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Station Court – Rawtenstall

Office for sale

£2,500,000 30,515 sq ft Space for 283 people (est)

Hurstwood Holdings
Contact name
Sian Hindle
Full address
Station Court, New Hall Hey Road, Rossendale, Rawtenstall, Lancashire BB4 6AJ – Rawtenstall
Contact details

020 *** ****

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Property type
Office for sale
Asking price
£2,500,000
Features
Air conditioning, Business park, Courtyard, Kitchen, Refurbished, Restaurant, Train transport
Size
30,515 sq ft
Estimated space
283 people
Tenure
Freehold
NIY (%)
10.97
Brochure
Download the brochure

Hurstwood Holdings Free Phone 0800 996 1999 Home Locations Available Properties Offers Blog Contact us Crystal Homes Spring Offers Bridgewater House Century House Orient one Hafley Court Navigation Business park Q4 Quorum Business Park Plot of the month Albion Gardens The Waterfront Contact page Emergency Contacts Team Greater Manchester Office 61 Mosley Street 72 Bridge Street Nexus The Esplanade Hafley Court Navigation Business Park Industrial Agecroft Enterprise Park The Cobden Centre Leigh Business Park Waybridge Industrial Estate Grosvenor House More Merseyside Office Century House Switch House Industrial Millers Bridge Industrial Estate Cheshire Office Northwich Business Centre Chelford House Edwin Foden Business Centre Hampton Court Industrial Portside Industrial Estate Ikon Retail 15 - 17 High Street More Lancashire Industrial Lansil Industrial Estate Hurstwood Court Lune Business Park Office Marshall House Ribble House Bridgewater House Railway House Retail 148 High Street Residential The Waterfront More Rossendale Office Hardmans Mill Hurstwood Court Orient One Business Centre Link 665 Business Centre Station House Building 5 New Hall Hey New Hall Hey Business Centre Grove House Leisure/Retail The Boar's Head The Crown Hotel 23-27 Bacup Road Orient One Residential 73 Bank Street Industrial The Courtyard Three Point Business Park Waterside Industrial Estate Taylor Court New Hall Hey Industrial Park More Yorkshire Office North Lane House Woodhead House Crown House Residential Albion Gardens More Newcastle Office Q4 | Quorum Business Park Scotland Office Alex House Wales Industrial Bersham Enterprise Centre Residential Min Y Don Swindon Office Gemini House 89
The site is situated on the edge of Rawtenstall town centre in a prominent position on New Hall Hey Road, just off Bury Road in an established business location next to New Hall Hey Retail Park. The Retail park includes occupiers such as TK Maxx, M&S Food Hall and Aldi.
The site has excellent access to the motorway networks linking Rossendale, Manchester and Blackburn yet are close enough to the local amenities provided with Rawtenstall Town Centre, which is only a few minutes walk away.
Manchester City Centre is less than 30 minutes drive during most times of the day, and the Lancashire towns of Bury, Blackburn and Burnley can all be reached in less than 20 minutes.
Station House is a detached stone built building with a pitched slate roof and comprises a self contained restaurant on the ground floor and multi-let offices on the upper three floors. The office suites on the upper floors have their own separate access and have been refurbished to a good standard throughout and include shared kitchen and WC facilities. The ground floor restaurant is occupied by The Village Stores (Helmshore) Ltd. t/a The Fireput Restaurant and they have been trading in this location since 2014.
Orient One was originally constructed as a Kwik Save supermarket and has subsequently been occupied by 99p Stores until relatively recently. The property is a detached bradstone clad building with a steel portal frame and it is currently split into two parks. The whole of the ground floor is retail accommodation and the first floor is separately accessed providing multi-let office accommodation. The retail accommodation which is currently vacant benefits from air conditioning throughout and there is also a large yard/external area to the rear of the building, which allows the unit to lend itself to a number of different purposes (subject to planning). Orient One Business Centre is first floor office accommodation currently let to 8 different tenants on varying lease terms. This business centre has its own separate access and currently has one vacant suite available to let.
We are seeking offers in the region of £2.5m (two million give hundred thousand pounds). A purchase at this level reflects a Net Initial Yield of 4.89% and a reversionary yield of 10.97% once the Orient One (Retail) unit has been let, assuming standard purchasers costs of 6.38%.

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