Entirely let to Coats Property Management Limited (sublet to and occupied by Avoca Technical Limited)
Prominent position within Trafford Park, the North West’s premier industrial location
Approximately 2,530.90 sq m (27,243 sq ft)
Approximate site area of 0.54 hectares (1.34 acres)
On-site car parking
Six Week Completion
Lot 42
Auction 23rd May 2013
Rent £130,250 per Annum Exclusive
Status Sold Prior
Price
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
4.5 miles west of Manchester City Centre
28 miles east of Liverpool
45 miles south-west of Leeds
Roads
A576, A5081, M60 (Junction 10), M602 (Junction 2)
Rail
Eccles (Manchester) Rail
Air
Manchester International Airport
Situation
The property is situated in a prominent location on the western side of Longbridge Road within Trafford Park. Trafford Park is the North West’s premier industrial location situated 4.5 miles west of Manchester City Centre and houses occupiers including Kellogg’s, Adidas, Proctor & Gamble and L’Oreal. Other nearby occupiers include DHL, The Guardian, City Link and NHS.
Tenure
Virtual Freehold. Virtual Freehold. Held for a term of 999 years from 18th May 2004 until 17th
May 3003 at a fixed rent of £100 p.a.
Location
Miles
4.5 miles west of Manchester City Centre
28 miles east of Liverpool
45 miles south-west of Leeds
Roads
A576, A5081, M60 (Junction 10), M602 (Junction 2)
Rail
Eccles (Manchester) Rail
Air
Manchester International Airport
Situation
The property is situated in a prominent location on the western side of Longbridge Road within Trafford Park. Trafford Park is the North West’s premier industrial location situated 4.5 miles west of Manchester City Centre and houses occupiers including Kellogg’s, Adidas, Proctor & Gamble and L’Oreal. Other nearby occupiers include DHL, The Guardian, City Link and NHS.
Tenure
Virtual Freehold. Virtual Freehold. Held for a term of 999 years from 18th May 2004 until 17th
May 3003 at a fixed rent of £100 p.a.
Description
The property comprises a substantial warehouse with a minimum eaves height of 4.85 metres and benefits from integral two storey offices to the front. The property has a separate loading area to the rear and parking for some 20 cars. The site extends to approximately 0.54 hectares (1.34 acres).
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 substantial warehouse with a minimum eaves height of 4.85 metres and benefits from integral two storey offices to the front. The property has a separate loading area to the rear and parking for some 20 cars. The site extends to approximately 0.54 hectares (1.34 acres).
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
Reversion
Ground First/Second
Warehouse Offices
2,232.22 sq m 298.68 sq m
(24,028 sq ft) (3,215 sq ft)
COATS PROPERTY MANAGEMENT LIMITED (Guaranteed by Tootal Group Limited) (1) (2)
24 years from 15/11/1991 on a full repairing and insuring lease
£130,250
24/12/2015
Totals
2,530.90 sq m
(27,243 sq ft)
£130,250
(1) For the year ending 31st December 2011, Tootal Group Limited reported a net worth of £117,461,000. Tootal Group Limited are a subsidiary of Guinness Peat Group plc who for the year ending 31st December 2011 reported a turnover of £1,141,000,000, pre-tax profits of £53,000,000 and a net worth of £433,000,000. (Source: www.riskdisk.com 26/04/2013). (2)The property has been sublet to Avoca Technical Limited who are a key supplier and converter of industrial textiles to the furniture & bedding and apparel industry. (www.avoca-group.co.uk 24/04/2013)
