Chartered Surveyors, Property Consultants, Valuers & Estate Agents Peter E Gilkes & Company

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 Sales Brochure
 Site Plan
 Proposed Site Plan


Peter E Gilkes & Company

44 Market Street
Chorley
Lancashire
PR7 2SE

T 01257 266999
F 01257 264256

E Office/Enquiries

www.peteregilkes.co.uk

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FOR SALE C0807 - Standish Street Mill & Vyking Mill, Standish Street, Chorley, PR7 3AH


PRICE
£600,000

Five-storey former textile mill and warehouse

Central location with extensive road frontage

Re-development potential with lucrative units

Site area 0.4 hectares (1 acre) or thereabouts

 

Description

The premises are an early 19th Century five-storey Spinning Mill and adjacent single-storey warehouse/mill building occupying a central location close to the Town Centre and surrounded by prestigious neighbouring occupiers including Evans Halshaw (Ford Motor Distributors), Wilson & Co (Vauxhall Motor Distributors), Kwik Fit and on Chorley Retail Park to the rear, Wickes, Dominoes Pizza, Subway and KFC.

The site is approximately 0.4 hectares (1 acre) with extensive road frontage of some 102 meters (111 yards) and is ideally suited for re-development with small workshop/warehouse units which command lucrative premium prices and rentals, and for which there is a strong unsatisfied demand.

In the 18 months up to September 2017 Chorley Council’s Economic Development Department received 27 enquires for units up to 1500 sq.ft and 23 enquiries for properties of 1500 sq.ft to 4000 sq.ft.

Location

Proceeding south out of Chorley on Market Street which becomes Bolton Street, Standish Street is on the left opposite Asda Supermarket.

Accommodation

The accommodation at present is provided over five floors in Standish Street Mill and on the ground floor of Vyking Mill with extensive total floor area of over 4,750 sq.m (51,250 sq.ft).

CIL

It is expected the current floor area can be used to offset CIL (Community Infrastructure Levy).

Planning

Pre-Application Advice has been provided by Chorley Borough Council dated 21st December 2017 confirming site is presumed to be suitable for sustainable development and that the scheme as illustrated and submitted with the enquiry for small workshop/warehouse units would be acceptable.

The scheme as submitted shows a total of 1802 sq.m (19400 sq.ft) in 12 units but which could be subdivided to provide 22 units. Additional space could also be created should mezzanine space be created at first floor level.

Parking is provided within the scheme and the advice suggests that some relaxation on standard parking provision could be negotiated due to the central and sustainable location and the site being within easy walking distance of transport interchange.

Tenure

It is understand the site is Freehold and free from Chief Rent.

Assessment

The premises are currently assessed as factory and premises to a rateable value of £36,500 per annum.

Services

Mains gas, electricity and water supplies are laid on and the drains are believed to connect into the mains sewer.

Tele-Communication

At present the site supports telecommunication operators’ apparatus which the Vendor will arrange to be re-sited.

To View

Strictly by appointment with Peter E Gilkes & Company and with whom all negotiations should be conducted.