Lot
007
Auction: February 2022 Online Auction 23/02/2022

Conservation House, 116 Darwen Road, Bolton, Lancashire BL7 9BQ

Property Details
Location
Description
A substantial period stone built property extending to approximately 608 Sq m (6,544 Sq ft) and comprising a multi-let serviced office building benefiting from UPVC double glazing, twin zone gas central heating system, fire alarm system and rear parking. The property is currently fully let and producing a combined rent of £62,423.96 per annum with approximate running costs of £9,000 per annum, giving a net rent of approximately £53,000 per annum.
Location
The property is located at the junction of Darwen Road (B6472) and Guild Street, in the popular Bromley Cross area, approximately 3.5 miles north of Bolton town centre. Bromley Cross Station is within 500 metres.
Accommodation

DescriptionAccommodation
Ground FloorEntrance Hall, Cloak Room/WC, Communal Kitchen, 10 Offices
First Floor5 Offices and WC
BasementStorage and Boiler

Outside
There is a lawned and planted garden area to the front and a gated rear yard providing parking for approximately 4 vehicles.
Approx Site Area
Approximately 0.06 Hectares (0.15 Acres).
Tenure
Unknown
Planning
Interested parties should consult direct with the Local Planning Authority: Bolton Council, Town Hall, Bolton, BL1 1RU. Tel: 01204 333 333.
Tenancy
The property is fully let to seven tenants producing a combined rent of £62,423.96 per annum with approximate running costs of £9,000 per annum, giving a net rent of approximately £53,000 per annum.

Office 1: Let to a private tenant at £4,380 per annum
Office 2 & 9: Let to Impact Hygiene at £9,379.96 per annum
Office 3, 4 & 5L Let to Air Conditioning Solutions at £17,604 per annum
Office 6: Let to Home Care Haven at £5,732 per annum
Office 7: Let to Enterprise IP Solutions Ltd at £5,200 per annum
Office 8: Let to Greenmount Fan (North West) Ltd at £14,928 per annum
Office 10: Let to Greenmount Alfa Fans Ltd at £5,200 per annum
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 22ND FEBRUARY AND CLOSES ON WEDNESDAY 23RD FEBRUARY.

3. The property is entered in the 2017 Rating List with multiple assessments, as follows:

Ground Floor Office 1 at 116 Darwen Road: "Office & Premises" - RV £2,075
Ground Floor Office 2 at 116 Darwen Road: "Office & Premises" - RV £2,275
Ground Floor Office 3/4/5 at 116 Darwen Road: "Office & Premises" - RV £7,500
Office 1b Pt First Floor 116 Darwen Road: "Office & Premises" - RV £2,200
Office 2b Pt First Floor 116 Darwen Road: "Office & Premises" - RV £8,500
Office 3b Pt First Floor 116 Darwen Road: "Office & Premises" - RV £2,350
Yard at 116 Darwen Road: "Car Parking Spaces" - RV £1,000

The RV (Rateable Value) is not the amount payable.

4. Energy Performance Certificate = E.

5. The property was independently valued in December 2021 at £650,000. A copy of the valuation report is included within the legal pack for information purposes only.
Addendum
The property is held by way of a 999 year lease from 10 February 1976.

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Manchester

Joint Agent

Cardwell's Estates
Contact: Rick Thompson
Tel: 1204381281
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