FOR SALE- Multi Let Office Investment

Location

Railway House is located on Railway Road, close to Chorley town centre, and approximately one mile from Junction 8 of the M61 motorway. The property lies in a primarily residential area, on the edge of Chorley town centre, with a large amount of on site car parking.

Key Points

• Excellent location
• Total net internal area 6,813 sq ft
• Currently producing a gross rental of £70,938 per annum.
• Currently producing a net rental value of £55,836 per annum

Description

The property comprises a two storey purpose built modern office building. The property has been split into a variety of small suites which are occupied by a number of tenants on varying lease terms (full tenancy schedule is available on request). The building benefits from a large car park and tenants benefit from shared amenities, such as WC facilities, meeting room, kitchen and reception area.

Services

All mains services are connected to the premises.

Lease Terms

The building is let to a number of different tenants on varying lease terms, producing a combined net rental of £66,806 per annum. The gross rental received (inclusive of service charge and building insurance) is £89,903 per annum. A full tenancy schedule is available on request.

VAT

The property is VAT elected. However, it is anticipated that the transaction will be treated as a transfer of going concern (TOGC).

Accommodation

The net internal area of the property totals 6,813 sq.ft.