Key Details

Property Description

The property comprises of a series of connected but self contained commercial buildings. Fully occupied by a total of SIX companies the two largest of which have been in occupation for several years.

Each unit is self contained with separate access and yardage or parking where appropriate. The premises are set in landscaped grounds with a secure gated access from both Southfield Street and Moore Street.

The main roof to the 3 storey section was replaced approximately 18 months ago. There is a modern profile roof finish to the main warehouse and a recently renewed roof to the front section occupied by Accrued Plastics. There is a Northlight roof to the leased portion of Aspire.

TENANCIES
Accrued Plastics
5 year lease with break clause in year 3. The lease to be completed concurrent with the acquisition of the investment.

Aspire UK Interiors Ltd
5 year lease from 8th June 2021

Unit A - Clearly Interiors Ltd
3 year lease from 12th May 2021

Unit B - Agenda Box and Packaging Ltd
5 year lease from 1st November 2020

Unit C - GDS (uk) Garage Doors Ltd
2 year lease from 22nd February 2021

Unit D
Proposed 5 Year lease with break in year 3.Terms Previously agreed.

Gross Income on full occupancy £169,783 p.a

A full breakdown of the rentals in available upon request.

The Leases area all internal repairing with the exception of Unit B, which is FRI . The Landlord recharges the Buildings Insurance.




Location

Valley Mills is situated just off Southfield Street on the outskirts of Nelson in an established commercial district close to a number of substantial companies including The Sovereign Group, Farmhouse Biscuits, Pendle Engineering and Giatalia International. Southfield Street is approximately 1 mile from Nelson Town Centre and its amenities and a similar distance to junction 12 of the M65 which links with the M6 and M61 just south of Preston and via the M66 to Manchester some 30 miles to the west.


Accommodation/Site investigation

The property extends to approximately 76,430 sq.ft (7,100.3 sq. m) gross internal area.


Services responsibility

Each unit is a sub metered. There are mains Gas, Water and Electricity supplies. There is a charge of £1,200 per annum paid to North West Electricity fro servicing the high voltage electricity supply.


Planning

It is the prospective Purchaser's responsibility to verify that the tenants have the appropriate planning consent.


Price/Rent

Price on application

Legal costs

Each party is responsible for their own legal costs.

• Location