Industrial Investment For Sale , Units 1-4 Trinity Retail Park, Springfield, Bolton, BL2 1HY

The property comprises a row of terraced retail trade counter style warehouse units of steel portal frame construction beneath pitched steel sheet roofing with part brick, part blockwork, part steel clad elevations.

Unit 1 is vacant and currently in shell form.

Units 2/3 are leased to Jump Extreme a children's trampoline centre.

Unit 4 is sold off to Urban Outreach on a 150 year lease.

There is a large car park with more than 200 spaces.
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( Agency Pilot Software ref: 1456 )

Location

The property is located on Springfield off Bradford Street (A579) in Bolton, Greater Manchester. St Peters Way (A666) is within close proximity which provides easy access to Junction 2 of the M61 leading to junction 14 of the M60 motorway.

Bolton Town Centre is less than 1 mile to the North West. Nearby occupiers include Arnold Clark Motorstore, Burger King and Costa Coffee.

Bolton is situated 10 miles north west of Manchester and 6 miles west of Bury.

Accommodation

Unit 1 Vacant 10,046 sq ft

Units/2/3 Let to JXL Ltd t/a Jump Extreme 20,080 sq ft

Total 30,126 sq ft

Terms

LEASE OPPORTUNITY

Unit 1 is currently vacant and in shell form and offers a blank canvas for a new tenant to come in and fit out for their proposed use. It has an ERV of c £10/sqft.

Units 2/3 are let to JXL Ltd trading as Jump Extreme. The lease is for a term of 10 years from 13th Nov 2015, with 5 year reversionary lease extension from 13th Nov 2025 expiring Nov 2030. The passing rent is £160,000pa equating to c £8/sq ft. JXL Ltd t/a Jump Extreme have an Experian score of 77 (below average risk).

JXL Ltd t/a Jump Extreme currently have two operations in Bolton and Tamworth, Midlands.

Specification

• Part let to Jump Extreme at £160,000pa with lease extension expiry 2030. 
• Freehold asset. 
• Large car park with 200 plus spaces. n
• ERV of £260,000pa when vacant unit let. 
• Purchase price of £2.35m represents net initial yield of 10.43% based on ERV. 
• Low capital value of £78/sq ft