Office for sale

Unit 22 Waters Edge Business Park, Modwen Road, Manchester, Greater Manchester, M5

Offers in Excess of 1,438 sq. ft. | £175,000

Property Description

Commercial information

  • 1,438 sq ft (133 sq m)

Full description

Investment summary

An opportunity to acquire a single let office in a quality business park on the outskirts of
Manchester City Centre;
Two storey office building totalling 1,438 Sq ft (133.58 sq m) with six allocated car parking
spaces;
The property is let in its entirety to Track Line Training Limited on a new 10 year Full
Repairing and Insuring lease from 26 July 2016, subject to a break in year 5;
Current passing rent is 14,000 per annum reflecting 9.73 per sq ft;
We are instructed to seek offers in excess of 175,000 (One Hundred and Seventy Five
Thousand Pounds) subject to contract and exclusive of Vat. A purchase at this level reflects
an attractive Net Initial Yield of 7.98%, after purchaser's costs.

Location and situation
The property is located on Waters Edge Business Park a modern mixed use park within close
proximity to Exchange Quays, Salford Quays Metrolink station and Media City. Modwen Road links to
Ordsall Lane (A5066) which provides access to the M602 and directly to Manchester and Salford City
Centres.

Description
The property comprises a modern purpose built two storey mid terrace office building within an
established business park location. The building is of traditional brick construction and is arranged to
provide open plan offices across the ground and first floors. The offices have suspended ceiling,
perimeter trunking and benefit from a toilet on each floor and an open kitchen facility.
The property benefits from six on site car parking spaces.

Accommodation
The accommodation totals 1,438 sq ft (133.58 sq m).
NIA Sq Ft Sq M
Ground 741 68.87
First 697 64.71

Tenancy
The building is new on a new full repairing and insuring lease to Track Line Training Limited for a
term of 10 years from 26 July 2016, with a tenant's option to break at the anniversary of the 5th year.
The passing rent is 14,000 per annum with a upwards only rent review in year 5. This rent reflects
an attractive 9.73 per sq ft.

Covenant information
Track Line Training Limited are a leading provider of specialist training courses to the UK rail industry.
With over 35 years of industry experience they offer a variety of railway safety courses, leading to
nationally recognises qualifications from Personal Track safety to Safe Working Leader 2. They have a
wide range of regional and national clients.
For further information: www.tracklinetraining.co.uk

Tenure
The property is held on a 999 year lease from June 1989.

VAT
VAT will be payable on the purchase price.

EPC
EPC is available on request.

Proposal
We are instructed to seek offers in excess of 175,000 (One Hundred and Seventy Five Thousand
Pounds), subject to contract and exclusive of VAT; this reflects a net initial yield of 7.98% after
purchasers costs.

More information from this agent

Nearest stations

  • Pomona (0.2 mi)
  • Exchange Quay (0.2 mi)
  • Salford Quays (0.3 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

  • Pomona (0.2 mi)
  • Exchange Quay (0.2 mi)
  • Salford Quays (0.3 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 unit22_watersedge. 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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