Office for sale

720, Mandarin Court, Centre Park, Warrington, Cheshire, WA1 1GG

£800,000
6,214 sq. ft.

Property Description

Commercial information

  • 6,214 sq ft (577 sq m)

Key features

  • Modern Detached Office Building

Full description

Tenure: Freehold

*INVESTMENT OPPORTUNITY*

A modern detached two storey office building with the following features:
* Full access raised floors
* Air Conditioning
* LED Lighting
* Fully fitted meeting room and break out area
* 26 dedicated parking spaces
* Landscaped grounds

Location
Mandarin Court is conveniently located for Warrington Town Centre on the established Centre Park.

The park is within walking distance of both Warrington's Bank Quay and Warrington Central railway stations, had has excellent links to the M6 and M56 motorways. Warrington Centre Park benefits from a regular shuttle bus service to and from Warrington Golden Square Shopping Centre.

Investment Summary
Two storey, detached office building of 6,125 ft2 with 26 car parking spaces.
* Entire first floor let to Provident Personal Credit Limited.
* Multi-let building with a current rent of £76,550 per annum.
* Offers over £800,000.
This level of purchase represents an attractive Net Initial Yield of 9.1% assuming purchaser's costs of 5.5%.

Accommodation
We calculate the following areas in accordance with the RICS Property measurement 2nd Edition, adopting IPMS 3:
Ground: 283.9 m 3,055 ft
First: 285.2 m 3,069 ft
Total: 569.1 m 6,214 ft

Company Information
Provident Personal Credit Limited
Provident Personal Credit Limited were incorporated in 1917 and is a wholly owned subsidiary of Provident Financial PLC which together with its subsidiaries forms the Provident Financial Group. The company provides unsecured home credit loans to UK customers and Republic of Ireland.

Morgan Williams Commercial LLP
Morgan Williams was established in 1985 as a Partnership of Chartered Surveyors and was incorporated as an LLP in 2005. They are the major commercial property agents based in Warrington.

Asset protection group limited
Asset protection group limited were incorporated in 2015 and comprises a group of fire and security companies.

Nest Holidays Limited
Nest Holidays have been trading for nearly a year and are a holiday let rental agency dealing with clients all over the UK.

Tenure
Freehold.

VAT
The sale will be treated as a transfer of going concern (TOGC) and as such no VAT will be payed.

Anti-Money Laundering
In accordance with Anti-Money Laundering Regulations , two forms of ID and confirmation of funding source will be required from the purchaser.

Proposal
Offers in excess of £800,000 subject to contract and exclusive of VAT.

A purchase at this level reflects an attractive Net initial Yield of 9.1%, assuming purchaser's costs of 5.5%.

Tenancy Schedule
Page 7 of the marketing brochure.

Viewing - Malcolm Morgan/Joshua Morgan




More information from this agent

Nearest stations

  • Warrington Bank Quay (0.5 mi)
  • Warrington Central (0.9 mi)
  • Warrington West (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Morgan Williams Commercial LLP, Warrington

720 Mandarin Court Centre Park Warrington WA1 1GG

01925 878033 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

  • Warrington Bank Quay (0.5 mi)
  • Warrington Central (0.9 mi)
  • Warrington West (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Morgan Williams Commercial LLP, Warrington

720 Mandarin Court Centre Park Warrington WA1 1GG

01925 878033 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 720FH. 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 Morgan Williams Commercial LLP, Warrington. 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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