Preliminary Details

 

Summary

  • Prime Central Location
  • Freehold
  • Development/Refurbishment Potential (STP)
  • Short Term Lease to Barclays

Accommodation

The accommodation comprises the following net internal floor areas:

Namesq ftsq m
Basement - Storage 3,090 287.07
Ground - Sales 3,047 283.08
1st - Offices 3,976 369.38
2nd - Offices 3,523 327.30
3rd - Offices 2,688 249.72
Total16,3241,516.55
1-5 Market Street - Bolton  Barclays3.jpg

Location

The property is situated within a prime pedestrianised pitch in the heart of Bolton Town Centre. It is strategically positioned between the two main shopping centres of Crompton Place Shopping Centre, to the east and Market Place Shopping Centre, to the north. The property fronts Victoria Square, a busy public realm which sits in front of the Grade II listed Bolton Town Hall and the Albert Halls theatre. The property benefits from two return frontages to Market Street and Oxford Street. Retailers within the immediate vicinity include Sports Direct, Specsavers, Boots Opticians and WH Smith. Additionally, Nationwide, HSBC, TSB, RBS and Lloyds Bank all have branches in the area.

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Further Information

Price Price on application

Rates Payable £64,380 per annum

Service Charge n/a

Estate Charge n/a

EPC Rating This property has been graded as D (88)


Description

The property provides a modern retail and office building of concrete frame construction, with accommodation arranged over basement to third floors. The building provides a banking hall at ground floor, customer reception and meeting areas at first floor, and administration, internal meeting rooms & staff facilities at second floor. The third floor is currently unused.

Viewings

Strictly by appointment via the joint agents.

Terms

The property is for sale freehold and further details are available from the joint agents

Tenancy

The property is currently let in its entirety on a Full Repairing and Insuring lease to Barclays Bank Plc for a term of two years with a tenant only break option at 12 months. The rent passing under the lease is £200,000 per annum.

Money Laundering

The Money Laundering Regulations require us to conduct checks on all purchasers. Prospective purchasers will be required to provide identification documents.