income producing office / industrial investment opportunity

Piercy Works, Piercy Road, Waterfoot, Rossendale, Lancashire

SOLD

Industrial Light in Rossendale

8891.47 Sq Ft

• Mixed use investment premises comprising a self contained, two storey office section and two separate industrial units.
• Current gross rental income of £29,400 per annum with scope to generate circa £42,000 per annum once fully let.
• Modern office accommodation with reception, fully equipped kitchen / shower facilities and car parking.

Description

A detached property which is split into three sections. The first section comprises a two storey office block of brick construction with steel profile cladding to the roof and upper elevation. Internally, to the ground floor, the accommodation comprises 5 offices, a reception area, kitchenette, and male and female WC facilities. The first floor comprises a further 6 offices, a reception area, a kitchenette, WC and shower facilities. There is an internal staircase connecting both floors however each floor has its own separate entrance. The ground floor entrance being located to the left hand side of the building and the first floor entrance to the right hand side via an external staircase.

Adjoining to the rear are two, self contained industrial units which are accessed via a large concreted, gated yard. Fronting Piercy Road to the left hand side is a second loading area and parking is also available to the front of the office premises.

Tenancies
Ground Floor Offices: Currently fully let producing a gross rental income of £9,600 p.a.
First Floor Offices: One office is currently tenanted producing a gross rental income of £3,600 p.a.

Industrial Unit 1: Currently let at gross rent of £9,000 p.a.
Industrial Unit 2: Currently let at gross rent of £7,200 p.a.

In addition to the rent, the Tenants are responsible for business rates, utilities, and the buildings insurance which is recharged by the Landlord.

Location

The property is located just off Burnley Road East approximately one mile north of Waterfoot. Situated in a mixed industrial and residential area, the property is within a short distance drive from Rawtenstall with good transport links to North Manchester, Bury and Bolton via the M66 motorway network.

Accommodation

Ground Floor Offices
Reception, 5 Private Offices, Kitchenette and WC’s
208.46 sq.m 2,243.86 sq.ft

First Floor Offices
Reception, 6 Private Offices, Kitchenette, and WC with shower facilities
208.46 sq.m 2,243.86 sq.ft

Unit 1
Ground Floor Workshop 234.79 sq.m 2,527.27 sq.ft

Unit 2
Ground Floor Warehouse 174.33 sq.m 1,876.48 sq.ft

GIA 826.04 sq.m (8,891.47 sq.ft)

Services

The property has the benefit of all mains services including gas fired central heating to the office accommodation.

Viewing

Old Red Lion,
4 Manchester Road,
Burnley BB11 1HH.

Tel: 01282 456677
Email: [email protected]