Light Industrial for sale

Unit 2 Domino Park, Manor Park, Runcorn, WA7 1SN

7,663 sq. ft. | £385,000

Property Description

Commercial information

  • 7,663 sq ft (711 sq m)

Key features

  • An opportunity to acquire a freehold single-let industrial
  • investment in the heart of Manor Park, Runcorn
  • The property comprises 7,663 sq ft industrial accommodation
  • Let to Display Team (UK) Limited on a new full repairing and
  • insuring 5 year lease from the 14 September 2015
  • Current passing rent of 36,400 per annum (4.75 per sq ft)
  • The building sits on a total site area of 0.417 acres (0.169ha)
  • Offers in excess of 385,000 (Three Hundred and Eighty Five
  • Thousand Pounds) which reflects a net initial yield of 9.08%
  • subject to usual purchasers costs of 4.07%

Full description

Location

The property is situated within the established Manor Park industrial estate
in Runcorn, approximately 30 miles west of Manchester and 20 miles south
east of Liverpool. Manor Park comprises a prime 300 acre office and industrial
park located directly north of the A558 which provides access to J11 and J12
of the M56 motorway to the south.
The estate is occupied by a significant number of established operators
including DHL, Eddie Stobart, Lidl, UK Mail, Kuehne & Nagel, Howdens Joinery,
Rehau, Matthew Clark and B & M Bargains. The strong transport links will be
further enhanced with the completion of the Mersey Gateway project, linking
the M56 to M62 in 2017.

Description
The property comprises a modern self-contained secure industrial
building with the following specification;
Clear headroom from 7 metres
Large, fully self-contained concrete yard area, including
HGV parking
Landscaped environment
Floor loading 30 KN per sq ft reinforced concrete floor
with powder coated finish
Three-phase electricity
Drive-in loading doors

Accommodation
The unit provides a total of 7,663 sq ft (712 sq m) of accommodation.

Site
The property falls on a site area of 0.417 acres (0.169 ha)
providing a site coverage of 45.56%.

Tenancy
The property is let in its entirety to Display Team (UK) Limited for a term
expiring on 13 September 2020, at a current passing rent of 36,400
per annum, reflecting 4.75 per sq ft.
Covenant Information
Display Team (UK) Limited
(Co.No 8315750)
D&B Rating: E 2
Display Team install point of sale solutions, graphics/signage
and maintenance of client display systems for the retail industry.
Their key clients include SONOS, Samsung and Pioneer.
Tenure
Freehold.

VAT
The property has been elected for VAT. VAT will therefore
be payable on the purchase price.

EPC
The property has a C rating (58).
The EPC is available on request.

PROPOSAL
We are instructed to seek offers of 385,000 (Three Hundred and Eighty
Five Thousand Pounds) subject to contract and exclusive of VAT. A purchase
at this level would reflect a net initial yield of 9.08% subject to purchasers
costs of 4.07%.


More information from this agent

Nearest stations

  • Runcorn East (1.7 mi)
  • Runcorn (2.5 mi)
  • Widnes (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Knight Frank, Manchester

No 1 Marsden Street, Manchester, M2 1HW

0161 468 1518 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Runcorn East (1.7 mi)
  • Runcorn (2.5 mi)
  • Widnes (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Knight Frank, Manchester

No 1 Marsden Street, Manchester, M2 1HW

0161 468 1518 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference Unit2Domino. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Knight Frank, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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