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.