The property comprises three terraced industrial units, constructed around steel frames with brick and blockwork to the lower elevations and insulated profile metal cladding to the roof and upper front elevations. The side and rear elevations are fully clad.
Although originally designed as individual units, units 18 and 19 have since been joined together and let to Littlefriars Wood Finishing products Ltd. The mezzanine level runs across units 18 - 20 is let to The Travel Lifestyle Limited and is accessed via a staircase within unit 20.
Each unit has its own pedestrian entrance and roller shutter door, with shutters measuring approximately 3.4 metres in height and 2.8 metres in width. The internal eaves height is approximately 4.3 metres, increasing towards the rear. There are 7 parking spaces available.
Location
The property is located on Darwen Interchange Business Park, immediately adjacent to Junction 4 of the M65 motorway. The development comprises approximately 25 industrial units. Other nearby facilities within the park include a petrol station, Travelodge, and various fast food outlets.
Blackburn is situated approximately 2 miles north of the subject. The town lies on the southern edge of the Ribble Valley, 8 miles east of Preston and 21 miles north-west of Manchester.
Accommodation
The property has the following gross internal area:
Units 18 and 19: 132.34 sq. m (1,424 sq. ft)
Unit 20: 61.25 sq. m (659 sq. ft)
Mezzanine: 90.09 sq. m (970 sq. ft)
Total: 283.67 sq. m (3,053 sq. ft)
Terms
TENURE INFORMATION - Leasehold under title number LAN221619 with 243 years remaining with a ground rent of £750 per annum.
Occupancy:
Ground Floor Units 18 and 19 are occupied producing £12,000 PA. Expiring 31 March 2028.
Mezzanine over Units 18-20 is occupied producing £12,000 PA. Expiring 31 March 2028.
Unit 20 will be vacant from 17 June 2025.
EPC:
Unit 18 - C
Unit 20 - C
Unit 19 - C
RATEABLE VALUE:
First floor unit 18-19: £4,700
Ground Floor Unit 18-19: £10,750
Ground Floor Unit 20: £5,800
PRICE - We are seeking offers in excess of £400,000 for the leasehold interest.
LEGAL COSTS - Each party will be responsible for their own legal costs.
Specification
- Located on Darwen Interchange Business Park
- Part Vacant Industrial Investment opportunity with a current income of £24,000 per annum
- ERV of £33,000 per annum
- Modern unit constructed in 2018
- Established industrial location
- Leasehold (243 years remaining)
- Ground rent of £750 per annum
- Offers invited in excess of £400,000