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For Sale£750,000.00

FOR SALE- Fowlers Depot, Mellishaw Lane, Morecambe, LA3 3DU

Retail, Industrial, Warehouse, Offices, Land, Commercial Land , 23358 Sq Ft
Property type: Retail, Industrial, Warehouse, Offices, Land, Commercial Land
Tenure: For Sale Freehold
Size: 23358 Sq Ft
Price: £750,000.00
Location: Fowlers Depot, Mellishaw Lane, Morecambe, LA3 3FB
Additional Sizes: 2.165 - 2.165 Acres
The site and premises occupy a prominent position fronting onto Mellishaw Lane at its junction with Vickers Way adjacent to a Volkswagen motor dealership. The immediate area comprises a range of motor trade and trade retail businesses in
addition to Sunnyfield Retail Park.

White Lund Industrial Estate is also locate immediately to the north east being one of the
areas most established business parks.

The newly opened Heysham bypass (A683) provides excellent communications with junction 34 of the M6 being approximately 3.5 miles to the north east.

The property comprises a detached warehouse of portal frame construction surmounted by insulated
steel profile cladding beneath a profile clad roof dating back to approximately 1994.

The warehouse is accessed from the yard via 5 commercial doors being mixed roller shutter and
concertina in addition to several personnel doors. The warehouse provides clear span
accommodation with approximate eaves height of 6.25 m.

Offices are provided over 2 floors at the at the south east corner of the warehouse.

The property is situated within a large secure yard area of mixed concrete, tarmac and hardcore finish.

The gross internal floor areas have been estimated as follows:-
m² ft²
Warehouse 1,860 20,021
Offices 310 3,337
Total 2,170 23,358
We estimate that the gross site area extends to approximately 0.88 hectares (2.165 acres)

We understand the premises generally benefit from mains electricity (3-phase), gas and water. Drainage is to a private septic tank.

The site further benefits from a wind turbine.

The site has 2 rateable values of £79,500 (Warehouse & premises) & £5,700 (Storage containers). Interested parties are, however, advised to make their own separate enquiries with Lancaster City Council (tel. 01524 582920).

We understand that the premises benefit from planning permission generally within class B2 & B8
of the Town & Country Planning (Use Classes) Order 1987 (as amended).

Interested parties should make their own enquiries via the Local Planning Authority, Lancaster City
Council (01524 582900).

Tenure and occupational lease information
The site and premises are available freehold, subject to an occupational lease to F.O.M
Removals Ltd (Company number 03979129) for the remainder of a 9 year lease w.e.f 1st March 2015 at a passing rent of £49,200 per annum, exclusive. The lease does not include any rent reviews. The lease is available upon request.

Offers are invited in the region of £750,000. A purchase at this level reflects a net initial yield of 6.18%, an attractive reversionary yield of 13.33% and low capital value of £27.63 per ft² (assuming a value of £150,000 for 1 acre of surplus land) after purchaser costs of 6.05%.
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