BLACKPOOL TECHNOLOGY MANAGEMENT CENTRE - FARADAY WAY BLACKPOOL FY2 0JW HIGH YIELDING OFFICE INVESTMENT FOR SALE - Carrick Real Estate.
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BL ACKPOOL TECHNOLOGY MANAGEMENT CENTRE FARADAY WAY BL ACKPOOL FY2 0JW HIGH YIELD ING OFFICE INVESTMENT FOR SALE
INVESTMENT
SUMMARY
22,890 sq.ft office building with extensive car parking
Located within Blackpool Technology Park in Bispham
to the north of Blackpool town centre
Suites range from 243 sq.ft
Long Leasehold
Total passing rent £174,435 per annum, reflecting an
average low rent of £7.16 per sq.ft
The property has been managed since it’s completion, by
Barnfield Construction’s in-house property management
company.
Offers in excess of £2,000,000 (Two Million Pounds)
subject to contract and exclusive of VAT. A purchase at
this level reflects an attractive Net Initial Yield of 8.21%
(assuming purchaser costs of 6.28%).
Low capital value of £87 per sq.ft which is below the
replacement cost of the building
HIGH YIELDING OFFICE INVESTMENT FOR SALE
BL ACKPOOL TECHNOLOGY MANAGEMENT CENTRE FARADAY WAY, BL ACKPOOL, FY2 0JW
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HIGH YIELDING OFFICE INVESTMENT FOR SALE
BTMC
BUILDING
LOCATION
The asset is in the suburb of Bispham, approximately
3 miles north of Blackpool town centre. The property is
located at the entrance to Blackpool Technology Park
which is accessed off Faraday Way, north of Blackpool
town centre and close to the A585 (Fleetwood Road)
the arterial route which in turn leads directly to junction
3 off the M55 motorway.
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Surrounding occupiers include Royal Mail, MAC
Clinical Research, HM Revenue and Customs,
Keyworker Homes & Edmundson Electrical.
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BL ACKPOOL TECHNOLOGY MANAGEMENT CENTRE FARADAY WAY, BL ACKPOOL, FY2 0JW
Suite Arae Tenta Rent Lease Strta Lease Expiry Coments
TENANCY (sq.ft) (p/a)
SCHEDULE 1 1,150 The Hospitality
Academy
£8,250 13/10/2017 12/10/2019 Holding over
2 375 Vacant £3,000 12 month rent/rates and service charge guarantee
3 760 Pentagull Ltd £4,940 01/08/2011 31/03/2012 Holding over
4 570 Claire Maulkim £3,420 01/05/2014 30/04/2015 Holding over
5 570 Carter Machinery Co Ltd £3,895 01/12/2015 30/11/2016 Holding over
6 760 Yellowphin Ltd £6,080 01/06/2019 31/05/2022
7 1,150 Smartpay £11,500 30/11/2012 29/11/2015 Holding over
8 375 Amaze m
U brella Ltd £3,500 05/12/2017 04/12/2019 Holding over
9 375 Vacant £2,625 12 month rent/rates and service charge guarantee
10 765 Chris Hoyle £5,355 27/12/2017 26/12/2022
11 685 Paul Maynard MP £4,795 01/12/2016 01/07/2020
12 1,150 MCM Medical Ltd £8,000 01/05/2017 30/03/2021
13 375 Fyled First Aid £2,425 02/01/2018 01/01/2019 Holding over
14 735 Holemasters Demtech £5,328 16/10/2017 15/10/2020
Ltd
15 1490 Happy Days Lancashire £8,940 01/03/2013 29/02/2016 Holding over
Ltd
16 800 Create Care Training £5,600 01/03/2018 28/02/2021
17/18 5,000 Vacant £35,000 12 month rent/rates and service charge guarantee
19 790 Vacant £5,530 12 month rent/rates and service charge guarantee
20 2,050 Partner Plus Media £14,350 04/04/2018 22/04/2021
Holdings Ltd
20a 1,062 Partner Plus Media £7,434 01/03/2019 22/04/2021
Holdings Ltd
21 1,070 Pin Point Media Ltd £7,500 01/09/2018
22 310 Mansource Ltd £2,480 16/09/2019 15/09/2022
23 243 Vacant £1,701 12 month rent/rates and service charge guarantee
24 280 Vacant £1,960 12 month rent/rates and service charge guarantee
Car Park Lisa Riley & Suzi Smith £10,800 Rolling Contract
22,890 £174,435
BL ACKPOOL TECHNOLOGY MANAGEMENT CENTRE FARADAY WAY, BL ACKPOOL, FY2 0JW
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DESCRIPTION
The office building is a two storey development
offering high quality office accomodation over the
two floors, along with meeting rooms, kitchen and TENURE CAPITAL ALLOWANCE
WC facilities. Long Leasehold There is no unclaimed capital allowance available.
The office suites benefit from the following
specification: EPC VAT
An Energy Performance Certificate (EPC) The property has been elected for VAT. Subject to the purchaser
• Carpeting is available upon request. confirming their VAT status, it is anticipated the transaction will be
• Painted plastered walls / painted block walls treated as a Transfer of a Going Concern (TOGC).
• Suspended ceilings incorporating grid lighting
ANTI-MONEY L AUNDERING
• Perimeter trunking for power and data
In accordance with Anti-Money Laundering
PROPOSAL
cabling Regulations, two forms of identification and Offers in excess of £2,000,000 (Two Million Pounds) subject to
• Powder coated aluminium windows with confirmation of the source of funding will be required contract and exclusive of VAT. A purchase at this level reflects an
tinted double glazing from the successful purchaser. attractive Net Initial Yield of 8.21% (assuming purchaser costs of
6.28%).
• Lift
• 132 car parking spaces
Site area circa 1.5 acres
HIGH YIELDING OFFICE INVESTMENT FOR SALE
FURTHER INFORMATION
For further information or to arrange a viewing,
please contact Steve Carrick:
0161 806 0455 07711 042 584 sc@carrickre.com
IMPORTANT NOTICE:
These are not an offer or contract, nor part of one. You should not rely on statements by Carrick Real Estate in
the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property,
its condition or its value. Neither Carrick Real Estate has any authority to make any representations about the
property, and accordingly any information given is entirely without responsibility on the part of the agents,
urfo
seller(s) or lessor(s). Photos etc: The photographs show only certain parts of the property as they appeared at
the time they were taken. Areas, measurements and distances given are approximate only. Regulations etc:
Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning,
building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in
other ways that these matters have been properly dealt with and that all information is correct. VAT: The VAT
position relating to the property may change without notice. Carrick Real Estate is a limited company registered
in England with registered number 10893418. Our registered office is Canada House, 3 Chepstow Street,
Manchester, M1 5FW where you may look at a list of members’ names.
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BL ACKPOOL TECHNOLOGY MANAGEMENT CENTRE FARADAY WAY, BL ACKPOOL, FY2 0JW
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