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Lion Mill Fitton St

201,285 SF 41% Leased Industrial Building Oldham OL2 5JX £3,500,000 (£17/SF)

Investment Highlights

  • Rare purchase opportunity midway between Oldham and Rochdale
  • Current Rent Roll £469,585.50/annum
  • Property in very good condition throughout

Executive Summary

The property extends to a gross internal floor area of 208,453 sq ft. The property is let to a number of tenants, including part to the owners/vendors of the property and an up to date Tenancy Schedule is attached showing the name of the tenant, demise and floor area occupied and current annual rent and an analysis on a per sq ft basis for comparable purposes. The current annual rent roll net of vat equates to £469,585.50/annum which includes an amount of £11,500/annum received from roof sited telecommunication installations

Property Facts

Price £3,500,000
Price Per SF £17
Sale Type Investment
Tenure Freehold
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 3.25 AC
Rentable Building Area 201,285 SF
Number of Floors 7
Year Built 1892

Amenities

  • Fenced Lot
  • Yard
  • EPC - E
  • Roller Shutters

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • Ground
  • 19,000 SF
  • Industrial
  • Partial Build-Out
  • Now

The floor space is available to let on terms to be agreed.

  • 1st Floor
  • 4,000 SF
  • Industrial
  • Partial Build-Out
  • Now

The floor space is available to let on terms to be agreed.

  • 1st Fl - Unit 1
  • 26,000 SF
  • Industrial
  • -
  • Now

The warehouse accommodation is located on the first floor and is accessed via central passenger lifts and stairwell contained within the communal areas and also via 2 central 1 tonne goods lifts. Warehouse 1 totals 26,000 sf and warehouse 2 12,000 sf, the space is available for a minimum term of 3 years at £3 sf.

  • 1st Fl - Unit 2
  • 12,000 SF
  • Industrial
  • -
  • Now

The warehouse accommodation is located on the first floor and is accessed via central passenger lifts and stairwell contained within the communal areas and also via 2 central 1 tonne goods lifts. Warehouse 1 totals 26,000 sf and warehouse 2 12,000 sf, the space is available for a minimum term of 3 years at £3 sf.

  • 2nd Floor
  • 19,000 SF
  • Industrial
  • Partial Build-Out
  • Now

The floor space is available to let on terms to be agreed.

  • 3rd Floor
  • 19,000 SF
  • Industrial
  • Partial Build-Out
  • Now

The floor space is available to let on terms to be agreed.

  • 4th Floor
  • 19,000 SF
  • Industrial
  • Partial Build-Out
  • Now

The floor space is available to let on terms to be agreed.

Space Size Space Use Condition Available
Ground 19,000 SF Industrial Partial Build-Out Now
1st Floor 4,000 SF Industrial Partial Build-Out Now
1st Fl - Unit 1 26,000 SF Industrial - Now
1st Fl - Unit 2 12,000 SF Industrial - Now
2nd Floor 19,000 SF Industrial Partial Build-Out Now
3rd Floor 19,000 SF Industrial Partial Build-Out Now
4th Floor 19,000 SF Industrial Partial Build-Out Now

Ground

Size
19,000 SF
Space Use
Industrial
Condition
Partial Build-Out
Available
Now

1st Floor

Size
4,000 SF
Space Use
Industrial
Condition
Partial Build-Out
Available
Now

1st Fl - Unit 1

Size
26,000 SF
Space Use
Industrial
Condition
-
Available
Now

1st Fl - Unit 2

Size
12,000 SF
Space Use
Industrial
Condition
-
Available
Now

2nd Floor

Size
19,000 SF
Space Use
Industrial
Condition
Partial Build-Out
Available
Now

3rd Floor

Size
19,000 SF
Space Use
Industrial
Condition
Partial Build-Out
Available
Now

4th Floor

Size
19,000 SF
Space Use
Industrial
Condition
Partial Build-Out
Available
Now

Ground

Size 19,000 SF
Space Use Industrial
Condition Partial Build-Out
Available Now

The floor space is available to let on terms to be agreed.

1st Floor

Size 4,000 SF
Space Use Industrial
Condition Partial Build-Out
Available Now

The floor space is available to let on terms to be agreed.

1st Fl - Unit 1

Size 26,000 SF
Space Use Industrial
Condition -
Available Now

The warehouse accommodation is located on the first floor and is accessed via central passenger lifts and stairwell contained within the communal areas and also via 2 central 1 tonne goods lifts. Warehouse 1 totals 26,000 sf and warehouse 2 12,000 sf, the space is available for a minimum term of 3 years at £3 sf.

1st Fl - Unit 2

Size 12,000 SF
Space Use Industrial
Condition -
Available Now

The warehouse accommodation is located on the first floor and is accessed via central passenger lifts and stairwell contained within the communal areas and also via 2 central 1 tonne goods lifts. Warehouse 1 totals 26,000 sf and warehouse 2 12,000 sf, the space is available for a minimum term of 3 years at £3 sf.

2nd Floor

Size 19,000 SF
Space Use Industrial
Condition Partial Build-Out
Available Now

The floor space is available to let on terms to be agreed.

3rd Floor

Size 19,000 SF
Space Use Industrial
Condition Partial Build-Out
Available Now

The floor space is available to let on terms to be agreed.

4th Floor

Size 19,000 SF
Space Use Industrial
Condition Partial Build-Out
Available Now

The floor space is available to let on terms to be agreed.

  • Listing ID: 27765946

  • Date on Market: 16/02/2023

  • Last Updated:

  • Address: Fitton St, Oldham OL2 5JX

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