- Industrial investment / owner occupier opportunity
- Let to PCL Building Products Limited
- Lease expiry of 17th October 2031
- Vacant possession available within 12 months of purchase (via mutual option to break)
- Current rent of £102,844.50 per annum (£2.75 per sq ft)
- Estimated rental value of £4.50 per sq ft
- Open plan warehouse with minimum 6m eaves
- Two storey office accommodation
- Site area of 2.122 acres
Location
The property is located on Cemetery Road, within 1 mile of Radcliffe Town Centre.
Cemetery Road lies 1 mile from the A58 which provides direct access into Bury Town Centre, 3 miles to the north-west.
The property offers excellent transportation links being located within close proximity to the M66 / M62 and M60 Motorways.
Accommodation
The property comprises the following Gross Internal Area (GIA):
Warehouse: 33,108 sq ft (3,076 sq ft)
Two storey office accommodation: 4,290 sq ft (398 sq m)
Total: 37,398 sq ft (3,474 sq m)
Site Area: 2.12 acres (0.859 ha)
Terms
The property is available to purchase long leasehold as an investment.
Vacant possession can be provided within 12 months of purchase, subject to the serving of the landlord’s break clause.
The building is leased to PCL Building Products Limited who extended their occupation by way of lease dated 18th October 2021 for a term of 10 years contracted outside the Security of Tenure Provisions of the LTA 1954.
The current annual rental of £102,844.50 per annum equates to £2.75 per sq ft.
There is a rent review due 18th October 2026 to the higher of the rent reserved immediately before the Review Date and the Market Rent at the Review Date.
There is a mutual option to break on or at any time after 18th October 2026 on giving not less than 12 months’ prior written notice.
Specification
The property comprises a self-contained warehouse / workshop facility arranged in five bays situated on a self-contained secure site. The property benefits from a good-sized yard area and car parking with two separate gated entrances.
The specification includes:
Warehouse
• Open plan warehouse / workshop
• Minimum 6m eaves
• Good quality concrete floor
• Loading is via 2 x drive-in roller shutter doors and 4 x dock height loading doors
• Gas fired hot air blowers and Powermatic Ambirad heaters
Two-Storey Offices
• Open plan and cellular space
• Air conditioned to part
• Carpeted throughout
• Suspended ceilings
External
• Substantial concrete / tarmac yard
• Fully fenced and gated