ALBERT WORKS, CLIFTON STREET, COLNE, LANCASHIRE, BB8 9AE

Quick Summary

Property ID
5835
For sale:
£800,000
Category:
Industrial, Investment, Development
Area:
28646 sq ft
Location:
Colne

Property Files

Property Features

  • Good access to motorway network
  • Potential development opportunity

Map

Contact Agent


Property Description

  • Substantial mill being part multi-storey and part single storey.
  • Two long established Tenants occupying part.
  • Potential for further division if required.
  • Five minutes drive from Junction 14 of the M65.
  • Producing £26,720 p.a gross

LOCATION

The property is situated just off North Valley Road (A56) being within 5 minutes drive of Junction 14 of the M65.  It is best approached by turning off North Valley Road to the rear of the Vauxhall Garage and the premises are situated on Clifton Street.

Colne is conveniently located with excellent motorway access, and the premises are within walking distance of the town centre.

DESCRIPTION

The property is constructed predominantly of stone with a mixture of slate and profile roofing.

Fronting Clifton Street is the three storey section which comprises on the lower ground floor of works stores and toilet facilities.  The ground floor is predominantly administrative offices with toilet and canteen facilities.  The first and second floors are a mixture of storage and office accommodation together with an attic.

At the rear of the multi-storey mill is a single storey predominantly North Light mill of which a portion 6727 sq.ft has a high bay roof together with craneage.

The property is accessed off Stanley Street via full height sliding doors.  In addition part of the ground floor which is totally self contained is occupied by LP Tech Ltd and the lower ground floor that is accessed off Clifton Street is occupied by Aquarius Acoustics and Martech.

Also incorporated within the building are approximately 4 lock up garages which are also let by way of informal Tenancies.

ACCOMMODATION

Multi-Storey Section

Lower Ground Floor

Stores,

Work WC’s                  142.20 sq.m    1,530 sq.ft

Ground Floor

Reception / offices

Stores

Canteen

WC’s                            142.20 sq.m    1,530 sq.ft

First Floor

Partitioned stores

Open storage area

WC                               142.20 sq.m   1,530 sq.ft

Second Floor

Stores                           142.20 sq.m   1,530 sq.ft

Private store               69.59 sq.m     749 sq.ft

Attic

Limited headroom

Ground floor

High Bay                             624.93  sq.m         6,727 sq.ft

North Light                     353.39  sq.m        3,804  sq.ft

Remaining North Light     1,186.89  sq.m      12,776  sq.ft

GIA                                     2,803.6 sq.m      30,176 sq.ft

* Excludes the tenanted accommodation

SERVICES

There is partial Gas fired central heating to the offices, together with Gas radiant heaters to the factory.

SERVICES RESPONSIBILITY

It is the prospective purchaser’s responsibility to verify that all appliances, services and systems are in working order, and are of adequate capacity and suitable for their purpose.

PLANNING

It is the prospective purchaser’s responsibility to verify that their intended use is acceptable to the local planning authority.

BUSINESS RATES

We are informed by the Valuation Office Agency Website that property has a Rateable Value of £30,000 per annum (2018/19).

PRICE

£800,000 (eight hundred thousand pounds)

LEGAL COSTS

Each party is to be responsible for their own legal costs incurred.

EPC

An Energy Performance Certificate is available upon request.

VAT

All prices quoted are exclusive of but may be subject to VAT at the prevailing rate.

VIEWING

By appointment

Petty Chartered Surveyors

Imperial Chambers, Manchester Road

Burnley, BB11 1HH

Tel. 01282 456677

commercial@petty.co.uk

www.pettycommercial.co.uk

Tenancy Schedule Rent P.A Term Start Date
Ground Floor (Part) Section 1

L P Technology Ltd

£11,493.12 Monthly October 2003
Ground Floor (Part)Section 2

L P Technology Ltd

£2,250 Monthly December 2012
Lower Ground Floor
Martech £4,125.00 Monthly July 2014
Aquarius Acoustics £6,812.40 Monthly January 1998
Garage Storage
D Newton/H Oxley £1,566.00 Every four months December 2012
G Threlfall £480.00 Every three months June 2016
Gross Rent p.a £26,720.57