Bed Industrial, Investment For Sale
The opportunity is a multi let commercial investment that provides an asset management opportunity along with potential to develop parts of the property into alternative uses.
147 is a ground floor retail premises that is currently used as a dog groomers paying £4,020 pa. There are separate first floor offices with an entrance off Chorley New Road that are currently vacant and have an estimated rental value of £10,000 per annum.
149 provides a ground floor MOT centre for Motorcycles with a rear workshop and garage paying £6,000 per annum. The upper floors provides an office for domestic repairs. It is producing a total income of £3,600 per annum.
Finally there is a large basement area for both properties which has not been inspected but is leased by the adjoining wine shop T. Wright and paying £2,000 per annum We understand this basement area connects to the adjoining property.
At present the total annual income for the property is £15,620 with the upper floor offices of 147 being vacant.
The subject property is situated on the A673 Chorley New Road which is close to Horwich Town Centre, it is located on a main arterial route that connects to both Bolton Town Centre and Chorley. It also provides good access to junction 6 of the M61 motorway and is situated 1.3 miles from Blackrod train station and 2.6 miles from Horwich Park Way train station. The Property is surrounded by a mix of retail and restaurant premises and residential housing.
The property is also a short distance from Rivington Chase, where the first phase of the residential element of the site is under construction. The site will provide 1,700 homes along with a new link road to Middlebrook and employment land.
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