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Westgate, Morecambe - For Sale

Investment
Guide Price £675,000
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    FOR SALE Part tenanted, multi let industrial complex situated on Westgate extending to some 23,935 sq ft. The site represents an excellent investment opportunity but could also suit an owner-occupier looking to draw an income from the existing leases.

    LOCATION
    Morecambe sits on the eastern shores of the Bay which takes the towns name and to the south of the Lake District National Park and to the west of the Yorkshire Dales. The area has recently benefited from improved connectivity via the Bay Gateway, which connects Morecambe to the M6 motorway.

    The subject site fronts onto Westgate, a major arterial route within the town and sits on the western periphery of the areas dominant employment area, White Lund.

    DESCRIPTION
    The site comprises of warehousing, office and trade counter space extending to some 23,935 sq ft, featuring car parking and a prominent road facing position. The site is currently generating an income of £60,700 pa, with much of the warehouse space still vacant and ready for letting.

    ACCOMMODATION
    Gross Internal Area - 23,935 sq ft

    Plans available on request.

    SERVICES
    All mains services connected up to site including three phase electricity.

    RATING
    Please contact Lancaster City Council Rates Department for full details on rating.

    TENURE
    UNITS 1 & 2 - Let to Lakeland Flooring at £12,000 pa on a 5 year lease commenced May 2016.
    UNIT 6 - Let to PPG Architectural Coatings at £35,200 pa on a 10 year lease commenced March 2014, Tenant break on year 5.
    FIRST FLOOR OFFICES - Let to Cook Fire at £13,500 pa, holding over.

    Total current rent roll:- £60,700 pa exclusive.

    VAT
    All outgoings are exclusive of VAT, which will apply at the prevailing rate.

    VIEWING
    Strictly by prior appointment with one of the joint agents:-

    Fisher Wrathall, The Old Warehouse, Castle Hill, Lancaster, LA1 1YN Tel: 01524 69922 e-mail: commercial@fisherwrathall.co.uk

    Lambert Smith Hampton, 6th Floor 3 Hardman Street, Spinningfields, Manchester M3 3HF Tel: 0161 228 6411 e-mail: mhardy@lsh.co.uk

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