https://www.thelandsite.co.uk/files/properties/598e4c8bdd7411ea98240afeec538f48/1370-66ab3bc6f26f4795720591.jpeg

Mixed Use Investment for sale in Rawtenstall

Orient One, New Hall Hey Road, Rawtenstall, BB4 6AJ
For sale
£3,100,000
To rent
£285,000 p.a.
taylor-weaver
This property is marketed by:
Taylor Weaver

Station House is a detached stone built building with a pitched slate roof and comprises a self contained restaurant on the ground floor and first floors with multi-let offices on the second floor. The office suites on the upper floors have their own separate access and have been refurbished to a good standard throughout and include shared kitchen and WC facilities.

The whole property is occupied by TFP (Rawtenstall) Limited. t/a The Firepit Restaurant, and they have been trading in this location since 2014. See lease terms for full details. Floor plans are available on request.

TFP (Rawtenstall) Limited have the ability to sublet part within their lease on the offices on the second floor.

Orient One was originally constructed as a Kwik Save supermarket however following a comprehensive refurbishment the property is now occupied by Buildco Reserve Ltd t/a Thrive Gyms. This substantial health and wellness centre has been finished to an extremely high standard and includes facilities such as cafe, aesthetics clinics, sauna, boxing studio etc.

The site also benefits from 130+ on site car parking spaces.

Tenure

The properties are understood to be held on a freehold basis

Lease Terms

Station House - The whole building is currently let on FRI terms to TFP (Rawtenstall) Limited. (t/a The Firepit Restaurant) expiring February 2028 with no break clauses. 

The lease also benefits from a guarantor. The current net rent passing is £110,000 pa with a outstanding rent reviews in 01/03/2024 and another on 01/03/2027. The upper floor offices are let on sub leases by TFP (Rawtenstall) Limited with the tenant retaining the rental income for these areas.

Orient One - Let on FRI terms to Buildco Reserve Ltd (t/a Thrive Gyms.) on a 15 year FRI lease from 09/11/2022 with no break clauses. Upward only rent reviews on 5th, 8th and 12th anniversary of lease commencement to open market value. 

Rating

On request

EPC

An Energy Performance Certificate is available on request.


Find Professionals in your search area

Contact us via [email protected]