HB Accident Repair Centre 349 Moorside Road, Swinton Manchester M27 9PN

HB Accident Repair Centre
349 Moorside Road, Swinton
Manchester
M27 9PN

  • HB Accident Repair Centre<br>349 Moorside Road, Swinton<br>Manchester<br>M27 9PN

Freehold Industrial Investment

  • Let to HB Accident Repair Network Ltd Until 2030 (Subject to Option)
  • Attractive and Modern Industrial Unit
  • Rent Reviewed in line with the Retail Price Index (RPI) subject to Minimum of 2% and a Maximum of 4%.
  • Approximate Site Area of 0.55 Ha (1.40 Acres)
  • Appropriate Site Coverage of 39%
  • Well Located in Commercial Hub Close to the M60 and M61
  • Nearby occupiers include Amazon, Howdens, Screwfix and Toolstation
  • Lot
    12
  • Auction
    12/Jul/2022
  • Rent
    £125,000 per Annum Exclusive
    (2)
  • Status
    Available
  • Price*
    £1,750,000 - £1,850,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
5 miles north west of Manchester City Centre, 8 miles south east of Bolton
Roads
M60, M61, A580, A6
Rail
Moorside Railway Station, Swinton Railway Station
Air
Manchester Airport
Situation

Swinton is strategically situated immediately south of the junction of M60, M61 and M62 some 5 miles north west of Manchester city centre. The property is prominently situated on the west of Moorside road 100 metres south of junction with the A6 and adjacent to Moorside Railway Station. The immediate locality is a well established commercial hub with a large number of industrial units with occupiers including Amazon, Screwfix, Toolstation and Howdens.

Tenure

Freehold.

Location
Miles
5 miles north west of Manchester City Centre, 8 miles south east of Bolton
Roads
M60, M61, A580, A6
Rail
Moorside Railway Station, Swinton Railway Station
Air
Manchester Airport
Situation

Swinton is strategically situated immediately south of the junction of M60, M61 and M62 some 5 miles north west of Manchester city centre. The property is prominently situated on the west of Moorside road 100 metres south of junction with the A6 and adjacent to Moorside Railway Station. The immediate locality is a well established commercial hub with a large number of industrial units with occupiers including Amazon, Screwfix, Toolstation and Howdens.

Tenure

Freehold.

Description

The property comprises two modern portal framed industrial buildings with ground floor industrial accommodation and integral office accommodation on the first floor. The industrial units benefit from an eaves height of approximately 4.2 metres (14ft) and 3 x vehicle access loading doors to the side and the rear. The property benefits from car parking to the front and the rear and a site area of 0.55 Ha (1.40 Acres)and a site coverage of 39%.

VAT

VAT is applicable to this lot.

Viewings

Viewings are strictly by appointment only. For Health and Safety reasons interested parties must not attend the site without a prior appointment.

Please contact Alex Auterac on 020 7034 4859 for an appointment to view the property.

EPC

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

Description

The property comprises two modern portal framed industrial buildings with ground floor industrial accommodation and integral office accommodation on the first floor. The industrial units benefit from an eaves height of approximately 4.2 metres (14ft) and 3 x vehicle access loading doors to the side and the rear. The property benefits from car parking to the front and the rear and a site area of 0.55 Ha (1.40 Acres)and a site coverage of 39%.

VAT

VAT is applicable to this lot.

Viewings

Viewings are strictly by appointment only. For Health and Safety reasons interested parties must not attend the site without a prior appointment.

Please contact Alex Auterac on 020 7034 4859 for an appointment to view the property.

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Review /(Reversion)
Ground
First
Workshop/Office
Office (B2,B8 or E(g)
1,982.76
138.40
(21,342)
(1,489)
HB ACCIDENT REPAIR
NETWORK LIMITED
(CRM 12944332)
(1)
10 years from 29/12/2020
(3)
£125,000 (2)
5 yearly
(29/12/2030)
(4)
Total Approximate
Floor Area
 
2,121.16
(22,831)
(4)
   
£125,000 (2)
 

(1) HB Accident Repair Network Limited (CRM 12944332) was incorporated in 2020 (www.hbarn.co.uk).
(2) The current rent reserved under the terms of the lease is £120,000 per annum exclusive (pax). The lease provides for the rent to be increased to £125,000 p.a.x. on 27/11/2023. The Seller will pay to the Buyer the difference between the current rent reserved of £120,000 p.a.x. and £125,000 p.a.x. from completion of the sale until 27/11/2023. Therefore the property will produce £125,000 p.a.x. from completion of the sale.
(3) The lease provides for a tenant option to determine the lease on 29/12/2025 upon serving 6 months written notice. If the tenant does not exercise the option to determine the lease the tenant will then benefit from a 3 month rent free period.
(4) The lease provides for the rent to be increased in line with the Retail Price Index (RPI) subject to a minimum of 2% and a maximum of 4% . Please see the Rent Review clause in the lease which is available within the Legal Pack.
(5) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    29.06.22
    File Size
    82 MB
    Login to View
  • Brochure
    Updated Date
    22.06.22
    File Size
    2 MB
    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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Mishcon de Reya Africa House, 70 Kingway
London
WC2B 6AH
Frank Cook 020 3321 7832frank.cook@mishcon.com

Useful Links

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

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