Huge Pendle 'industrial village' on the market for nearly £3m.

A multi-tenanted 'business village' in Pendle has been put up for sale for £2.65m.
Outline of Lomeshaye Business VillageOutline of Lomeshaye Business Village
Outline of Lomeshaye Business Village

Lomeshaye Business Village, located next to junction 12 of the M65, comprises a mix of industrial and office units as well as a cafe, meeting rooms, breakout spaces and storage units.

There are currently just under 100 individual businesses housed on the site, contributing to a net rental income of £283,308

Hide Ad
Hide Ad

Property consultants Trevor Dawson have listed the building on behalf of BizSpace Limited.

Lomeshaye Business Village, which is on the market for £2.65m.Lomeshaye Business Village, which is on the market for £2.65m.
Lomeshaye Business Village, which is on the market for £2.65m.

Part of the listing reads: "The freehold interest is being sold subject to 98 existing occupational tenancies which comprise a combimation of in house rolling licences which include rent/licence fees, all insurance contributions, service charges, telecoms and utility standing charges.

"Customers are liable for their own business rates and electricity. Licence agreements are mostly on rolling 3

month periods, with mutual options to determine.

"The property currently produces a gross income of £473,174 per annum. The current operating costs are £189,866 per annum and include the provision to broadband, utility costs (net of utility income), staff costs, refuse collection, cleaning, security, electricity, insurance and general repairs.

Hide Ad
Hide Ad

"There are a number of centrally handled functions including marketing, sales and maintenance which are not included within the cost base provided."

The occupancy level is currently at approximately 68% across the entire complex.

Adjacent to the centre is a separate area of land, approximately 0.56 hectares, which is available by separate negotiation, and provides an opportunity for further development.

Related topics: