Unit C, Mitchell Hey Mills, College Road, Rochdale, Greater Manchester, OL12

Offers in excess of £1645000.00

• Single let industrial warehouse, close to Rochdale town centre, with excellent links to the M62 and wider motorway network and just 10 miles north east of Manchester City Centre.

• Warehouse comprises 27,776 sq ft across warehouse, office and mezzanine accommodation.

• Let to Acegate (Manufacturing) Ltd on a new 20 year inflation linked lease, on FRI terms and subject to a schedule of condition.

• 5 yearly upwards only rent reviews to the greater of Open Market Rent or the increase in CPI (Consumer Price Index) subject to a collar and cap of 2.00% and 4.00% per annum compounded.

• Initial passing rent of £118,000 per annum, reflecting a rent per sq ft of £4.50 on the main warehouse and £1.00 per sq ft on the mezzanine accommodation.

• Dedicated tenant who has been in occupation of the building since 2004 and in operation since 1995. Acegate are a specialist sheet metal manufacturer and specialise in producing products for the retail sector with clients and end users including New Look, Matalan, Oxfam and Superdrug.

• Tenant financials (16 months to 30.04.2024) of £3.46m Turnover, £858,000 EBITA and £732,000 Pre-tax profit.

• Long leasehold – held under a 250 year ground lease from 31st January 2005.

Mitchell Hey Mills is an established industrial and retail area located to the northwestern side of Rochdale Town Centre (approximately 1 mile away). Nearby amenities include supermarkets such as Asda and Aldi as well as various other retail outlets.

The property is directly accessed off College Road which provides access to St Mary's Gate dual carriageway (A58).

The site is accessed via a shared driveway/ access road which it shares with the office building that lies opposite the unit, Empire House and Mitchell Hey Mill.