Multi-Let Industrial, Trade Counter & Office Investment Complex – 20,933 SQ.FT. (1,945 M2) – Currently Producing £67,000 pa

Substantial mainly single storey multi-let industrial, trade counter and office complex. The premises provide 8 units, totalling 20,933 sq.ft. (1,945 m2). Five of the units (totalling 12,364 sq.ft. / 1,149 m2) are let and produce a current rental income of £67,000 pa. three units are currently vacant, extending to 8,569 sq.ft / 796 m2. To the front of the units is a surfaced parking area suitable for approximately 24 cars. Location Prominently located fronting Westgate, (close to the Shrimp Roundabout) one of the main arterial routes into Morecambe from the Bay Gateway, connecting directly to junction 34 of M6. Tenure: Freehold Title number: LA908637 Local Authority: Lancashire County Council Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Freehold

Tenancy Information:

The units are currently let as follows: - • Units 1,2 & 3 - Lakeland Flooring Northwest Limited - 3,205ft² - 5 Years from 25/03/2022 - £17,500 pa (£5.46/ft²) • Unit 5D – Private Individual - 1,835.00ft² - 3 Years from 16/10/2024 - £4,500 pa (£2.45/ft²) *Note 1 • Unit 5B – Private Individual - 908.00ft² - 3 Years from 01/04/2024 - £3,800.00 pa (£4.19/ft²) • Unit 5C - Private Individual - 1,434.00ft² - 3 Years from 01/07/2023 - £6,000 pa (£4.18/ft²) • Unit 6 - PPG Architectural Coatings UK Limited - 4,982ft² - 10 Years from 03/03/2014 (holding over) - £35,200 pa (£7.07/ft²) *Note 2

Vacant Areas

• First Floor Offices - 4,925 ft² • Unit 4 & 4a - 1,494 ft² • Unit 5A - 2,150 ft²

*Note 1

Unit 5D - currently negotiating a surrender and new lease. The tenant will be vacating 5D and taking occupation of Units 4&4a. This on the same terms at £4,500 per. A new 3 year term commencing 01/12/25 with the ability to break at any time after month 12 subject to serving 3 months’ notice.

*Note 2

Unit 6 - The tenant has served a 26 Notice proposing a 5-year term at £15,000 per annum, break at year 3, commencing 6th October 2026. Asset management opportunity to let the vacant areas and increase the rental income.

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

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. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Lancashire County Council

Solicitors

Bexley Beaumont Limited, Ref: Bexley Beaumont Limited

Offered in association with

Fisher Wrathall Commercial

Additional Fees

Administration Charge - 2.5% inc VAT of the purchase price, subject to a minimum of £2500 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.