£925,000 Under Offer

Liverpool Road North & Orrell Lane, Burscough, L40

Key Features

  • Modern Purpose-Built Retail and Office Premises.
  • 2 Fully Let Ground Floor Retail Units.
  • First floor offices fully let.
  • First Floor Offices Fully Let.
  • 1 Vacant Office Suite to the Second Floor (Available to Rent at £3,900 per annum on departure of Landlord).
  • Total Income £76,080 Per Annum, Rising to an Estimated £79,980 Per Annum on letting of Office 2 to the Second Floor.
  • Tenants Wholly Unaffected by the Sale.
  • We Understand No VAT on Purchase Price.

Bridge End Building comprises of 2 retail units fronting the busy Liverpool Road North/A59, originally 3 retail units but unit 2 (Hairdressers amalgamated into a unit which was off Orrell Lane). Both ground floor retail units are primarily open plan with one unit having their own kitchen and WC facilities and shared Kitchen and WC to the rear of units 3. Also to the rear of the ground floor there is a loading bay and bin store area, together with double entrance gates onto Orrell Lane. From the Orrell Lane elevation, the offices have a dedicated entrance with stairs to the first and second floors, together with adjacent disabled lift also serving both floors. There is also a secondary stairwell from the Liverpool Road elevation providing a fire exit from the first and second floor office suites. On the first floor landing there is a comms room area, male & female and disabled/unisex WC. The first floor offices are let to a single occupier and are primarily open plan with private offices, in addition to the fire exit stairs which leads down to the Liverpool Road North elevation. The second floor also has a WC and unisex WC facility, in addition to a communal kitchenette and fire exit. The second floor provides 5 private offices. Office 2 is currently being used by the Landlord. In respect of these offices, we understand they are not subject to a service charge provision, but each office demise has their own electricity sub-meter where the landlord separately invoices for the electricity consumption Water is also invoiced by the landlord on a sub-meter basis. The ground floor units we understand are separately metered for their utilities. Tenancies 31 Liverpool Road North - Isherwood Hair - 5-year lease from April 2019 - annual rental £19,920 per annum. 33 Liverpool Road North - Queens Court Hospice - 3-year lease from December 2021 - review December 2023 - annual rental £19,200. First floor office, Bridge End Building - Face For Business - 5-year lease from March 2019 - annual rental £21,840 per annum. Second floor offices, Bridge End Building - Office 1 -Vogue Aesthetic Ltd £350 per month (£4200 per annum). Office 2 - Currently occupied by the landlord. Office 3 - Oakdale Management £260 per month (£3120 per annum), Office 4 - Corpserv FZE £300 per month (£3600 per annum), Office 5 - Total CRB £350 per month (£4200 per annum). Total current rental income £76,080 per annum, rising to an estimated £79,980 per annum on letting of Office 2 to the Second Floor (landlords office).
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