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Investment For Sale
| Ena Works, Duke Street, St. Helens, Merseyside, WA10
Key Features
- 15,162 Sq Ft (1,408.55 Sq M)
- For Sale: £1,275,000 for the Freehold
- 3 floors redeveloped in 2023/24 to the highest specification.
- £248,657 ERV (adopting achieved rate of £16.40 psf)
- Located in the Town Centre which is undergoing regeneration.
- 15,162 sqft of workspaces, retail or hospitality
- Rare opportunity to acquire a multi-let investment with excellent growth potential
Property Description
The property is a substantial mid-century, three storey commercial building on Duke Street, refurbished to a high modern standard and currently operating as a flexible workspace and mixed-use investment property. The ground floor is arranged as two self-contained retail units, both currently occupied by two established & linked tenants: a tattoo artist and a training academy. One unit benefits from prominent frontage onto the busy Duke Street, while the other fronts Volunteer Street in a well-established retail location. Both units include their own WC and kitchen facilities.
Ena Works itself is accessed via a private gated entrance from the side car park. The first and second floors provide 13 modern office suites, resident desk and hot desking areas, a boardroom for up to 10 people and two smaller one-to-one meeting spaces. These floors also benefit from shared WC and kitchen facilities, full door access control and highspeed broadband/Wi-Fi throughout. The building is concrete framed with concrete floors throughout, external brick elevations and a mainly flat roof with a pitched roof section to the front. There is a lift within the building, which would benefit from upgrading and refurbishment. Externally, the property benefits from a 28-space car park, with passive income, and additional two hour parking available nearby plus several pay and-display car parks within a short walk. The sale also includes the established Ena Works brand and associated assets, including the website (enaworks.space) and social media accounts. At around 70% occupancy, with established businesses already invested in their spaces, Ena Works offers a strong existing income base with clear opportunity for further growth through the letting of remaining suites and the development of the resident desk and hot desking model.
Ena Works itself is accessed via a private gated entrance from the side car park. The first and second floors provide 13 modern office suites, resident desk and hot desking areas, a boardroom for up to 10 people and two smaller one-to-one meeting spaces. These floors also benefit from shared WC and kitchen facilities, full door access control and highspeed broadband/Wi-Fi throughout. The building is concrete framed with concrete floors throughout, external brick elevations and a mainly flat roof with a pitched roof section to the front. There is a lift within the building, which would benefit from upgrading and refurbishment. Externally, the property benefits from a 28-space car park, with passive income, and additional two hour parking available nearby plus several pay and-display car parks within a short walk. The sale also includes the established Ena Works brand and associated assets, including the website (enaworks.space) and social media accounts. At around 70% occupancy, with established businesses already invested in their spaces, Ena Works offers a strong existing income base with clear opportunity for further growth through the letting of remaining suites and the development of the resident desk and hot desking model.
Location
The property is located fronting Volunteer Street & Duke Street - the main road out from the Town Centre to Liverpool. The immediate land use in the area is retail, office and bars. It's location makes Ena Works convenient for employees, suppliers, and clients with doorstep amenities including banks, post office,
library, retailers, bars & restaurants. The town centre is currently being transformed with a once-in-a-lifetime regeneration project bringing new hotels, retail units, market hall, transport interchange, public spaces & homes.
library, retailers, bars & restaurants. The town centre is currently being transformed with a once-in-a-lifetime regeneration project bringing new hotels, retail units, market hall, transport interchange, public spaces & homes.