2 The Quadrant Green Lane Heywood Greater Manchester OL10 1NG

2 The Quadrant
Green Lane
Heywood
Greater Manchester
OL10 1NG

Freehold Modern Office Investment (plus Vacant Land)

  • Modern Office Building
  • Approximately 9,042 sq ft with Car Parking
  • Adjoining Land with Previous Outline Planning Consent
  • Redevelopment Opportunities (subject to leases, planning and consents)
  • Established Business Park 3 minutes’ drive from Junction 19 of M62 Motorway
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    43
  • Auction
    25th May 2017
  • Rent
    £74,214 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Modern Office Investment (plus Vacant Land)

  • Modern Office Building
  • Approximately 9,042 sq ft with Car Parking
  • Adjoining Land with Previous Outline Planning Consent
  • Redevelopment Opportunities (subject to leases, planning and consents)
  • Established Business Park 3 minutes’ drive from Junction 19 of M62 Motorway
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 43
  • Auction 25th May 2017
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
6 miles north-west of Oldham, 8 miles north-east of Manchester City Centre
Roads
A58, M62 (Junction 19)
Air
Manchester Airport
Situation

The property is situated in a mixed residential and commercial area on the western side of Green Lane, which connects directly to the major A58 road, with easy access to Rochdale and Heywood town centres. Nearby occupiers include Aldi, Kwik Fit, Travis Perkins, Four Seasons Healthcare and a number of independent occupiers. Junction 19 of the M62 motorway is located nearby.

Tenure

Freehold.

Location
Miles
6 miles north-west of Oldham, 8 miles north-east of Manchester City Centre
Roads
A58, M62 (Junction 19)
Air
Manchester Airport
Situation

The property is situated in a mixed residential and commercial area on the western side of Green Lane, which connects directly to the major A58 road, with easy access to Rochdale and Heywood town centres. Nearby occupiers include Aldi, Kwik Fit, Travis Perkins, Four Seasons Healthcare and a number of independent occupiers. Junction 19 of the M62 motorway is located nearby.

Tenure

Freehold.

Description

The property comprises a detached office building arranged on ground, first and second floors. The property benefits from CAT II lighting, suspended ceilings and air conditioning. There is also car parking on site. The property includes vacant land to the west of the building, with a site area of about 0.5 acres.

VAT

VAT is applicable to this lot.

Planning

Outline planning permission was granted in 2006 for the erection of a three storey office block with underground car parking to the land to the west of the property.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a detached office building arranged on ground, first and second floors. The property benefits from CAT II lighting, suspended ceilings and air conditioning. There is also car parking on site. The property includes vacant land to the west of the building, with a site area of about 0.5 acres.

VAT

VAT is applicable to this lot.

Planning

Outline planning permission was granted in 2006 for the erection of a three storey office block with underground car parking to the land to the west of the property.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Part Ground
Offices/Ancillary
157.38 sq m
(1,694 sq ft)
MMC DEVELOPMENTS
LIMITED
5 years from 01/08/2012
£17,000
31/07/2017 (1)
Part Ground
Offices/Ancillary
120.77 sq m
(1,300 sq ft)
HEADS RECRUITMENT
LIMITED (2)
3 years from 18/04/2016
£13,000
17/04/2019
Part First
Offices/Ancillary
157.94 sq m
(1,700 sq ft)
VACANT



Part First
Offices/Ancillary
120.77 sq m
(1,300 sq ft)
BLUEGRAIN LIMITED
(3)
4 years from 14/05/2015
£12,000
13/05/2019
Second
Offices/Ancillary
283.17 sq m
(3,048 sq ft)
N-SAT LIMITED (4)
5 years from
14/11/2016 (5)
£32,214 (6)
13/11/2021
Land
 
0.5 Acres

VACANT
     
Totals
840.03 sq m
(9,042 sq ft)
    £74,214
 

(1) The lease to MMC Developments Limited is being extended so that the lease will expire on 31st March 2020. This lease has been agreed and will be completed prior to the auction.
(2) For the year ending 31st December 2015, Heads Recruitment Limited reported a turnover of £43,816,325, pre-tax profits of £1,935,511 and a total net worth of £7,775,728 (Source: Experian Group 27/04/2017).
(3) Bluegrain Limited offer a premier security guard service around Manchester (Source: www.bluegrainuk.com 27/04/2017).
(4) For the year ending 31st December 2015, N-Sat Limited reported a turnover of £3,652,791 (Source: Experian Group 27/04/2017).
(5) The lease is subject to a tenant only break option on 13th November 2019.
(6) The lease provides for a fixed rental increase to £32,214 per annum on 27th November 2017. The seller has agreed to adjust the completion monies so that the unit will effectively produce £32,214 per annum from completion of the sale.

Property Documents

  • Site Plan
    Updated Date
    11.11.19
    File Size
    670 KB
    View PDF
  • Catalogue Page
    Updated Date
    11.11.19
    File Size
    732 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Shulmans LLP 10 Wellington Place
Leeds
LS1 4AP
Kieran Wilkinson 0113 2452833kwilkinson@shulmans.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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