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Commercial Property for sale

Canal Road, Timperley, Altrincham

6,689 sq. ft. | £495,000

Property Description

Commercial information

  • 6,689 sq ft (621 sq m)

Full description

****SOLD****
BUSINESS CENTRE INVESTMENT

PRODUCING NET INCOME £55,396 PER ANNUM
NET INCOME (WHEN FULLY LET) £93,170 PER ANNUM

Location: - The Business Centre is situated on the Canal side, just a few hundred meters from Timperley Metrolink Station situated at the junction with Park Road (B5165) which branches from A56 Manchester Road/Washway Road, approximately 1 1/2 North East of Altrincham town centre.
Altrincham is considered one of the most affluent areas in South Manchester, with Manchester City Centre situated approximately 7 miles to the North.

Description: - The Business Centre was established in the mid 80s and offers serviced office accommodation with all inclusive rents, free use of conference room, fully manned reception and switch board, mail box addresses and virtual office services.
The Centre was refurbished during 2008 and 2009 to include new lighting, ceilings, WC and kitchen facilities, decoration, DDA ramped access, electrical upgrade and new reception furniture.
Externally the car parking area was also resurfaced and now provides 26 no. Car spaces.
Tenancy Schedule available upon request.

Income: - Gross Income £105,904
Expenditure £50,508
Net Income £55,396

Accommodation: - The Business Centre offers the following accommodation:
Basement
Workshop/Storage Accommodation
GIA: 220.4 s q m (2,372 sq ft)

Ground Floor
Entrance Lobby & Reception, Managers Office, 8 No. Office Rooms, Photocopying Room, Kitchen, Male & Female WCs.
NIA: 153.75 sq m (1,654 sq ft)

First Floor
13 Individual Office Rooms
Approx NIA: 187.5 sq m (2,018 sq ft)

Mezzanine Floor
Office
NIA: 59.95 sq m (645 sq ft)

Asking Price: - £495,000

Yeilds: - Net Initial Yield 10.68 %
Revisionary Yield (when fully let) 17.71 %
(assuming purchase costs at 4.8%)

Tenure: - Believed to be Freehold.

Vat: - The purchase price will be subject to VAT at the prevailing rate.

Viewing: - If you would like to view this property or would like further information please contact the Sole Agents:

Roger Hannah & Company
Century Buildings
14 St Marys Parsonage
Manchester, M3 2DF
Tel: 0161 817 3399 Fax: 0161 817 3398
E-mail: property@roger-hannah.co.uk
All our properties can be viewed on the internet at www.roger-hannah.co.uk

Epc: -

MISREPRESENTATION ACT
Roger Hannah & Co Ltd act as agents for the vendor(s) or lessor(s) of this property and gives notice that: (i) The particulars are a general outline only for the guidance of intending purchasers or lessors and do not constitute an offer or contract (ii) All descriptions are given in good faith and are believed to be correct, but any intending purchasers or lessees should not rely on them as statements of fact and must satisfy themselves by inspection or otherwise as to their correctness. (iii) None of the buildings services or service installations have been tested and are not warranted to be in working order. (iv) No employee of the two agents has any authority to make or give any representation or warranty whatever in relation to the property. (v) Unless otherwise stated all prices are quoted exclusive of VAT. (vi) Where applicable an Energy Performance Certificate is available upon request.


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