Commercial Property for sale

Hardicker Street, Manchester

£2,300,000

Property Description

Full description

Multi-let Industrial Estate/Business Park Investment
10 no. Industrial Warehouse Units Plus Offices/Children's Nursery
Currently Producing £151,376.64 increasing to £159,376.64 on completion
ERV £195,255.80

Location - Haniwells Business Park is located at the head of Hardicker Street which branches directly off Stockport Road/Wellington Road North (A6), close to its junction on Crossley Road on the southerly fringe of Levenshulme.

Levenshulme being situated mid-way between Stockport to the south and Manchester City Centre approximately 4 miles to the north. The A6 also provides direct access to Junction 1 of the M60 Orbital motorway approximately 2 miles to the south.

Description - The Business Park provides 10 no modern industrial units constructed around 2001 together with a two storey office block, currently occupied as a children's day nursery. All the industrial units are of a single storey steel portal frame construction with roller shutter loading door access. Units 1 - 4 situated at the front of the site sharing an enclosed yard area to the front, with units 5 - 8 to the rear of the site with loading via a shared canopy.

Tenancy Information & Accommodation - We have been provided with a tenancy schedule which we have translated as follows, together with the floor areas

Unit Sq Ft Rent pa
Unit 1 2,374 sq ft £12,500 pa
Units 2 & 3 5,500 sq ft £25,000 pa
Unit 4 4,510 sq ft £10,850 pa
Unit 5 1,313 sq ft £3,976 pa
Unit 5a 1,852 sq ft £8,000 pa (owner occupied 12 months lease back on completion)
Unit 6 1,313 sq ft £7,340 pa
Unit 7 1,313 sq ft £6,620 pa
Unit 8 1,343 sq ft £7,340 pa
Unit 9 & 10 3,422 sq ft £18,470 pa
Office Block 3,364 sq ft £60,000 pa
Storage Unit £240 pa

Total 26,304 sq ft £160,336

We are informed that all the tenants also pay a service charge equating to £1 per sq ft per annum by way of contribution to all the upkeep and maintenance of the common areas, CCTV, maned security and building insurance.

Services - All units are separately metered for gas, water and electric and benefit from three phase power.

Asking Price - £2,300,000

A purchase at the asking price equates to a net initial yield of 6.6%, assuming purchasers costs at 5.04% with a reversionary yield once the vacant units are let of 7.51%.

Vat - All figures quoted are exclusive of but may be subject to VAT at the prevailing rate.

Epc's - Available on request.

New Room -

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 building’s 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.


More information from this agent

Nearest stations

  • Levenshulme (0.6 mi)
  • Heaton Chapel (0.8 mi)
  • Mauldeth Road (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Roger Hannah & Co, Manchester

Century Buildings 14 St. Marys Parsonage Manchester M3 2DF

0161 468 0870 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

  • Levenshulme (0.6 mi)
  • Heaton Chapel (0.8 mi)
  • Mauldeth Road (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Roger Hannah & Co, Manchester

Century Buildings 14 St. Marys Parsonage Manchester M3 2DF

0161 468 0870 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 27306796. 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 & Co, 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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