Merchants Mill & Walpole Street Sawmills, Walpole Street, Blackburn

Location
The premises are located off Lower Audley Street, via Walpole Street and Kent Street , in an established industrial/commercial area of Blackburn, approximately quarter of a mile from Blackburn town centre. Neighbouring occupiers include Edmondson's Electrical, Tyson Lighting, Vue Cinema, Dunelm and many more. See location plan.

Junction 6 of the M65 motorway is approximately two miles from the subject properties which connects Blackburn with nearby towns of Burnley, Preston and the Greater Manchester Borough.
The properties are easily accessible via public transport with Blackburn train station and bus station less than one mile away.


Description
1. Merchants Mill, Kent Street, Blackburn, BB1 1DE - * This building is tenanted and the lease details be found within the tenancies section of this report.*

The premises comprise a modern industrial warehouse unit, constructed on a steel portal frame, brick built to a height of 7ft with insulated profile steel cladding above, including double skin translucent roof panels.

Internally the premises have a solid concrete floor, internal eaves height of 6m and sodium bulb and suspended fluorescent lighting throughout. Access to the unit is via a single electrically operated roller shutter door and a single pedestrian door.

Within the main warehouse area is a steel framed mezzanine extending to 7,619 sq. ft. See accommodation schedule for full size details.

A large single office fronts the property, which has UPVC double glazed windows behind roller shutter security blinds.

Externally there is a concrete yard area which is used for parking by the current tenant. This yard is surrounded by palisade security fencing.


2. Walpole Street Sawmills, Walpole Street, Blackburn - * Sold with vacant possession *

Former Saw Mills extending to 18,300 sq. ft. constructed on a concrete frame with block walls supporting a single skin corrugated panels, incorporating translucent roof panels. Externally the property as been over clad to modernise the appearance.

The unit benefits from an internal eaves of 6m rising to 7.5m in the central apex. Access into the unit is via two roller shutter doors extending to a height of 4m.

Included within this buildings demise is a separate yard area which can be access from the rear of the building. The main part of the warehouse is predominantly open plan and suitable for storage and manufacturing.


Accommodation
Building 1 - Merchants Mill, Kent Street
Ground floor 16,723 sq. ft. 1,553 sq. m.
Mezzanine 7,619 sq. ft. 707 sq. m.
Total 24,342 sq. ft. 2,260 sq. m.

Building 2 - Walpole Street Saw Mills, Walpole Street
Ground floor 15,750 sq. ft. 1,463 sq. m.
Mezzanine 2,550 sq. ft. 237 sq. m.
Total 18,300 sq. ft. 1,700 sq. m.


Price
£1,350,000 + VAT


Tenure
The properties are held on various long leasehold titles. Full details available on request.


Rating
Building 1 - Merchants Mill, Kent Street - The property has a rateable value of £73,500 and rates payable in the region of £37,632 per annum.

Building 2 - Walpole Street Saw Mills, Walpole Street - The property has a rateable value of £30,000 and rates payable in the region of £15,000 per annum


Legal Costs
Each party to be responsible for their own legal costs.


Services
All mains services are connected to the premises.


Merchant Mill Lease Details
This property is currently let to Funtazia Soft Play Ltd on a 15 year FRI lease from 1st March 2016. The lease benefits from 5 yearly rent reviews (OMV), tenant only option to break on 5th and 10th anniversaries The passing rental is currently £60,000 p.a. (£2.46 psf.).

Full copy of the lease is available on request.



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Taylor Weaver
James Taylor