Potter 1 & Allied Business Centre Potter Place, West Pimbo Industrial Estate Skelmersdale Lancashire WN8 9PW

  • Potter 1 & Allied Business Centre<br>Potter Place, West Pimbo Industrial Estate<br>Skelmersdale<br>Lancashire<br>WN8 9PW

Potter 1 & Allied Business Centre
Potter Place, West Pimbo Industrial Estate
Skelmersdale
Lancashire
WN8 9PW

Substantial Office and Warehouse investment

  • Situated on an established industrial estate less than a mile from Junction 5 of the M58
  • Comprises approximately 30,421 sq ft of offices and 117,800 sq ft of warehouse accommodation
  • Approximate site area of 4.35 hectares (10.74 acres), reflecting a low site coverage of 32%
  • Asset Management Opportunities
  • Future redevelopment potential (subject to consents)
  • Nearby occupiers include Procter & Gamble, Carrylift Group, Pesico International, Flow-Tech and SCA
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    48
  • Auction
    9th July 2015
  • Rent
    £166,955 per Annum Exclusive
  • Status
    Sold
  • Price
    £300,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of joint administrators Smith&Williamson
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Substantial Office and Warehouse investment

  • Situated on an established industrial estate less than a mile from Junction 5 of the M58
  • Comprises approximately 30,421 sq ft of offices and 117,800 sq ft of warehouse accommodation
  • Approximate site area of 4.35 hectares (10.74 acres), reflecting a low site coverage of 32%
  • Asset Management Opportunities
  • Future redevelopment potential (subject to consents)
  • Nearby occupiers include Procter & Gamble, Carrylift Group, Pesico International, Flow-Tech and SCA
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 48
  • Auction 9th July 2015
  • Rent £166,955 per Annum Exclusive
  • Status Sold
  • Price £300,000
  • Sector
    Office
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of joint administrators Smith&Williamson

Property Information

Location
Miles
20 miles north-east of Liverpool
30 miles north-west of Manchester
68 miles south-west of Leeds
Roads
A577 Pimbo Road, M58 (Junction 5) & M6 (Junction 26)
Rail
Upholland Railway Station, Wigan Railway Station
Air
Liverpool John Lennon Airport
Situation

The property is situated in a prominent position on Potter Place, accessed directly off the A577 Pimbo Road, a ¼ of a mile from Junction 5 of the M58 connecting Liverpool and Manchester. The property forms part of the established West Pimbo Industrial Estate which houses major occupiers including Procter & Gamble, Carrylift Group, Pepsico International, Flow-Tech and SCA.

Tenure

Long Leasehold. Held from Honeywell UK Limited for approximately 110 years from 17th December 2004 until 28th July 2114 at a current rent reserved of £102,000 per annum. The rent is reviewed 7 yearly to a ground rental value with the next review on 1st August 2017.

Location
Miles
20 miles north-east of Liverpool
30 miles north-west of Manchester
68 miles south-west of Leeds
Roads
A577 Pimbo Road, M58 (Junction 5) & M6 (Junction 26)
Rail
Upholland Railway Station, Wigan Railway Station
Air
Liverpool John Lennon Airport
Situation

The property is situated in a prominent position on Potter Place, accessed directly off the A577 Pimbo Road, a ¼ of a mile from Junction 5 of the M58 connecting Liverpool and Manchester. The property forms part of the established West Pimbo Industrial Estate which houses major occupiers including Procter & Gamble, Carrylift Group, Pepsico International, Flow-Tech and SCA.

Tenure

Long Leasehold. Held from Honeywell UK Limited for approximately 110 years from 17th December 2004 until 28th July 2114 at a current rent reserved of £102,000 per annum. The rent is reviewed 7 yearly to a ground rental value with the next review on 1st August 2017.

Description

The property comprises a two storey serviced office known as the Allied Business centre, totalling approximately 2,826.13 sq m (30,421 sq ft) and subdivided into a range of individual suites with on-site parking. To the rear is a substantial warehouse of approximately 10,943.68 sq m (117,800 sq ft) with an eaves height of 6.7m which has been split into three self-contained units benefiting from individual yards.

Note
This property is being marketed for sale on behalf of Joint Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a two storey serviced office known as the Allied Business centre, totalling approximately 2,826.13 sq m (30,421 sq ft) and subdivided into a range of individual suites with on-site parking. To the rear is a substantial warehouse of approximately 10,943.68 sq m (117,800 sq ft) with an eaves height of 6.7m which has been split into three self-contained units benefiting from individual yards.

Note
This property is being marketed for sale on behalf of Joint Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Use Floor Areas (Approx) Tenant Term Rent p.a.
Suite A1 Office
25.08 sq m
(270 sq ft)
 WEST LANCS PEER SUPPORT Tenancy at will from 18/06/2007 £2,700
Suite A2 Office
29.08 sq m
(313 sq ft)
 RESPONSE RECRUITMENT LIMITED Tenancy at will from 05/06/2008 £3,129.96
Suite A3 Office
251.57 sq m
(2,708 sq ft)
 RJ GILL LLP (1) Tenancy at will from 25/11/2006 £29,788
Suite A4 Office
37.25 sq m
(401 sq ft)
 PASSING POINT TRAINING LIMITED Tenancy at will from 09/11/2009 £4,812
Suite A5 Office
91.51 sq m
(985 sq ft)
 PRIMOTEK ASSOCIATES LIMITED Tenancy at will from 27/10/2008 £9,894.96
Suite A6a Office
10.59 sq m
(114 sq ft)
 PASS POINT TRAINING LIMITED Tenancy at will from 01/03/2012 £1,200
Suite A7 Office
26.01 sq m
(280 sq ft)
 PRIMOTEK ASSOCIATES LIMITED Tenancy at will from 25/01/2010 £2,799.96
Suite A9 Office
98.85 sq m
(1,064 sq ft)
 ACI REPORTS LIMITED Tenancy at will from 25/03/2013 £7,500
Suite A11 Office
47.01 sq m
(506 sq ft)
 PARK STREET FURNISHINGS LIMITED Tenancy at will from 04/05/2010 £5,250
Suite B1 Office
111.48 sq m
(1,200 sq ft)
 RJ GILL LLP (1) Tenancy at will from 01/03/2010 £13,200
Suite B2 Office
46.45 sq m
(500 sq ft)
 GMC-I PROSYS LIMITED (2) Tenancy at will from 25/05/2014 £3,600
Suite B3 Rear Office
39.95 sq m
(430 sq ft)
 M P DIGITAL PRINT Tenancy at will from 13/05/2013 £5,160
Suite B4/5 Office
143.72 sq m
(1,547 sq ft)
 GMC-I PROSYS LIMITED (2) Tenancy at will from 25/07/2012 £4,500
Suite C1 Office
647.52 sq m
(6,970 sq ft)
 GMC-I PROSYS LIMITED (2) Tenancy at will from 07/01/2008 £48,790
Suite C3/C4/C5 Office
165.08 sq m
(1,777 sq ft)
 GMC-I PROSYS LIMITED (2) Tenancy at will from 11/11/2013 £15,993
Suite C6 Office
69.68 sq m
(750 sq ft)
 NEWCORP COMPUTER SERVICES LIMITED Tenancy at will from 25/09/2013 £4,400
Suite C8 Office
69.68 sq m
(750 sq ft)
 BARRINGTON LEWIS LAW LIMITED Tenancy at will from 25/06/2014 £9,000
Suite C8a Office
10.68 sq m
(115 sq ft)
 FJC SYSTEMS LIMITED Tenancy at will from 25/04/2012 £1,380
Suite C9 Office
21.37 sq m
(230 sq ft)
 FJC SYSTEMS LIMITED Tenancy at will from 25/12/2008 £2,300.04
Suite C10 Office
46.45 sq m
(500 sq ft)
 ACCOUNTING SERVICE (WEST LANCS) LIMITED Tenancy at will from 25/12/2008 £5,000.04
Suite C16 Office
13.56 sq m
(146 sq ft)
 NORTH WEST EXPRESS Tenancy at will from 25/04/2014 £1,605.96
Suites A6, A8, A10,
B3, B6, C2, C7, C11, C12, C14, C15		 Offices
823.56 sq m
(8,865 sq ft)
 VACANT POSSESSION    
Warehouse 1 Warehouse
863.98 sq m
(9,300 sq ft)
 VACANT POSSESSION (3)    
Warehouse 2 Warehouse
5,202.43 sq m
(56,000 sq ft)
 VACANT POSSESSION    
Warehouse 3 Warehouse
4,877.28 sq m
(52,500 sq ft)
 MESSENGER EXPRESS STORAGE LIMITED Tenancy at will from 28/05/2011 (4) £78,750
Container 101  
LEE BLOWES Tenancy at will from 08/07/2013 £1,040.04
Container 102  
RJ GILL LLP Tenancy at will from 25/03/2014 £1,040.04
Container 105  
TASIA RAMEJKIS Tenancy at will from 25/05/2012 £1,299.96
Container 109  
RJ GILL LLP Tenancy at will from 12/08/2013 £867
Containers 103, 104, 106, 107, 108, 110  
VACANT POSSESSION    
Totals  
13,769.81 sq m
(148,221 sq ft)
     £264,955.96

(1) Heads of Terms have been agreed for RJ Gill LLP to take a new five year lease with break option at a total rent of £45,000 per annum inclusive for Suites A3 and B1.
(2)Heads of Terms have been agreed for GMC-I Prosys Ltd to take a new five year lease with break option at a total rent of £97,625 per annum inclusive with three months rent free for Suites B4/B5, B6, C1, C2, C3.
(3)Heads of Terms have been agreed for Messenger Express Storage Ltd to take a new two year lease at a rent of £15,066 per annum exclusive with a two month rolling tenant option to determine.
(4)Heads of Terms have been agreed for Messenger Express Storage Ltd to take a new six year lease at a rent of £85,050 per annum exclusive with a tenant option to determine the lease in year three.

Contacts

Seller's Solicitors
Womble Bond Dickinson LLP One Trinity, Broad Chare
Newcastle upon Tyne
NE1 2HF
Nicholas Younger 0191 279 9350nicholas.younger@bonddickinson.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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