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438-442 Warrington Road, Glazebury, WA3 5NX

Industrial for sale

£345,000
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Total price
1731Sq Ft
Space

A detached workshop and secure yard. The property has recently been extended to provide further working space kitchen and toilet facilities. The main workshop incorporates mezzanine storage.

The building has rendered brick elevations.

Location

The property is located on the edge of the village of Glazebury in a prominent location fronting Warrington Road (A574) close to the intersection with the East Lancashire Road.

The building occupies a prominent location near to the roundabout access to Bents Garden Centre.

Accommodation

Gross Internal Areas:

Original Workshop 84.6 m 910 ft

First 76.3 m 821 ft

Total 160.9 m 1,731 ft

Tenancy

The property is leased to William K Sharratt for a term of 12 years from 3 August 2018 at a current rent of £24,000 per annum, subject to an upwards only rent review after 5 years and on tenant's full repairing and insuring terms.

Proposed Sale Price

We are instructed to ask £345,000 which reflects a net initial yield of 6.83% after purchasers costs of 3.70%.

Tenure

Freehold.

Legal Costs

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

Contact

For further information or to arrange a viewing please contact Morgan Williams, .

Malcolm Morgan

Joshua Morgan

Listed Features

  • Brick Elevation
  • Kitchen
  • Lounge Area
  • Multiple floors
  • Outdoor Space
  • Lift / Elevator
  • Storage
  • WC Facilities
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Morgan Williams Chartered Surveyors