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Office Building With On Site Parking, Bridgewater House, Surrey Road, Nelson, BB9 7TZ

14,512 Sq Ft / Offices

For Sale - £800,000.00

Withdrawn - Last updated: 03 August 2020

Summary

FOR SALE - Multi Let Business Centre Investment Opportunity

 

Location

 

Bridgewater House fronts onto the roundabout of Junction 13 of the M65 motorway. It's positioned directly onto the M65 allowing access to all local towns and beyond via the M6, M60 and M62 motorways. The property is situated next to the Thatch and Thistle pub, along with Nelson and Colne College immediately adjacent.

 

Description


The property comprises a detached self-contained two storey office building which provides business centre style office accommodation ranging from 280 sq.ft upwards. The property also benefits from dedicated on site car parking, passenger lift, communal meeting rooms and 24 hour CCTV. The building is fully DDA compliant and also benefits from controlled access throughout.

 

 

Lease Terms


Bridgewater House is let to a variety of tenants on mostly all inclusive leases with the property currently producing a gross rent of 94,458 per annum and a net rental of 74,217 per annum. Lease terms range from one to three years with 5 suites currently vacant. Once let, we anticipate that the vacant space will increase the net income by circa 32,000 (8 per sq.ft). In addition, there are shared break out rooms, meeting rooms and kitchen/WC facilities. The property's net ERV is 116,096 per annum (8 per sq. ft.) A full tenancy schedule is available on request.

 

 

Rating


Each suite is individually assessed and the tenants are responsible for payment of their own business rates.

 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Office For Sale Freehold £800,000.00 NA

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