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UNDER OFFER

Grosvenor Mill Business Centre, Grosvenor Street, Ashton-Under-Lyne, Greater Manchester

Offers in Region of
£2,400,000

£40.69 per sq ft

Business rates & charges may apply

Roger Hannah Ltd, Manchester
SIZE AVAILABLE

58,976 sq ft

5,479 sq m

SECTOR

Commercial property for sale

Key features

  • Multi-Let Business Centre
  • High Yielding & Reversionary

Description

Investment Summary

High yielding, mixed use and multi-let business centre, with potential to improve the income and/or redevelop (subject to planning).

Located in Ashton-under-Lyme a densely populated area which benefits from close proximity to Manchester City Centre.

Strong Connectivity being only 1 mile to Junction 23 of the M60 Manchester Outer Ring Road.

The property is not listed and provides a total rentable building area of approximately 69,902 sq. ft.

Let to 23 individual businesses with an occupancy rate of 100%

Grosvenor Business Centre generates a gross annual income of £283,929 per annum.

Strong reversion potential with an Estimated Rental Value of approximately £356,569 per annum.

Site area 1.892 acres (0.766 hectares)

Asset management opportunities include lease re-gears; development of further workshop space in the yard and the future redevelopment potential of the entire site - subject to obtaining the necessary planning consent.

Freehold

Brochures

Grosvenor Mill Business Centre, Grosvenor Street, Ashton-Under-Lyne, Greater Manchester

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Guide Bridge Station0.5 miles
  • Ashton-under-Lyne Station0.9 miles
  • Audenshaw Tram Stop1.1 miles

About Roger Hannah Ltd, Manchester

Century Buildings 14 St. Marys Parsonage Manchester M3 2DF

Roger Hannah is a leading North West based firm of Chartered Surveyors and Property Managers located in the heart of Manchester City Centre. We provide comprehensive property expertise from our 50 strong team providing advice on all property matters across the North West and nationwide.

With excellent Regional and National knowledge, industry contacts and a highly qualified and professional team, Roger Hannah has grown to be a successful and dynamic firm of Chartered Surveyors & Property Managers and is now the largest independent property consultancy in the North West.

Independent | Property | People

Established in 1979, Roger Hannah provides advice on a range of property matters, assisting our clients to maximise their property interests and investments. For us it is about the people; creating longstanding relationships and adding value to those relationships wherever we can.

We act for public authorities, property companies, plc companies, entrepreneurs, individuals and all types of businesses. Our success is built on a personal service, a high level of skill and drive to serve our client’s interests coupled with an entrepreneurial spirit to identify solutions and provide our clients with the right opportunities.

Our experience includes involvement in some major projects including significant regeneration projects and several major urban renewal programmes. We manage over 3 million sq ft of commercial buildings producing a rent roll in excess of £16 million from over 1,000 tenants.

People are at the heart of our business. We strive to provide a first class service to our clients, ensuring that we treat our employees with respect and that the disadvantaged in our society are considered.

Notes

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Disclaimer - Property reference 3581FH. 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 Roger Hannah Ltd, 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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