ESTATE NEWS MILL, STANLEY STREET, COLNE, BB8 9DD

Quick Summary

Property ID
5890
For sale:
£975,000
Category:
Industrial, Investment, Development
Area:
48926 sq ft
Location:
Colne

Property Files

Property Features

  • Good access to motorway network

Map

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Property Description

  • Range of self contained accommodation including warehouse, office and manufacturing facilities.
  • Detached converted office premises with workshop.
  • Partially refurbished including re-roofing to part.
  • Excellent location off North Valley Road (A6068) within ¼ mile of M65 Motorway.
  • Potential lease back available of owner occupied section.

LOCATION

The property is situated off North Valley Road (A6068) in a built up area of mixed uses comprising predominantly commercial properties.

It is within ¼  mile of junction 14 of the M65 motorway which provides excellent communications to the national motorway network.  North Valley Retail park is also within a few meters of the site which includes, Matalan, Aldi and a McDonalds drive through.

DESCRIPTION

The site comprises two sections; Estate News Mill and Bellwoven House.

Estate News Mill, which fronts Stanley Street, comprises a series of connected Victorian buildings constructed in the majority of stone under a part slated roof and profile clad roof.

The section fronting the car park is two storey and includes a drive-in workshop on the ground floor together with first floor former office and light manufacturing accommodation.  The upper floors comprise a series of offices that have seen a degree of refurbishment. To the rear  there is a partial high bay warehouse with access off Stanley Street.  There are further office / storage facilities above.

To the rear and completely self contained is a portion that has been let to Happy Hounds Dog Daycare, by way of a 3 year lease, a copy of which is available by request.

Situated opposite to Estate News Mill, Bellwoven House comprises  a row of former terraced houses which have been converted into office and workshop accommodation, with the exception of 67 New Market Street, which is a tenanted terraced house.

ACCOMMODATION

Estate News Mill Front Section

GF Workshop                446.11 sq.m          4,800 sq.ft

Upper GF Workshop  1,092.43 sq.m         11,758 sq.ft

FF Offices                     274.12 sq.m           2,950 sq.ft

Estate News Mill Mid Section

Warehouse part

High bay                       1,156.45 sq.m      12,448 sq.ft

Stores                               62.21 sq.m            669 sq.ft

FF Storage                      310.86 sq,m        3,346 sq.ft

Estate News Mill Rear Section (Tenanted)

Happy Hounds Daycare   237.83 sq.m      2,560 sq.ft

Bellwoven House

Ground floor workshops

First floor office, board room,

Kitchenette and WC’s.         668.4 sq.m    7,195 sq.ft

Bellwoven House adjoining storage and 67 New Market Street  

297.2 sq.m      3,200 sq.ft

GIA:                              4,545.61 sq.m     48,926 sq.ft

SERVICES

The property has the benefit of all mains services.

SERVICES RESPONSIBILITY

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

TENANCIES

The rear Estate News Mill unit is let to Happy Hounds Daycare Ltd by way of a 3 year internal repairing and insuring lease. The rent is phased as follows:

Year 1: £10,000 per annum
Year 2: £12,500 per annum
Year 3: £15,000 per annum

67 New Market Street, a self contained terrace house adjacent to Bellwoven House is currently let by way of an Assured Shorthold Tenancy at £5,400 per annum.

PLANNING

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

BUSINESS RATES

To be separately assessed.

PRICE

£975,000 (Nine hundred and seventy five 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

Petty Chartered Surveyors

Imperial Chambers, Manchester Road

Burnley, BB11 1HH

Tel. 01282 456677

[email protected]

www.pettycommercial.co.uk