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1-5 Market Street, Bolton, BL1 1BU

  • Office / Retail
  • 16,324 sq ft
  • For Sale
1-5 Market Street, Bolton, Office / Retail For Sale - 15AF064D-D2CF-4DB3-8559-01D65F68E1C3.JPG
1-5 Market Street, Bolton, Office / Retail For Sale - Barclays Bolton  Internals Web3.jpg
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1-5 Market Street, Bolton, Office / Retail For Sale - Barclays Bolton  Internals Web20.jpg
1-5 Market Street, Bolton, Office / Retail For Sale - Bolton  Barclays5.jpg
Property Type Office / Retail
Tenure For Sale
Size 16,324 sq ft
Business Rates £64,380 per annum Interested parties are advised to verify this information with the Local Rating Authority
Rateable Value £116,000
Energy Performance Rating This property has been graded as D (88)

Preliminary Details

Key Features

  • Prime Central Location
  • Freehold
  • Development/Refurbishment Potential (STP)
  • Currently Let to Barclays

Description

The property provides a modern retail and office building of concrete frame construction, with accommodation arranged over basement to third floors. The building provides a banking hall at ground floor, customer reception and meeting areas at first floor, and administration, internal meeting rooms & staff facilities at second floor. The third floor is currently unused.

Available area

The accommodation comprises the following net internal floor areas:

Floor/Unit Description sq ft sq m
Basement Storage 3,090 287.07
Ground Sales 3,047 283.08
1st Offices 3,976 369.38
2nd Offices 3,523 327.30
3rd Offices 2,688 249.72
Total 16,324 1,516.55

Location

The property is situated within a prime pedestrianised pitch in the heart of Bolton Town Centre. It is strategically positioned between the two main shopping centres of Crompton Place Shopping Centre, to the east and Market Place Shopping Centre, to the north. The property fronts Victoria Square, a busy public realm which sits in front of the Grade II listed Bolton Town Hall and the Albert Halls theatre. The property benefits from two return frontages to Market Street and Oxford Street.

Retailers within the immediate vicinity include Sports Direct, Specsavers, Boots Opticians and WH Smith. Additionally, Nationwide, HSBC, TSB, RBS and Lloyds Bank all have branches in the area.

Terms

The property is for sale freehold and further details are available from the joint agents

Tenancy

The property is currently let in its entirety on a Full Repairing and Insuring lease to Barclays Bank Plc who are currently holding over at a rent passing of £200,000pax. Barclays are intending to relocate and discussions are ongoing regarding a possible short term lease extension.

Money Laundering

The Money Laundering Regulations require us to conduct checks on all purchasers. Prospective purchasers will be required to provide identification documents.

Legal Costs

Each party is to be responsible for their own legal costs incurred in this transaction.

Viewings

Strictly by appointment via the joint agents.