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Investment

Investment For Sale Bolton

PROPERTY ID: 126692

PROPERTY TYPE

Investment

STATUS

Under Offer

SIZE

30,126 sq.ft

Key Features

Part let to Jump Extreme at £160,000pa with lease extension expiry 2030
ERV of £260,000pa when vacant unit let
Freehold asset
Large car park with 200 plus spaces

Property Details

The Property Is Located On Springfield Off Bradford Street (a579) In Bolton, Greater Manchester. St Peters Way (a666) Is Within Close Proximity Which Provides Easy Access To Junction 2 Of The M61 Leading To Junction 14 Of The M60 Motorway. Bolton Town Centre Is Less Than 1 Mile To The North West. Nearby Occupiers Include Arnold Clark Motorstore, Burger King And Costa Coffee. Bolton Is Situated 10 Miles North West Of Manchester And 6 Miles West Of Bury. The Property Comprises A Row Of Terraced Retail Trade Counter Style Warehouse Units Of Steel Portal Frame Construction Beneath Pitched Steel Sheet Roofing With Part Brick, Part Blockwork, Part Steel Clad Elevations. Unit 1 Is Vacant And Currently In Shell Form. Units 2/3 Are Leased To Jump Extreme A Children's Trampoline Centre. Unit 4 Is Sold Off To Urban Outreach On A 150 Year Lease. There Is A Large Car Park With More Than 200 Spaces. Lease Opportunity Unit 1 Is Currently Vacant And In Shell Form And Offers A Blank Canvas For A New Tenant To Come In And Fit Out For Their Proposed Use. It Has An Erv Of C £10/sqft. Units 2/3 Are Let To Jxl Ltd Trading As Jump Extreme. The Lease Is For A Term Of 10 Years From 13th Nov 2015, With 5 Year Reversionary Lease Extension From 13th Nov 2025 Expiring Nov 2030. The Passing Rent Is £160,000pa Equating To C £8/sq Ft. Jxl Ltd T/ Jump Extreme Have An Experian Score Of 77 (below Average Risk). They Currently Have Two Operations In Bolton And Tamworth, Midlands.

About the Agent

W T Gunson Chartered Surveyors

See Agent's Other Properties

Investment Unit

£2,350,000 Freehold

Units 1-4,Springfield, Bolton, BL2 1HY
Investment - Under Offer
30,126 sq ft
2,799 sqm
Show phone number

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