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Town Centre Investment For Sale , 10-22 Mealhouse Lane, Bolton, BL1 1DD

17,643 Sq Ft / Land / Serviced Office

For Sale - £550,000.00

Withdrawn - Last updated: 19 July 2019

The property comprises an attractive, substantial period building with four retail units at ground floor level and separately accessed upper floors which are currently in shell condition with existing planning consent for 10 apartments (six 2-beds, two 1-beds and two studios) - Planning Reference 94782-15.

The property is held long leasehold from 29 September 2017 expiring 29 September 2111 (93 years remaining) at a passing ground rent of £18,929.46 per annum. There are rent reviews every 5 years.
( Agency Pilot Software Ref: 649 )

Location

The property is situated in a prime Town Centre position on Mealhouse Lane which is the pedestrianised high street between Deansgate and Crompton Place Shopping Centre. All major national retailers are within close proximity including Marks & Spencer, Wilkinsons, Boots, Waterstones etc. The entrance to Crompton Place Shopping Centre is within close proximity. This shopping centre has recently been bought by Bolton Council and forms part of the Town Centre masterplan which includes a £1billion blue print overseen by the Local Authority to regenerate the Town Centre.

Accommodation

12 Mealhouse Lane (Retail Unit) Vacant Ground Floor-  146.17m2 Basement 59.1m2 Total 205.27m2 (2,210ft) net internal

14-16 Mealhouse Lane (Retail unit) Ground Floor 131.30m2 Basement 116.8m2 Total 248.10m2 (2671ft) net internal

18 Mealhouse Lane (Upper fl oors) Vacant. Planning granted First Floor 506.15m2 for 10 apartments. Second Floor 506.152 Total 1,012.30m2 (10,896ft) Gross Internal

20 Mealhouse Lane (Retail unit) Vacant Ground Floor 63.60m2 Basement 65.20m2 Total 128.8m2 (1,386ft) net internal

Terms

Tenure The property is held long leasehold from 29 September 2017 expiring 29 September 2111 (93 years remaining) at a passing ground rent of £18,929.46 per annum. There are rent reviews every 5 years.

Purchase Price Offers in the region of £550,000.

EPC’s Copies of the EPC’s are available on request.

VAT All fi gures quoted are exclusive of but may be liable to VAT.

Specification

• Part income producing with lease to Yorkshire Building Society until 2023
• Upper fl oors with planning for conversion to 10 apartments
• Attractive period building
• Prime Town Centre location in close proximity to all major retailers including Marks & Spencer, Boots etc.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £550,000.00 NA

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