tenant with long term income

Location

The property is situated at the junction of Paul Rink Way, Greenbank Terrace and Lower Eccleshill Road in an established commercial area to the South of Blackburn adjacent to junction 4 of the M65 motorway.

Occupiers in the vicinity include Brewers Fayre/Premier Inn, Bestway Cash & Carry, Canopies UK, Screwfix, ARCO, Soliman Commercial and Wheelbase Engineering.

The M65 links with the M6 and M61 to the South of Preston which is approximately 8 miles to the West.

Description

A brand new unit which will be constructed during 2023 to a high specification to include the following:

• Steel portal frame construction
• Eaves height 7 metres
• Solid concrete floor
• Electric sectional up and over doors

Externally there will be a substantial self contained yard area with parking and loading areas.

Accommodation

The building will be constructed to provide approximately 10,000 sq.ft. The final gross internal area to be agreed on practical completion.

Price

£1.5 million

Tenure

Understood to be freehold

Rating

The property will require assessment upon occupation.

EPC

An EPC will be available on practical completion

Planning

The property has planning consent for a trade counter unit.

VAT

All figures are subject to VAT at the prevailing rate.

Services

It is understood that all mains services, with the exception of gas will be available to the unit.

Money Laundering Regulations

Please note we are now required to carry out customer due-diligence on all purchasers once an offer is accepted whereby we are required to obtain proof of identity and address of the prospective purchaser. On receipt of the information we will undertake an anti money laundering check via Smart Search.

Forward Funding

There is the opportunity for the investment to be forward funded via a land purchase and development agreement. Further details upon request.

Lease Details

An agreement for lease is in place for Howdens Joinery and Properties Limited (Company Number: 05656171), to enter into a new 15 year lease with 5 yearly rent reviews at a rent £75,000 pa.

The lease will incorporate a tenant only on condition of break at the end of year 10, subject to 6 months written notice.

The lease will be drawn up on a full repairing and insuring basis.

Documents

Copies of the following documents are available upon request:

• Full plans

• Agreement for lease

• Specification

• Full warranties will be provided upon completion.