Availability

For Sale

Key Points

• Manchester is the dominant city and commercial centre within the North West region of the UK.
• An optimum location for last mile distribution, adjacent to the A56 arterial route and 0.8 miles south west of the junction with the A57 (M) inner ring road.
• A combined floor area of 27,452sqft, with a low site cover of 23%, arranged as 52% warehouse and 48% office accommodation.
• Site area of two acres including 0.35 acres of land currently underlet to a nearby car dealership that is capable of development in the future.
• Large concrete covered service yard at the rear providing potential for expansion of the existing buildings.
• The entire property is leased to OCS Group UK Limited on a short-term basis and generates a current income of £168,970 per annum reflecting a low rate of £6.15 per sqft.
• Vacant possession is imminently available at minimal cost.
• A proposed 205,000sqft distribution warehouse development on adjoining land highlights the strength of the location and will introduce complementary critical mass.
• Long leasehold tenure – c.968 years unexpired at a rent of one peppercorn and with no restrictions on use.
• Seeking offers in excess of £2,200,000 (subject to contract) which reflects a very low capital value rate of approximately £80.00 per sqft and a land value. reflecting c.£1,100,000 per acre.

Description

Modern warehousing and offices occupying a strategically located two acre site with access to excellent road communications enabling occupiers to service the nearby expanding population of Manchester City Centre. With short term income, further development potential and the certainty of vacant possession, this opportunity will appeal to a broad range of buyers including investors,

developers and owner occupiers.

Location

Please see brochure for further information.

Accommodation

TOTAL AREA - 27,452 sq ft (2,550 sq m)