Sales Brochure
FOR SALE C1191 - 129 Market Street, Chorley, PR7 2SG
PRICE
£460,000
Multi-let town centre investment
Large ground floor retail unit
First floor office accommodation
Three 1 bedroom flats
Description
Multi-let town centre investment providing retail, offices and residential accommodation.
All tenancies have separate entrances from the front, side and rear elevations.
Location
Proceeding along Market Street towards Asda the building is located at the junction with Cunliffe Street, with two of the flats having access from George Street.
Accommodation
(all sizes are approx)
|
Address |
Floor Area |
Tenancy Information |
|
Ground Floor & Basement |
Ground Floor Basement Storage |
Let at £17,000 per annum exclusive with effect from August 2022 for a term of six years with a rent review and Tenant only break clause on the 3rd anniversary. |
|
Flat 1, George Street |
45 sq m (484 sq ft). |
Occupied under an Assured Shorthold Tenancy at £5,100 per annum exclusive. |
|
Flat 2, George Street |
37 sq m (400 sq ft). |
Occupied under an Assured Shorthold Tenancy at £5,100 per annum exclusive. |
|
First Floor Office 1 |
11.5 sq m (123 sq ft). |
Occupied under a Licence Agreement at £2,076 per annum inclusive of heating and electricity. |
|
First Floor Office 2 |
11.3 sq m (121 sq ft) |
Available To Let. |
|
First Floor Office 3 |
41.3 sq m (445 sq ft). |
Occupied under a Licence Agreement at a rental of £5,100 per annum inclusive of heating and electricity. |
|
Second Floor 1 bedroom flat |
65 sq m (700 sq ft). plus bathroom. |
Occupied under an Assured Shorthold Tenancy at a rental of £5,940 per annum exclusive. |
|
Window Room facing Cunliffe Street |
To be confirmed |
Available To Let at £2000 per annum. |
Price
£460,000 (Four Hundred and Sixty Thousand Pounds).
VAT
VAT is not payable.
Assessment
According to the Valuation Office Agency's website the building has the following Rateable Values.
129 Market Street is described as 'Shop and Premises' with a Rateable Value of £13,750.
Office 1, First Floor 129 Market Street, Chorley is described as 'Offices and Premises' with a Rateable Value of £3,850.
Office 2, First Floor 129 Market Street, Chorley is described as 'Offices and Premises' with a Rateable Value of £1,725.
Office 3, First Floor 129 Market Street, Chorley is described as 'Offices and Premises' with a Rateable Value of £1,700.
It is understood that the three flats are within Band A for Council Tax purposes.
All interested parties should make their own enquiries with Chorley Borough Council's Business Rates Department and Council Tax Department to confirm the above as being correct on
Services
Other than the three first floor offices the accommodation has split services for gas, electricity and water. Drainage is to the main sewer.
Energy Rating
129 Market Street, Chorley has an Energy Rating within Band B valid until the 9th February 2032.
129a market Street, Chorley has an Energy Rating within Band E valid until 5th April 2033.
To View
Strictly by appointment with Peter E Gilkes & Company and with whom all negotiations should be conducted.
Note
All services throughout the property are untested. Interested parties must satisfy themselves as to the condition of the central heating system, fitted fires, and other appliances and fittings where applicable.