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15 Palmyra Sq S 2,350 SF Office Building Warrington WA1 1BL $559,810 CAD ($238.22 CAD/SF)


Investment Highlights
- Heart of Cultural Quarter
- Conversion Potential
- Overlooking Queens Gardens
Executive Summary
Location The property is prominently located on Palmyra Square overlooking Queens Gardens, within the upmarket leisure and food and drink sector of the Cultural Quarter. Surrounding properties are bar/restaurants, theatres and professional organisations. The Parr Hall, Treasury Building and Pyramid Centre are along this road. Description We are delighted to offer for sale a three storey Listed mid terraced office building, with many distinguishing character features. The building provides cellular offices with a good standard of finish. WC and kitchen facilities are provided. The main first floor office room is particularly appealing with views across Queens Gardens. Close by is the Treasury Building, which has been tastefully converted into several ‘high end’ bars and restaurants, including San Lorenzo, Kookoo, Las Ramblas, Vandal and The Terrace, it also boasts function suites and private dining experiences. On the assumption that vacant possession could be gained, we consider the property would be suitable for owner occupiers as offices or alternatively leisure or food and drink establishments, subject to planning, in this highly sought after location. The current property status is Tenanted, with an established bridal wear operator business in occupancy. The current passing rent is only £18,000 per annum and there are 7 years remaining of their 10 year Lease, with an upward only rent review in April 2028.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Subtype
Office/Residential
Building Size
2,350 SF
Building Class
B
Year Built
1896
Price
$559,810 CAD
Price Per SF
$238.22 CAD
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
587 SF
Building FAR
1.22
Lot Size
0.04 AC
Amenities
- Security System
- Storage Space
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15 Palmyra Sq S
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