Available at: £440,000, Land And Buildings Lying To The West Of, Siemens Road, Irlam, Manchester, Greater Manchester, 433+50498

Property Details

Location

The site forms part of a large industrial Park and considered one of the North West's premier industrial locations, home to a number of international companies. There is strong commuter access with both the M6 & M60 motorway networks within a short drive whilst Manchester Airport is located less than 20 miles away.

Description

A mixed office and industrial site believing to extend to 0.35 hectares (0.86 acres) comprising a vacant two storey office block in need of refurbishment and two warehouse units, currently let, producing an approximate annual income of £33,000 potentially rising to £40,000 in August 2020. There is potential to significantly increase the current rent once the office building is occupied.

Accommodation

The site comprises of Greenoaks House, a detached two storey office block believing to extend to 320 SQ M (3,444 SQ FT) and two large warehouse units extending to 500 SQ M (5,381 SQ FT) and 331 SQ M (3562 SQ FT) respectively.

Pugh & Co have only inspected Greenoaks House internally at this stage.

Approx Site Area

Approximately 0.35 hectares (0.86 acres).

Tenancy

We understand that unit 1 is let to Greenoaks Ltd at a current reserved rent of £18,000 per annum rising to £25,125 in August 2020. Unit 2 is let to a private individual at £15,000 per annum until 15th May 2020.

General

1) Completion to take place on or before 7th January 2020
2) Video Link: https://we.tl/t-vkNQwua5Kc

Addendum

Completion to take place on or before 7th January 2020 We understand that unit 1 is let to Greenoaks Ltd at a current reserved rent of £18,000 per annum until July 2020 with agreed Heads of Terms for an extended lease of £25,125 until July 2025.The Seller shall endeavour to provide Details of the Heads of Terms prior to the Auction but Buyer shall be deemed to take with full knowledge of this and no further information or documents shall be provided following the Auction. We understand that heads of terms on unit 1 are yet to be signed by Greenoaks Ltd and therefore the current tenancy will expire in July 2020

Land And Buildings Lying To The West Of, Siemens Road, Irlam, Manchester, Greater Manchester, M44 5AH

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