Horwich Business Centre, 82-92 Lee Lane, Bolton, Gtr Manchester

Location

The property is located approximately 6 miles west of Bolton Town Centre in a densely populated town centre location. It is situated on the B6226 (Lee Lane) which is the main road through Horwich town centre and a main arterial route into Bolton Town Centre. The situation benefits a busy main road position and easy access to all local amenities and local transport. Horwich is within Bolton M.B.C and is adjacent to Junction 6 of the M61 motorway links to the regions motorway system with the successful Middlebrook Retail/Leisure and Business Park close by.

Description

The property/properties in question are 84-92 Lee Lane, Horwich, all found along the main road. 86 Lee Lane being residential dwellings above the commercial unit's below. 9 self-contained flats comprising of 1 two-bedroom, 6 large one bedroom and two smaller studio flats.

The commercial premises are as follows: 82/84 Lee Lane - Discounted Good Store, bringing a rent of £15,600p.a. with the lease holding over 88 Lee Lane - Now Let at £6960 p.a. 90 Lee Lane - International Aid Trust. Rent of £7000p.a. 92 Lee Lane - Age UK. Rent of £11,500 p.a. with a lease of 15 years from 2015. Salad Bowl - Current rent of £1800p.a. lease holding over 86 Lee Lane - Residential Flat 1 - currently let at £500pm Flat 3 & 6- currently let at £410pm Flat 9- currently let at £435pm There are 5 other flats that are vacant and are said to bring ERV of £435pm.

Proposition

Our client is seeking an offer in the region of £900,000

Rateable value

82-84 Lee Lane – Rateable Value of £14,536, rates payable 19/20 £7137.18. 88 Lee Lane – Rateable Value of £5,982 rates payable 19/20 £2937.16 90 Lee Lane – Rateable Value of £8,094, rates payable 19/20 £3974.15 92 Lee Lane- Rateable Value of £12,289, rates payable 19/20 £6033.90. **All Business Rates are calculated by using small business rates multiplier 0.491p**

EPC

Available upon request

VAT

Unless otherwise stated all figures are exclusive of Value Added Tax, any prospective purchasers should satisfy themselves of any liability to pay VAT on any transaction.

Legal costs

LEGAL COSTS Each party is to pay their own costs.

Viewing information

For further information please contact us on the number below. Viewings are strictly by appointment with P R Gibbs & Co by telephoning 01942 844100 or email info@prgibbs.co.uk. We are open from 9am to 5pm Monday to Friday.