Description

The building was constructed in 2022 has largely been developed to an industrial design and specification. The layout of the site is ideal for most occupiers, with a separate car park to the front, gated yard to the rear elevation. The building is well-proportioned, having approximately 2.1 length to depth.

Location

South Rings is a 37 acre mixed use development comprising offices, hotel, retail & leisure and industrial uses. The subject building fronts Craven drive, off the A6 which is at the intersection of 3 motorways (J29 M6, J1 M65, J9 M61). The city of Preston is 4 miles to the north, whilst Greater Manchester and Merseyside conurbations are approximately 20 miles to the south.

Key Points: Parking & Opening hours

• 9m at haunch and 11m at apex.
• 2 bay steel portal frame construction
• 3 x ground level doors to the rear elevation.
• 2 dock level (via lift system) doors suitable for single and double decked trailers.
• Modern profile metal cladding to the elevators and roof, with excellent natural light via rooflights.
• 46 car parking spaces, including 2 with EV charging and 2 disabled.
• 30m deep yard which is both gated (electric) and fenced and also has the benefit of extending beyond the building's length to give extra open stroage/vehicle parking areas.

Accommodation – floor areas

Accomodation details are below:

Areas	Size (sq ft)	Size (sq m)
Warehouse	37627.00	3462.20
Ground Floor Office and Welfare	2887.00	268.20
First Floor Office and Welfare	2794.00	259.60

Lease Term

The property is currently held by way of an existing lease, with the following key terms- Expiry date - October 2038 - Rent £7.75 per sq ft - Rent Review - the next ret review is October 2027. We can therefore offer the property by way of assignment or sublease, subject to terms being agreed. Given recent rental growth, the new rent on a sub letting will be at the current market rental value.

Planning

Use Class: B1

We understand the property benefits from B1, B2 and B8 consent, with no hours of use restrictions. Interested parties should satisfy themselves

Service Charge

We understand the property benefits from all mains services. Interested parties should satisfy themselves.

Rating Assessment

Rateable Year: 2025
Rateable Value: £262,604
Rates Payable: details on request

EPC Information

We note from the EPC register that there is a current EPC expiring in October 2032, with a score of A17. This was produced prior to the existing tenants fit out.

Contacts

Downloads

Location Map