124 Bolton Road, Atherton - Brochure.pub
3rd Floor Carlton Tower, 34 St Paul’s Street, Leeds LS1 2QB
FOR SALE SALE AND LEASEBACK INVESTMENT OPPORTUNITY
Viewing strictly by appointment via the sole agent
124 BOLTON ROAD, ATHERTON, M46 9JZ • • • •
Substantial veterinary practice located in the centre of Atherton Brand new 15-year lease with 5-yearly upward only rent reviews available upon completion of the purchase of the property let to Independent Vetcare Limited Agreed rent of £28,000 per annum exclusive Net Initial Yield of 8.22% (assuming Purchaser’s Costs at 4.8%)
Edinburgh 0131 225 6612
Glasgow 0141 204 3838
Aberdeen 01224 58866
Dan Hodge 0113 386 8806 [email protected]
Leeds 0113 243 6777
Dundee 01382 227900
Location The town of Atherton is located in the Wigan Metropolitan Borough of Greater Manchester County and lies approximately 11 miles northwest of Manchester, immediately north of Leigh and five miles east of Wigan. Road communications to Atherton are provided by means of the A577 and A579 routes, which provide access to Leigh, and the A6 route respectively. Junctions 4 and 5 of the M61 motorway are within three miles and hence the town has good connections to the national motorway system. The town has a rail station on the Manchester to Wigan route. Atherton has a population in the order of 20,000 persons and originally developed as a coal mining town. This use has now disappeared and today the town provides service industries. Bolton Road is the A579 route and carries considerable levels of traffic. The subject property is located on the north side of this route to the east of Atherton town centre and in close proximity to Atherton rail station.
Description 124 Bolton Road has, in recent years, been converted from a Public House into a Veterinary Practice with a First Floor Flat that currently accommodates a staff member from the practice itself. The property dates from the mid-1800s and is of detached two-storey property of solid brick construction under a pitched, tilecovered roof. The property has been extended to the right hand side (when viewed from the front) in single storey construction, rendered under a flat felt covered roof. Accessed via a ramp and personnel door to the rear of the property, the ground floor provides public reception/ waiting area together with consulting rooms, operating areas, office, WCs and recovery areas. These are provided by demountable and solid partitioning types.
Specification to the work areas includes plastered emulsion painted walls/ceilings, non-slip floor coverings, gas central heating and fluorescent lighting. Operating theatres and consulting rooms/public area have suspended ceilings and recessed Cat II fluorescent lighting. At the half landing, there is a small staff room providing a range of modern kitchen units. The first floor proper provides a number of rooms to form a three bedroomed flat together with ancillary space. Dealing firstly with the ancillary area, this comprises a single large room to the front of the building accessed directly from the hall. Specification includes carpeting, gas central heating radiators, wallpapered finishes and fluorescent lighting. The flat provides living room, kitchen, bathroom and three bedrooms. Specification includes carpeting, plastered, emulsion painted walls/ceiling and central heating and the kitchen/bathroom areas have modern fittings. The flat is let to the Veterinary Practice Manager as part of their working contract and provides no income at present. Finally, in relation to the interior of the building, there is a cellar area, which has three main rooms. Externally, the site provides tarmac surfaced car parking areas to the rear and right hand side of the building each containing 7 car spaces. In addition, there is a solid brick double garage under pitched, slate covered roof and, between the garage and main building, a yard including a small timber storage area and currently used as an exercise yard. The site includes a small area of vacant land, which is fenced off from the remainder and is overgrown and disused. This is steeply sloping in part to a stream, which forms the rear site boundary.
Veterinary Prac ce Recep on
Surrounding land uses are mixed commercial and residential with Bluebell Business Park to the left hand side/rear and residential uses to the right hand side along Bolton Road. There are also mixed uses to the opposite side of Bolton Road including a funeral parlour, snack bar and residential uses.
Ryden is a limited liability partnership registered in Scotland. Messrs Ryden f or the mselves and for vendors or lessors of this property whose agents they a re given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensio ns, reference to condition and necessary per missions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as state ments or representations of fact but must satisf y the mselves by inspection or otherwise as to the correctness of each of the m; (iii) no person in the employ ment o f Me ssrs Ryd en has any authority to make or give any representation or warranty whateve r in relation to this property.
Accommodation Ryden have undertaken a full measured inspection in accordance with the RICS Code of Measuring Practice (6th Edition). From this we estimate the net internal areas of the accommodation to be approximately as follows:Descrip on
Sq m
Sq
Cellar
72.81
783
Ground Floor
184.69
1,987
First Floor (flat)
89.68
965
First Floor Rem.
61.67
664
Total NIA:
408.85
4,400
Site Area We calculate from our Ordnance Survey Promap system that the site in total extends to circa 0.123 hectares (0.30 acres). The above areas should be regarded as approximate only.
Tenure We can confirm that the Freehold of the site would be offered.
Ground Floor Veterinary Prac ce
Lease Information The current owner of the property is willing to offer a brand new, 15 year term at a rent of £28,000 per annum exclusive, with 5 yearly, upward only rent reviews. The tenant who will sign the lease will be Independent Vetcare Limited. A copy of the draft lease can be provided upon request.
Tenant Independent Vetcare Limited are a national Veterinary Practice that have nearly 300 practices across the United Kingdom and had a Turnover of £84,904,965 for the Financial Year 2014-2015.
First Floor Accommoda on
EPC A copy of the Environmental Performance Certificate is available upon request.
VAT The property has been elected for VAT.
Price The property is available at a price of £325,000 which reflects a Net Initial Yield of 8.22% (assuming Purchaser’s Costs at 4.8%).
Extensive car park to the rear
FOR SALE SALE AND LEASEBACK INVESTMENT OPPORTUNITY
Viewing strictly by appointment via the sole agent
124 BOLTON ROAD, ATHERTON, M46 9JZ • • • •
Substantial veterinary practice located in the centre of Atherton Brand new 15-year lease with 5-yearly upward only rent reviews available upon completion of the purchase of the property let to Independent Vetcare Limited Agreed rent of £28,000 per annum exclusive Net Initial Yield of 8.22% (assuming Purchaser’s Costs at 4.8%)
Edinburgh 0131 225 6612
Glasgow 0141 204 3838
Aberdeen 01224 58866
Dan Hodge 0113 386 8806 [email protected]
Leeds 0113 243 6777
Dundee 01382 227900
Location The town of Atherton is located in the Wigan Metropolitan Borough of Greater Manchester County and lies approximately 11 miles northwest of Manchester, immediately north of Leigh and five miles east of Wigan. Road communications to Atherton are provided by means of the A577 and A579 routes, which provide access to Leigh, and the A6 route respectively. Junctions 4 and 5 of the M61 motorway are within three miles and hence the town has good connections to the national motorway system. The town has a rail station on the Manchester to Wigan route. Atherton has a population in the order of 20,000 persons and originally developed as a coal mining town. This use has now disappeared and today the town provides service industries. Bolton Road is the A579 route and carries considerable levels of traffic. The subject property is located on the north side of this route to the east of Atherton town centre and in close proximity to Atherton rail station.
Description 124 Bolton Road has, in recent years, been converted from a Public House into a Veterinary Practice with a First Floor Flat that currently accommodates a staff member from the practice itself. The property dates from the mid-1800s and is of detached two-storey property of solid brick construction under a pitched, tilecovered roof. The property has been extended to the right hand side (when viewed from the front) in single storey construction, rendered under a flat felt covered roof. Accessed via a ramp and personnel door to the rear of the property, the ground floor provides public reception/ waiting area together with consulting rooms, operating areas, office, WCs and recovery areas. These are provided by demountable and solid partitioning types.
Specification to the work areas includes plastered emulsion painted walls/ceilings, non-slip floor coverings, gas central heating and fluorescent lighting. Operating theatres and consulting rooms/public area have suspended ceilings and recessed Cat II fluorescent lighting. At the half landing, there is a small staff room providing a range of modern kitchen units. The first floor proper provides a number of rooms to form a three bedroomed flat together with ancillary space. Dealing firstly with the ancillary area, this comprises a single large room to the front of the building accessed directly from the hall. Specification includes carpeting, gas central heating radiators, wallpapered finishes and fluorescent lighting. The flat provides living room, kitchen, bathroom and three bedrooms. Specification includes carpeting, plastered, emulsion painted walls/ceiling and central heating and the kitchen/bathroom areas have modern fittings. The flat is let to the Veterinary Practice Manager as part of their working contract and provides no income at present. Finally, in relation to the interior of the building, there is a cellar area, which has three main rooms. Externally, the site provides tarmac surfaced car parking areas to the rear and right hand side of the building each containing 7 car spaces. In addition, there is a solid brick double garage under pitched, slate covered roof and, between the garage and main building, a yard including a small timber storage area and currently used as an exercise yard. The site includes a small area of vacant land, which is fenced off from the remainder and is overgrown and disused. This is steeply sloping in part to a stream, which forms the rear site boundary.
Veterinary Prac ce Recep on
Surrounding land uses are mixed commercial and residential with Bluebell Business Park to the left hand side/rear and residential uses to the right hand side along Bolton Road. There are also mixed uses to the opposite side of Bolton Road including a funeral parlour, snack bar and residential uses.
Ryden is a limited liability partnership registered in Scotland. Messrs Ryden f or the mselves and for vendors or lessors of this property whose agents they a re given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensio ns, reference to condition and necessary per missions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as state ments or representations of fact but must satisf y the mselves by inspection or otherwise as to the correctness of each of the m; (iii) no person in the employ ment o f Me ssrs Ryd en has any authority to make or give any representation or warranty whateve r in relation to this property.
Accommodation Ryden have undertaken a full measured inspection in accordance with the RICS Code of Measuring Practice (6th Edition). From this we estimate the net internal areas of the accommodation to be approximately as follows:Descrip on
Sq m
Sq
Cellar
72.81
783
Ground Floor
184.69
1,987
First Floor (flat)
89.68
965
First Floor Rem.
61.67
664
Total NIA:
408.85
4,400
Site Area We calculate from our Ordnance Survey Promap system that the site in total extends to circa 0.123 hectares (0.30 acres). The above areas should be regarded as approximate only.
Tenure We can confirm that the Freehold of the site would be offered.
Ground Floor Veterinary Prac ce
Lease Information The current owner of the property is willing to offer a brand new, 15 year term at a rent of £28,000 per annum exclusive, with 5 yearly, upward only rent reviews. The tenant who will sign the lease will be Independent Vetcare Limited. A copy of the draft lease can be provided upon request.
Tenant Independent Vetcare Limited are a national Veterinary Practice that have nearly 300 practices across the United Kingdom and had a Turnover of £84,904,965 for the Financial Year 2014-2015.
First Floor Accommoda on
EPC A copy of the Environmental Performance Certificate is available upon request.
VAT The property has been elected for VAT.
Price The property is available at a price of £325,000 which reflects a Net Initial Yield of 8.22% (assuming Purchaser’s Costs at 4.8%).
Extensive car park to the rear
