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For SalePOA

Woodlane Garage

Office, Offices
Property type: Office, Offices
Tenure: Investment Opportunity, For Sale Freehold
Price: POA
Location: 56 - 58 Haydock Street, Newton-le-willows, WA12 9DJ
• Potential income £42,780 pa
• Potential yield of 17.1%
• Part occupied
• Car wash, garage & car sales
• Car wash lease until 2021
• 2 x 2 bed flats - first floor
• Opposite Market Street
• Town centre location

The property comprises a well established car wash, occupying the majority of the ground floor accommodation, which includes predominantly open plan work space, a waiting area and a WC. On the opposite side of the car wash there is a manager’s office with basic kitchen facilities. The front forecourt is shared between the car wash business and car sales business, with up to 10 cars capable of being parked within the car sales forecourt. There is an additional small car repair workshop to the right hand side of the car wash. There are 2 x 2 bedroom flats to the first floor, both accessed from opposite sides of the building.

The property is located towards the southern end of Haydock Street in the Earlestown District of Newton-le-Willows. Within the immediate vicinity there is a Wilko, Tesco and Greggs, together with other national and local independent retailers, on what is a busy town centre location.

Flat 1 57m2 616ft2
Flat 2* 57m2 616ft2
Carwash 158m2 1700ft2
Garage 39m2 415ft2
Forecourt Office 9m2 94ft2
Small Office 26m2 275ft2
Total 346m2 3724ft2
Approx. gross internal floor area

The property is freehold

Flat 1 briefly comprises of a fully fitted kitchen, having high gloss tiled flooring, tiled splashbacks, integrated oven, hob and extractor. The fully tiled bathroom, consists of white three piece suite with shower over bath. The flat has two good sized bedrooms and a lounge which are all fully carpeted and have the benefit of double glazing. Flat 2 has not been inspected, however, we have been advised the accommodation is similar in size, specification and condition to Flat 1.

Investment Analysis
Star Car Wash and associated forecourt is currently held on a 5 year lease until 12/04/2021, at a current rental income of £15,000 pa, with a set increase to £18,000 pa in years 4 & 5.

The property is currently generating £34,680 per annum.
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