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11-31 School Lane, Rochdale, OL16 1QP

not specified / Offices / Investment

For Sale

Available - Last updated: 31 January 2024

Large Multi-Let, 3 Storey Detached Property

Accommodation

The property provides the following approximate gross internal floor areas.

Ground Floor - 4,870 ft2

First Floor - 4,870 ft2

Unit 1 - TBC

Unit 2 - TBC

Total - TBC ft2

Terms

The guide price for the investment is £1.25million

 

The tenancy information is as follows:

GROUND FLOOR

Tenant - Bullion Prestige Limited 6 years from 1st May 23.£30k Pa + Vat. Rent Review 1st May 26. Tenant Break Option 1st May ‘26. £15k Rent Deposit.

 

FIRST FLOOR

Tenant. Air Athletics Cheer and Dance Community Interest Co Ltd 5 years from 1st Sept’ 23.£13k Pa+Vat year 1, £14k Pa+. Vat year 2 , £15k Pa+ Vat year 3. Rent Review and Tenant Break option 31st August ‘26.

 

UNIT 1 LOWER GROUND FLOOR

Tenant Pro Autocare Ltd. 5 years from 8th February ‘18.£24 k+Vat from 8th Feb’ 23 increasing to £26k+Vat from 8th Feb.24. Rent Review on 7th Feb.’26

 

UNIT 2 LOWER GROUND FLOOR

MJW Vehicle Repairs Ltd. 5 years from 1st Sept. ‘23. Year1 £13,000+Vat, Year 2 £14,000+Vat ,Year 3 £15,000+ Vat. Rent Review and Tenant break option 31st Aug ‘26.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold NA NA

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Contact agents

Marc Wright

Barton Kendal Commercial

01706 313530



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