- Momentum Business Centre, Haslingden Road, Blackburn
- 650 - 3,400 Sq ft
- £9,500 pa for 650 sq.ft £12,000 pa for 850 sq.ft
- Two Storey Modern Office Investment
- Good motorway access
- Established Office Area
- Rarely available freehold opportunity
Location
The premises are well located in a pleasant canal side location on Trident Office Park, which fronts Whitebirk Drive to the east of Blackburn and within 400 yards of Junction 6 of the M65 motorway.
This particular unit overlooks the Leeds and Liverpool Canal.
Description
The premises comprises a modern two storey office building, with brick and insulated metal clad walls and roof and includes double glazed aluminium framed windows.
Internally access is via reception area leading to open plan ground and first floor office areas, which includes carpeted floors, painted plastered walls, suspended ceiling and recessed lighting.
Male and female toilet facilities, together with kitchen facilities are included.
The building has 5 dedicated car park spaces with overflow parking available in the immediate vicinity.
Accommodation
We have calculated the net internal floor area to be 1450 sq.ft.
Price
£220,000
Tenure
Freehold in the footprint of the building with allocated parking
Rating
The property is sub-divided for rating purposes with eligible businesses able to claim small business rates relief. Full detail on request.
Legal Costs
Each party to be responsible for their own legal costs involved in the transaciton.
VAT
As the property is let it may be sold by way of a TOGC, suggesting that no VAT will be payable by eligible VAT registered purchasers. Further details available on request.
Services
All mains services are connected to the property. The property has the benefit of gas central heating throughout.
Money Laundering Regulations
Please note that we are now required to carry out customary due-diligence on all purchasers once an offer is accepted, whereby we are required to obtain proof of identity and proof of address of the prospective purchaser.
We will then undertake an AML check via Smart Search to comply with HMRC's anti money laundering requirements.
Investment Return
Based on the net rent of £14,273 per annum a purchase at the asking price equates to a yield of approximately 6.5% when allowing for acquisition costs
Tenancy Information
The ground floor tenant (Renov8) pays £750 pcm plus VAT. This includes the electricity and heating. The agreement expires on the 30th June 2025
The first-floor tenant (CSS Consultants & Specialists Surveyors Ltd) pays £720 pcm plus VAT. This includes the electricity and heating. The original licence is from 2018 which expired on 30 November 2020 with the tenant holding over. Discussions are ongoing concerning a new agreement at a rent of £790 pcm plus VAT
The Landlord also pays the service charge, water rates, the building insurance and the servicing of the security alarm.
Allowing for electric of £1211.67 pa, gas of £1705.22 pa, alarm of £510.12 pa includes 2 services per annum and service charge of £780 pa would suggest a net rent of £14,273 per annum
Viewing
Strictly through sole agents
Taylor Weaver
(Rebecca Weaver)
01254 699030