Property Features:
Description:
LOCATION
M35 9BS.
The properties are located within an established industrial estate off Oldham Road (A62) Failsworth town, Greater Manchester in Wrigley Head & George Street.
~1.5 Miles from Junction 22 of the M60 and 4 miles to Manchester City Centre.
Good links to all major road and public transport networks. The local Metrolink Hollinwood Park and Ride is within walking distance of the site.
DESCRIPTION
An ideal investment opportunity for developers. Rental currently of £161,344 per annum with possible increase to £300,000 per annum after the 9 units are built and rented.
Established fully let industrial and retail investment. Redevelopment opportunity for a further 9 industrial units subject to planning. Planning department have already seen the plans for the further 9 Industrial units and will be supporting the application.
Comprising of an antiques centre, café and fish chip shop, in addition a hard standing yard which is currently let as a truck service area.
The property is two-storey steel portal, framed and detached.
The ground floor is occupied by a furniture company, with the 1st floor occupied by the antiques centre.
Adjacent to the main building is an L shaped 2 storey brick building which houses a café as well as additional shops.
The rear of the property contains a large hard standing yard used for vehicle sales and storage.
Income from various tenants (many of which have been long established) providing an excellent passing rent.
Renewable contracts with break clauses to allow greater flexibility for both landlord and tenant.
Demanding established antiques centre and community with shops and café provides countless visiting customers.
Industrial development potential stp
Additional opportunity to build X9 industrial units stp on the adjacent main yard.
(A scheme with drawings is available upon request with more information below)
9 light industrial units, Units 1-5 are the largest and Units 6-9 can be intended more smaller businesses or as starter units. Each unit will have its own parking including 1 accessible space as well as cycle storage.
Units 1-5 will all house the same accommodation with 4 designated parking spaces which will be as follows; A Ground Floor office/reception (circa 12.6m²) which directly links to an accessible WC, storage and the stairs to the first-floor open plan office over (circa 55.2m²).
Also, at ground floor level will be the Double height warehouse (circa 88.5m²) which can be accessed internally or externally via the roller security shutters.
Units 6-9 will be smaller starter units comprising of a Ground Floor office/reception
(circa 12.2m²) which directly links to an accessible WC, separate Tea room and the stairs
to the first-floor open plan office over (circa 44m²). Within the first-floor circulation the
unit has access to further storage. Also, at ground floor level will be the single height
warehouse/storage area (circa 24m²) which can be accessed internally or externally vi
the roller security shutters.
Units 6-9 will each have 3 designated parking spaces, one of which will be intended as an
accessible space. There is also again potential for a further space if required to the front
of the storage shutters. In addition, there will again be ample cycle parking provisions to
the front of the units.
ACCOMMODATION
The antique centre is located on the 1st floor of the depot and accessible by stairs, with furniture show room on the ground floor.
The remaining shops including an antiques store are located on Wrigley head/George Street and supported by a small yard.
The main yard is hard standing with palisade fencing and secure gates around; and maybe suitable for industrial development stp.
17 Wrigley Head - large warehouse split over two floors - ~20,000 sq. Ft.
19 Wrigley Head/ George Street - all shops/café + small yard area - ~5600 sq. Ft.
Main Yard – ~26,000 sq. Ft.
AMENITIES
Producing ~£161,300 P/A - Ideal for investors or developers. Multi occupancy established estate comprising of Industrial, retail & yard space. Located just of Oldham Road (A62), Greater Manchester. Total site area approximately 1.06 acres.
OUTGOINGS
Through enquiries with the Valuation Office Agency website it is noted that the property attracts a Rateable Value in the 2017 Ratings List of £34,000 (NO 17), £2,950 (NO 19). Please note the Rateable Value is not what you pay.
Business Rates:
(Rateable Values)
(Depot)
17 Wrigley Head – Warehouse premises- £34,000
19 Wrigley Head – Shop and premises - £2,950
19 at Wrigley Head – Shop and premises - £3,800
3 George Street – Shop and premises - £2350
5 George Street- Shop and premises- £2250
Yard – Land storage premises (combined) £13,100
VAT
The above amounts are exclusive of, but may be liable to VAT. Each party must satisfy themselves independently to the occurence of VAT in this instance.
LEGAL COSTS
If sold, each party are to bear their own legal costs incurred in connection with the transaction.
OTHER
Tenancy Schedule:
Freehold 1:
(Depot)
17 Wrigley Head - Furniture show room- £32,500
17 Wrigley Head - Antique Centre - £44,304
Freehold 2:
19 Wrigley Head - Fish and Chip Shop - £9,360
19a Wrigley Head – Antique Shop - £13,200
3 George Street – Café - £7,800
5 George Street - £10,440
Yard – Vehicle Sales/Storage £26,640
3 x 1 bed apartments @ £475pm £17,100 per annum
Gross rental income: ~£161,344.00
Title:
The property in its entirety consists of X2 Freeholds, with a leasehold affecting Unit 17
EPC:
We understand the property is assessed within
Band B-(26-50) and a copy of the EPC is available on
request.
VIEWING
Strictly by appointment with the agent, Kirkham Property, 509 Middleton Road, Chadderton, Oldham, OL9 9SH. Please call 0161 925 3759 or email ashleigh@kirkham-property.co.uk
