Warehouse Investment
FOR SALE
Unit 11
Centurion Way Industrial Estate
LEYLAND
PR25 4GU

Gross Internal Area 5,390 sq ft (500.73 sqm)
Car Park to Front
Long-Leasehold 999 years from 1993 years at a peppercorn rent

LOCATION
The unit is situated within the well-established Centurion Way Industrial Estate, immediately adjacent to Leyland Business Park and the wider Lancashire Business Park to the east.
The location offers excellent access to the M6, M65 motorways intersection, approximately 1.5 miles to the north-east.

DESCRIPTION
The premises comprise a mid-terrace, single-storey industrial unit of brick construction, under a pitched, asbestos sheet roof. Access to the unit is via a roller shutter door measuring 4.35m x 4.5m, which leads directly from the forecourt at the front of the building.
To the front of the building is a single-storey brick constructed office.
There is a good-sized forecourt for parking and loading to the front.
The property provides the following approximate gross internal floor areas:
Warehouse:                  5,100 sq ft                (473.79 sqm)
Offices:                              290 sq ft                 (26.94 sqm)
Total:                             5,390 sq ft               (500.73 sqm)
All measurements have been made in accordance with the RICS Code of Measuring Practice.

RATING ASSESSMENT
With effect from 1 April 2023 the Rateable Value will be £22,000.

TENANCY
The property is let to Garage Services Limited on the basis of a 6-year lease from 1 December 2018 on full repairing and insuring terms, at annual rent of £24,000 pa. The lease makes provisions for the rent to be reviewed every 3 years of the term.

SALE PRICE
£400,000 subject to contract.

EPC
An Energy Performance Certificate is available upon request.

VAT
All rents and prices quoted are or may be subject to the addition of VAT at the prevailing rate.

ESTATE CHARGE
There is an estate charge of approximately £700 pa.

ANTI-MONEY LAUNDERING REGULATIONS
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in the transaction.