140 St. Helens Rd 5,319 SF 52% Leased Office Building Bolton BL3 3PJ £1,000,000 (£188.01/SF)

INVESTMENT HIGHLIGHTS

  • Prominent mixed-use former Hotel & Public House property
  • 6 x partly finished apartments on first and second floors
  • Rent on Application
  • Retail unit (Class E at ground floor)
  • Large garden (former beer garden) at rear
  • £1 million (£1,000,000) for the Freehold Interest

EXECUTIVE SUMMARY

DESCRIPTION
The property comprises a substantial, former Hotel and Public House premises of traditional masonry construction, set beneath a pitched and slated roof covering.
Retaining some original features, the accommodation within is arranged over basement, ground, first and second floor levels.
At ground floor level there is a regular shape retail unit (E-Class), which may suit a range of uses to include cafe, restaurant, offices and general retail.
The first and second floors have recently undergone partial conversion to 6 x 1 bedroom apartments. The layout to the apartments has been set out to include first fix electrical works, but a conversion will require completing by the new occupier/tenant - see attached plans. Access is proposed to be gained from the rear of the property.
Externally, there is a substantial enclosed former beer garden, offering scope for further extension or amenity space for either ground or upper floors.
LEASE TERMS
Available as a whole by way of new Tenant's Full Repairing and Insuring lease terms, with the ability to sub-let the apartments and ground floor commercial unit.
Consideration may be given to the rental of the ground floor separately.
RENTAL
Rent on Application.
SALE PRICE
£1,000,000 (£1 million).
VAT
The property is elected for VAT.
PLANNING
Planning consent has been approved and implemented with conditions, for change of use from Public House/Hotel to a Retail Unit (Class E) at ground floor and 6 x apartments on the first and second floors together with associated alterations to external elevations including covered staircase and walkway to the rear. Planning Ref: 15346/23.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Tenure
Freehold
Property Subtype
Office/Residential
Building Size
5,319 SF
Building Class
C
Year Built
1950
Price
£1,000,000
Price Per SF
£188.01
Percent Leased
52%
Number of Floors
4
Typical Floor Size
1,330 SF

AMENITIES

  • Kitchen
  • Reception
  • Basement
  • Natural Light
  • Open-Plan
  • Secure Storage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • Ground
  • 2,574 SF
  • Retail
  • Partial Build-Out
  • Now

Available as a whole by way of a tenants full repairing and insuring ease terms with the ability to sub-let the apartments and ground floor commercial unit.

Space Size Space Use Condition Available
Ground 2,574 SF Retail Partial Build-Out Now

Ground

Size
2,574 SF
Space Use
Retail
Condition
Partial Build-Out
Available
Now
  • Listing ID: 31413218

  • Date on Market: 04/04/2024

  • Last Updated:

  • Address: 140 St. Helens Rd, Bolton BL3 3PJ