Ground Floor (East Wing) Victoria Mill, 10 Lower Vickers Street, Manchester, Manchester, M40 7LH

Upon the instructions of the Administrators, FRP Advisory Trading Limited. We are instructed to offer to the market the ground floor premises of the east wing which comprises NHS offices, a walk in medical centre, and a 1,652 sq ft vacant unit.


Description
A healthcare investment let to NHS and Manchester Primary Care partnership (MPCP) producing a total annual rent of £94,830 p.a. There is potential to increase the rent to circa £111,000 p.a. once the vacant unit is let.

Location
The site is located approximately one mile north of Manchester city centre within a suburban mixed use area. The site is positioned on the outskirts of the city centre within the suburb of Miles Platting which neighbours the popular area of Ancoats.

Miles Platting has also undergone extensive regeneration and significant investment from both public and private sectors.
There are a number of new apartment and housing schemes in the area, particularly along the Canalside. The Etihad campus, and the New Coop Live arena are circa 1 mile from the property, both of which are flagship destinations that attract hundreds of thousands of visitors to the area. The property overlooks the Rochdale Canal to the rear and there are public green spaces nearby to include Victoria Mill Park and Saxon Park. Access to Manchester city centre can be reached within circa 25 minutes by walking along the canal.

Accommodation
Both the medical centre and the offices have recently been refurbished and offer high quality accommodation.
The walk in centre has intercom access to the side which provides access to a reception area, waiting room and a number of individual consulting rooms. The offices have a separate entrance to the front of the building and comprise a large open plan office space, a kitchen, a boardroom, meeting room, comms room and WCs.
Externally, there are 30 parking spaces each for both the NHS and MPCP however these spaces are unallocated.

Tenure
A new long leasehold will be granted upon a sale

Tenancies
There are two leases in place which are summarised below:
Manchester Primary Care Partnership Ltd (MPCP") for 10 years from March 2019 at £27,253 per annum.
NHS for 10 years from November 2018 at £67,577.21 pa.
The total rental income is £94,830.21 per annum.