Parkway 4 Longbridge Road Manchester M17 1SN

Parkway 4
Longbridge Road
Manchester
M17 1SN

Prominent Industrial/Office Investment

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
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA
On behalf of The Co-operative Estates

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Prominent Industrial/Office Investment

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

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

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)