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31 Chorley New Rd 1,783 sq ft Office Property Bolton BL1 4QR £300,000 (£168.26/sq ft) 8.07% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prominent Georgian office building with parking.
- Bolton Town Centre is approximately 0.5 miles south east and is within walking distance.
- Prestigious terrace of professional occupiers.
EXECUTIVE SUMMARY
The property is let to the Bolton Impact Trust who also occupy number 33 & 35 in the same block. The term expires 13/5/2030 and there is a tenants break clause 13/6/2026 by serving not less than 6 months in advance. The tenant occupies on a full repairing and insuring lease let subject to a schedule of condition.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
1,783 sq ft
Costar Property Class
B
Year Built
1912
Price
£300,000
Price per sq ft
£168.26
Yield
8.07%
NOI
£24,210
Tenancy
Single
Number of Floors
4
Typical Floor Size
446 sq ft
Plot ratio
0.88
Total Plot Size
0.05 ac
Parking
4 Spaces (2.24 Spaces per 1,000 sq ft Leased)
AMENITIES
- Fenced Lot
- Security System
- Accent Lighting
- Roller Shutters
- Storage Space
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31 Chorley New Rd
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