Office for sale

Unit 1 Century Park, Pacific Road, Atlantic Street, Altrincham, Cheshire, WA14

11,370 sq. ft. | £1,500,000

Property Description

Commercial information

  • 11,370 sq ft (1,056 sq m)

Key features

  • Opportunity to acquire a multi let office located in the affluent South Manchester town of Altrincham.
  • Comprises a two-storey detached office building totalling 11,370 sq ft benefiting from 40 car parking spaces.
  • Multi let to Lucas Blake Limited, Claim Easy Limited and Alpharmaxim Limited
  • Current passing rent of 134,284 per annum reflecting a low average rent of 11.81 per sq ft.
  • WAULT of 3.50 years to break and 6.93 years to lease expiry
  • Freehold and Long Leasehold

Full description

Location

Altrincham is an affluent South Manchester town situated within the Metropolitan
Borough of Trafford. Altrincham has a resident population of 40,000 and a
catchment of 411,000 people living within a 6.2 mile radius and 1.8million people
living within a 12 mile radius. The town is situated 8 miles south west of Manchester
city centre, 189 miles northwest of London and 76 miles north of Birmingham.
The town benefits from excellent road communications through its proximity to
Junction 8 of the M56 (2.5 miles to the south west) and Junction 7 of the M60
motorway (4.3 miles to the north west) which connects to the national motorway
network via Junction 20 of the M6 (8 miles to the south west).
The town has a thriving commercial centre and excellent transport links being the
terminus of the Metrolink Light Rapid Transport System linking to Manchester City
Centre (30 mins). Manchester Airport, which is the largest airport in the UK outside
London, is only 5.3 miles to the south east.

Situation

Atlantic Street is Altrincham's principle commercial and retail location situated
to the north west of the town centre. Atlantic Street benefits from excellent
road communications adjoining the A56, one of the main arterial routes linking
Altrincham with Manchester City Centre to the north and the M56 motorway to
the south.
Century Park forms part of the Atlantic Street mixed use commercial area providing
office, industrial and retail accommodation. The main estate road, Atlantic Street,
is accessed directly off the A56 (Manchester Road). Atlantic Street provides direct
access to Century Park which is situated to the west.

Description

The property comprises a detached two storey office building constructed in the
early 1980's. The building is of steel frame construction with brick/block elevations
under a profile metal clad pitched roof.
The ground floor is split to provide two open plan office suites with a shared access
and ancillary accommodation. The first floor is of a regular configuration and
provides open plan flexible office accommodation which has been sub-divided
and partitioned by the tenants. Access is provided via a communal stairwell and
an 8-person 630 kg passenger lift.
Male and female toilets are provided on both floors with a disabled toilet to the
ground floor reception area.
The specification includes a full access raised floor, gas-fired central heating,
double glazed powder coated aluminium windows and kitchen facilities
on both floors.
The property benefits from an excellent car parking ratio where there are
40 spaces providing a ratio of 1:290 sq ft.

Covenant Information

CLAIM EASY LIMITED
Claim Eazy are experts in reclaiming mis-sold Payment
Protection Insurances (PPI), Packaged Bank Accounts (PBA),
and also helping those with Personal Injury.
Further information can be found at www.claimeazy.com
D&B Rating: C 2
Risk of business failure: Lower than average

LUCAS BLAKE LIMITED
Lucas Blake specialises in the recruitment of Sales
Professionals within the Information Technology and
Telecommunications sectors throughout the UK and Europe.
Established in January 2015 they have office locations in
Manchester and the South East of England with a dedicated
European team based in Manchester.
Further information can be found at www.lucas-blake.com
D&B Rating: O 3
Risk of business failure: Greater than average

ALPHARMAXIM LIMITED
Alpharmaxim is a communications agency focused exclusively
on the healthcare sector - pharmaceuticals, medical devices,
vaccines, biotech, diagnostics and general health.
The clients they work with come from a broad spectrum
of the healthcare environment - from large pharmaceutical
companies, industry-leading medical device and
diagnostics manufacturers, to the smaller, pioneering
biotech companies at the frontline of their fields.
Their particular focus is the support of healthcare clients
who require a specialised approach.
Further information can be found at www.alpharmaxim.com
D&B Rating: N 2
Risk of business failure: Lower than average



PROPOSAL
The property is held under three separate titles. Part freehold (red
outline) and part long leasehold (blue outline). The leasehold element
comprising the car park is held on a 999 year (less 1 day) lease from
29th September 1989 at a peppercorn rent.
An Energy Performance Certificate is available upon request.
The property's service charge is currently running at 4.50 per sq ft.
A full breakdown is available on request.
The property has been elected for VAT. VAT will therefore be payable
on the purchase price.
We are instructed to seek offers of 1,500,000 (One Million, Five
Hundred Thousand Pounds) reflecting a net initial yield of 8.44%
assuming purchaser's costs of 6.10%. A purchase at this level
reflects a capital value of 132 per sq ft.

More information from this agent

Nearest stations

  • Altrincham (1.2 mi)
  • Navigation Road (1.2 mi)
  • Hale (1.5 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

  • Altrincham (1.2 mi)
  • Navigation Road (1.2 mi)
  • Hale (1.5 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 Unit1Century. 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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