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Concentric, Warrington Road, Warrington, Cheshire, WA3

£4,000,000

£144.49 per sq ft

Business rates & charges may apply

Edwards Property Consultants, Manchester
SIZE AVAILABLE

27,683 sq ft

2,572 sq m

SECTOR

Office for sale

Key features

  • High-yielding, Grade A Office investment
  • Premier business park location - Birchwood Park
  • Constructed in 2006 and recently extensively refurbished
  • 27,683 sq ft across 3 self-contained buildings
  • 120 car parking spaces (1:230 sq ft)
  • Total rent of £425,414 pa exclusive from completion (excluding vacant suite) £15.37 psf overall
  • Multi-let to 6 tenants - 76% of income secured to companies with a turnover of over £35m
  • Established headline ERV of £20 per sq ft
  • Opportunity to increase the income by refurbishing and letting the recently vacated suite
  • Net Initial Yield 10% / Reversionary Yield 12.76% / Ultimate Reversionary Yield 13.05%

Description

Concentric business park comprises a modern office development arranged over three separate buildings within an extensive and barrier-controlled car park.

The properties were originally developed in 2006 but have recently been subject to extensive refurbishment works which have been carried out to a high standard.

The buildings have feature brick elevations under a tiled roof. Internally, the properties each boast impressive double height reception areas and provide open plan office space with the following general specification:

- Three two-storey Grade A office buildings
- Recently refurbished to a high standard including common areas
- VRF air conditioning
- Double height entrance lobbies
- Male, female and disabled WCs and showers
- Full access raised floor
- Landscaped site
- 120 car parking spaces
- Secure bike store

Birchwood Park is situated approximately 5 miles northeast of Warrington town centre. Adjacent to both the M6 and the M62 motorways, the park benefits from swift access to the national motorway network, alongside well-established public transport infrastructure, including a railway station and extensive bus network.

The park is one of the best performing business parks in the UK and is home to over 200 companies with more than 6,000 employees. In addition to established industrial and logistics uses, Birchwood Park provides approximately 2.67 million square feet of office space serving a diverse cross-section of occupiers, from large blue-chip organisations to new start-ups.

Brochures

Concentric, Warrington Road, Warrington, Cheshire, WA3

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Birchwood Station1.0 miles
  • Padgate Station1.9 miles
  • Glazebrook Station2.8 miles

About Edwards Property Consultants, Manchester

26 King Street, Manchester, M2 6AY

Edwards have been advising clients since 1992. From agency to investment, asset management to valuation, we provide straightforward advice.

We act for start-up enterprises and global organisations, SME's and private investors. We also act for pension funds and leading banks.

Whilst our client base is eclectic, it is also select, allowing us to properly advise our clients through our personalised approach. Our clients know they are getting the best advice and a clear understanding of the market.

Notes

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Disclaimer - Property reference Concentric. 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 Edwards Property Consultants, 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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