Property Information
Address:
10 & 10A Friars Gate, Warrington, Cheshire
, WA1 2RW
, Cheshire
, United Kingdom
Price: Sale Price: £500,000
Size: 8382 sq ft779 sqm
Primary Category: Investment
All Categories:
Investment, Land,
Property Ref/Movehut: MH689967
Property Ref/Agent: 2108
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 12, 2024
Property description
Location
The property is situated just off Bridge Street, in the heart of Warrington Town Centre.
The property is within the main night time area of the Town and at the rear is the headquarters building of the Warrington arm of the University of Chester.
Warrington's main attribute is the surrounding road and rail networks, with two main line stations, serving north to south and east to west.
Description
We are delighted to offer for sale this most interesting investment and development opportunity.
The majority of the ground floor and basement are income producing, being let to an established local night club operator.
The upper floors provide a substantial residential conversion opportunity, subject to planning, with their own independent access already formed.
The ground floor and basement tenancy
is due to expire in May 2025 and the current rent is £21,600 per annum, however, this has been concessioned.
The upper floors and ground floor entrance benefit from full vacant possession.
The property is a substantial building of brick and predominantly slate roof construction.
The upper floors could be ideal for student accommodation, given the buildings neighbouring proximity to the University.
Tenancy Information
The majority ground floor and basement are let on a tenants effectively full repairing and insuring basis until May 2025, at a passing concessionary rent of £21,600 per annum.
The upper floors and ground floor entrance are vacant.
Asking Price
£500,000.
Established Night Club Tenant of Part
Separate Entrance to Upper Floors
1st & 2nd Floors Ideal for Residential
Backs onto University
Imposing Corner Building
;