Bankfield Mill, Bankfield Street, Radcliffe, Manchester, Lancashire, M26 1AS

  25,077 sq ft (2329.73 sq m)

  For Sale: £995,000.00 Freehold

Description

Industrial Investment opportunity for sale of production facility:

  • Potential medium term residential re-development opportunity
  • 25,077 sq ft (2329.76 sq m) on site of 2.6 acres (0.66 HA)
  • Let to ITAC Ltd with lease expiry February 2030
  • Index Linked rent review
  • Freehold offers sought in excess of £995,000 subject to contract and exclusive of VAT
  • Low Capital Value equivalent to £40 per sq ft
  • Sale at this level represents a Net Initial Yield of 6 % assuming purchaser costs of 5.74%
  • Further information available on request

Tenure Comments

We are instructed to seek offers in excess of £995,000 subject to contract and exclusive of VAT.

A sale at this level represents a Net Initial Yield of 6% assuming purchaser costs of 5.74%.

Capital Value equivalent to £40 per sqf

Current Availability

Production (Dry Mix)10,062.00 sq ft934.76 sq m
Production (Wet mix)9,033.00 sq ft839.17 sq m
Ground Floor Office1,179.00 sq ft109.53 sq m
Ist Floor Office1,169.00 sq ft108.60 sq m
Ancillary Office & Labs3,106.00 sq ft288.55 sq m

Location

The subject site is located on Bankfield St, Stoneclough within the Metropolitan Borough of Bolton, Greater Manchester. It is situated 3.7 miles (6 km) south-east of Bolton, 7.9 miles (13 km) north-west of Manchester and accessed from the Kearsley Spur/St Peters Way via Bolton Rd (A666) and Stoneclough Rd.

The area is served by Kearsley railway station approx. 1 mile distant.

Energy Performance Certificate

Rating D 98 (Reference 0060-0531-9269-1129-2092).

Further Information

A full suite of information is available to prospective purchasers & please contact the sole agents, LM6 for further information.

Legal Costs

Each party to responsible for their own costs in relation to any transaction.

VAT

VAT will be payable at the prevailing rate.