98, The Maltings

Wilderspool Causeway, Warrington, WA4 6PU

2,000 sq ft

Single Tenant Investment Property

Summary

Good Covenant Tenant
Character Building
Long Standing Tenant
Fronting Busy A49
Parking Included
South Warrington Location
Freehold Property
Quality Furniture Included

Accommodation

The accommodation comprises the following areas:

Name	sq ft	Availability
Ground	1,000	Occupied
1st	1,000	Occupied
Total	2,000

Location

The prominently situated on the main A49 on the south side of Warrington Town Centre.

The A49 is Warrington’s main trunk road, which conveniently connects to the motorway network, with the M6, M56 and M62 all being within 3 miles.

It is a short walking distance from the Town Centre shops and amenities. The Village Hotel and Waterside Restaurant are also within close proximity.

Get directions from Google Maps

Mainline Stations

Warrington Bank Quay

10 mins
Warrington Central

13 mins
Warrington West

41 mins
Padgate

42 mins

Underground Station

Chesham

2754 mins
Amersham

2791 mins
Chalfont and Latimer

2819 mins
Chorleywood

2854 mins

Further Information

Price Offers in the region of £450,000

Rates Payable Upon Enquiry

Description

We are pleased to bring to the sale market this freehold investment two storey office building with a long standing tenant currently in situ.

The building benefits from a frontage to the busy Wilderspool Causeway (A49) which includes the newly developed Coffee House, Morrisons and petrol station. Just a short walk from the ever popular Riverside Retail Park which houses nationwide retailers such as B&M Home Stores, Sports Direct, McDonalds, Halfords and Home Bargains.

The property comprises a semi-detached office building arranged with a shared courtyard which is collaborative with the adjoining neighbour. The courtyard provides designated car parking for both properties, with 4 spaces allocated to the subject property, with further on road parking to the rear on River Road.

The tenant has been in occupation for the past 10 years and they are a wealth management business established in year 2009 with annual turnover reported at £1.14M.

Lease

The whole property is let to North West Business Finance Limited by way of a 10 year FRI lease from January 2023, with a break in December 2027 and a rent review in January 2028.

Currently the passing rent is £36,000 per annum exclusive of VAT, plus £2,500 per annum service charge/insurance.

Services

All mains services are connected.

Rates

There are dual entities appearing in the ratings list of the Local Authority with only the ground floor showing on the VOA site.

Rateable Value: Ground Floor £9,100.