Site area of 0.546 hectares (1.35 acres) approximately
Redevelopment potential (subject to consents)
Six Week Completion
Lot 40
Auction 23rd May 2013
Rent £126,250 per Annum Exclusive
Status Sold
Price £960,000
Sector Industrial, Warehouse
Auction Venue The Dorchester Hotel Park Lane Entrance Mayfair London W1K 1QA
On behalf of The Co-operative Estates
Property Information
Location
Miles
2.5 miles south-west of Manchester City Centre
30 miles east of Liverpool
42 miles south-west of Leeds
Roads
A5066, A57, M602 (Junction 3)
Rail
Exchange Quay Metrolink, Manchester United Football Ground Rail, Manchester Oxford Road
Air
Manchester International Airport
Situation
The property is situated within a mixed use area adjacent to Manchester Ship Canal on the eastern side of Ordsall Lane (A5066). The property is less than 2.5 miles south-west of Manchester City Centre, just over a mile from Old Trafford Stadium, Manchester United's football ground and within close proximity of Trafford Park.
Tenure
Freehold.
Location
Miles
2.5 miles south-west of Manchester City Centre
30 miles east of Liverpool
42 miles south-west of Leeds
Roads
A5066, A57, M602 (Junction 3)
Rail
Exchange Quay Metrolink, Manchester United Football Ground Rail, Manchester Oxford Road
Air
Manchester International Airport
Situation
The property is situated within a mixed use area adjacent to Manchester Ship Canal on the eastern side of Ordsall Lane (A5066). The property is less than 2.5 miles south-west of Manchester City Centre, just over a mile from Old Trafford Stadium, Manchester United's football ground and within close proximity of Trafford Park.
Tenure
Freehold.
Description
The property comprises a two storey office building with a substantial warehouse to the rear including a mezzanine area providing storage accommodation. The property benefits from a secure site including a large loading yard and 4 roller shutter doors to the rear.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a two storey office building with a substantial warehouse to the rear including a mezzanine area providing storage accommodation. The property benefits from a secure site including a large loading yard and 4 roller shutter doors to the rear.
VAT
VAT is applicable to this lot.
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
Reversions
Ground First Mezzanine
Warehouse/Office Office Storage
2,507.11 sq m 246.65 sq m 172.12 sq m
(26,987 sq ft) (2,655 sq ft) (1,853 sq ft)
PAN WORLD BRANDS LTD (1)
15 years from 30/01/2006 until 29/01/2021 on a full repairing and insuring lease
£126,250
30/01/2011 and five yearly
Totals
2,925.88 sq m
(31,495 sq ft)
£126,250
(1) Pan World Brands Limited, incorporated in 1989, is a well established and successful importer and distributor of fashion and sports performance apparel, sports equipment as well as workwear apparel and footwear. Pan World currently holds exclusive long term European licences with two of the world's leading heritage brands, Everlast Boxing and Lee Cooper Workwear, and also has its own range of golf apparel and equipment. The company is half owned by Mike Ashley of Newcastle United and Sports Direct. For the year ending 30th April 2012, Pan World Brands Limited reported a net worth of £3,890,755 in their abbreviated report and accounts. (Source: www.panworldbrands.com 12/04/2013)
Contacts
Seller's Solicitors
Weightmans Solicitors Pall Mall Court, 61-67 King Street Manchester M2 4PD
