Piccadilly Business Centre, Aldow Enterprise Park, Unit C, Manchester, M12 6AE

Description
The property comprises of a modern detached industrial unit, which has been converted into self contained office suites across the ground and first floor.

The space provides two kitchenettes and WC facilities, along 4 allocated parking spaces and loading area. The property also benefits from 36 additional car parking spaces on the estate, which are available on a first come first served basis.

The property still benefits from 1 level loading door, which could be opened up to provide access onto the ground floor.

Location
The property is located on the eastern side of Manchester City Centre on Aldow Enterprise Park which is a prominent trade park accessed off Blackett Street and The Mancunian Way(A635) which in turn provides direct links to the key arterial routes serving Manchester CityCentre.

The property is less than 1 mile from Manchester Piccadilly Train Station and Metro Link Station which immediately accesses the Manchester inner ring road. The area surrounding the subject property on the eastern fringe of the city centre and wider East Manchester region is the subject of significant recent and ongoing regeneration.
Current and forthcoming schemes includeMayfield and Manchester Life all of which will dramatically transform this area of Manchester to the benefit of subject asset.

Viewings
Viewings are strictly with agents Rock Real Estate and Daniel Harris & Co.

Terms
We are instructed in to invite offers in excess of£ 950,000 (Nine Hundred and Fifty Thousand Pounds) assuming purchaser’s costs of 5.49% which shows a NOI yield of 7.7% and a potential reversion to 10.3%.

Availability_text
The accommodation comprises of the following

Tenancy
The property is let to 17 occupiers on Licence agreements on an “all inclusive” basis. The property currently produces a gross income of £116,482 per annum. The current operating costs are £38,612per annum and include the provision of broadband, refuge collection, cleaning, security, electricity, service charge, water, insurance and general repairs.

The Net Operating Income is £77,870per annum.We calculate that the Market Rent is £143,000 per annum which would result in a NOI of £104,390 per annum. Full tenancy details are available on request.