Majority let to Integrated Water Services Limited on two leases (2)
Approximately 8,569 sq ft with Car Parking
Modern Office Building, approximately 3,988 sq ft available to let
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 54
Auction 25th May 2017
Rent £40,000 per Annum Exclusive
Status Sold
Price £464,000
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, lower ground and first floors. The property benefits from CAT II lighting, suspended ceilings and air conditioning with car parking for approximately 19 cars.
VAT
VAT is applicable to this lot.
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, lower ground and first floors. The property benefits from CAT II lighting, suspended ceilings and air conditioning with car parking for approximately 19 cars.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Part Ground Lower Ground
Offices/Ancillary Offices/Ancillary
273.41 sq m 107.77 sq m
(2,943 sq ft) (1,160 sq ft)
INTEGRATED WATER SERVICES LIMITED (1)
10 years from 24/07/2009
£36,000
23/07/2019
Part Ground
Offices/Ancillary
45.24 sq m
(487 sq ft)
INTEGRATED WATER SERVICES LIMITED (1)
Approximately 2 years and 4 months from 1/04/2017 (2)
£4,000 (2)
23/07/2019
First
Offices/Ancillary
370.25 sq m
(3,988 sq ft)
VACANT
-
-
-
Totals
796.67 sq m
(8,569 sq ft)
£40,000
(1) For the year ending 31st March 2016, Integrated Water Services Limited reported a turnover of £55,041,000, pre-tax profits of £2,303,000 and a total net worth of £4,209,000. IWS, part of South Staffordshire Plc, was formed in 2004 and provides a range of engineering based services dealing with all aspects of the water cycle (Sources: Experian Group and www.integrated-water.co.uk 27/04/2017) (2) This lease has been agreed, but not yet completed.
