Units 1&2, Kestrel Road Trafford Park Manchester M17 1SF

Units 1&2, Kestrel Road
Trafford Park
Manchester
M17 1SF

Prime Industrial Investment

Located within Trafford Park, the North West’s premier industrial location
Tenants include Johnson Controls Limited and MIS Testing Limited
Approximate site area of 0.623 hectares (1.54 acres)
Substantial on-site car parking
Six Week Completion

Lot
11
Auction
11th July 2013
Rent
£125,506 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On Behalf of The Co-Operative Estates

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Prime Industrial Investment

Located within Trafford Park, the North West’s premier industrial location
Tenants include Johnson Controls Limited and MIS Testing Limited
Approximate site area of 0.623 hectares (1.54 acres)
Substantial on-site car parking
Six Week Completion

Lot 11
Auction 11th July 2013
Rent £125,506 per Annum Exclusive
Status Sold Prior
Price
Sector
Industrial, Warehouse
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
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: B5214, A576, A5081, M60 (Junction 10), M602 (Junction 2)
Rail: Eccles (Manchester) Rail
Air: Manchester International Airport

Situation

The property is situated within Trafford Park, on the western side of Kestrel Road, at its junction with Guinness Road. 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 Eddie Stobart, MF Logistics and Maccess.

Tenure

Freehold. The property is held under two separate titles. Unit 1 is held virtual freehold for a term of 999 years from 25th March 1996 at a peppercorn rent. Unit 2 is held freehold.

Location

Miles: 4.5 miles west of Manchester City Centre 28 miles east of Liverpool 45 miles south-west of Leeds
Roads: B5214, A576, A5081, M60 (Junction 10), M602 (Junction 2)
Rail: Eccles (Manchester) Rail
Air: Manchester International Airport

Situation

Tenure

Freehold. The property is held under two separate titles. Unit 1 is held virtual freehold for a term of 999 years from 25th March 1996 at a peppercorn rent. Unit 2 is held freehold.

Description

The property comprises two modern industrial units, each benefiting from an eaves height of 6 metres, a roller shutter door and office accommodation over two floors. Each unit has a large loading area and car parking allocations. There are two electricity sub-stations on site.

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

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
1	Ground First Tenant’s Mezzanine	Industrial/Offices Offices Offices	1,196.89 sq m 211.66 sq m 198.00 sq m	(12,883 sq ft) (2,278 sq ft) (2,131 sq ft)	JOHNSON CONTROLS LIMITED (1)	5 years from 29/09/2011 (2)	£75,505	(28/09/2016)
2	Ground First	Industrial/Offices Offices	937.83 sq m 100.08 sq m	(10,095 sq ft) (1,077 sq ft)	MIS TESTING LIMITED (3)	10 years from 06/2013 (4)	£50,000 (5)	06/2018 (06/2023)
Substation					NORWEB PLC	999 years from 07/07/1988	£1	06/07/2987
	Totals		2,644.46 sq m	(28,464 sq ft)			£125,506

(1) Founded in 1885, Johnson Controls is a global diversified technology and industrial leader with over 170,000 employees serving customers in more than 1,300 locations worldwide. Having reported global sales of $42 billion in fiscal year 2012, they are currently ranked no. 67 on U.S. Fortune 500 and no. 251 on Global Fortune 500. (Source: www.johnsoncontrols.co.uk 24/04/2013)
(2)There is a tenant only option to determine on 28/09/2014, subject to six months prior written notice.
(3) MIS Testing was established in 1983 and delivers a range of technical services to industry and commerce. MIS is a major force in the UK testing market providing services and facilities in mechanical testing, chemistry, coatings and other areas of material testing. (Source: www.mistesting.co.uk)
(4) There is a tenant option to determine on the fifth anniversary of the term, subject to 6 months prior written notice and a penalty payment of £25,000.
(5) The current rent is £25,000 p.a.x. rising to £50,000 p.a.x. in the third, fourth and fifth years. The seller has agreed to adjust the completion monies so that the property will effectively produce £50,000 from completion of the sale.