Investment Under Offer
Unit 1, Phoenix Way, Burnley, Lancashire
£154,950
Under Offer
Key Details
Under Offer
2,320
Investment
Commercial For Sale
Property Description
An end of parade portal framed commercial property that has been used in association with a trade counter business for many years.
Internally the accommodation has an open plan reception / showroom area with counter, general office and private office. In addition there are male and female WC facilities and a kitchen area.
The remainder of the premises are used for warehouse and storage and are accessed via an electrically roller shutter door.
To the front of the property there is car parking for approximately 7 vehicles.
Location
The property is situated on the Smallshaw Trading Estate that is accessed off Pheonix Way which connects to Accrington Road (A679) with both junctions 9 and 10 of the M65 being within 1 mile of the site.
Accommodation/Site investigation
The accommodation has been measured on a gross internal basis and extends to the following approximate area:
2320 sq.ft (215.5 sq.m)
Services
We understand that the property has the benefit of all mains services, there is a gas heater, but this has been disconnected, but there is gas into the property.
Services responsibility
It is the prospective purchaser's responsibility to verify that all appliances, services and systems are in working order, and are of adequate capacity and suitable.
Planning
It is the prospective purchaser's responsibility to verify that the intended use is acceptable to the local planning authority.
Price/Rent
£154,950
Terms
The property is Let by way of a 10 year lease from the 30th June 2013 on a full repair and insuring term. The rent was subject to review on 30th June 2018 and the passing rent is £10,250 per annum.
The Landlord has approached the Tennant with a view to either obtaining vacant possession or renewal.
The Tenant Rexcel Uk Ltd have approximately 200 branches selling electrical and plumbing equipment and were established in 1967.
Legal costs
Each party is to be responsible for their own legal costs incurred.