Mere House, Brook Street, Knutsford, Cheshire, WA16

For Sale - Prime office investment in Knutsford. 14,649 sq ft (NIA) on 0.63 acres.

The building offers a range of opportunities from renegotiating the terms of the lease with the tenant, possible full or partial vacant possession and redevelopment.

LOCATION
Knutsford is an affluent Cheshire town located 14 miles south west of Manchester. Knutsford has excellent transport links with access to the M6 and M56 as well as a train station with links to Manchester and Chester. Mere House is prominently situated on Brook Street (A537), a key arterial route into Knutsford town centre to the north and Macclesfield to the south west. The Property is situated only 500 metres from Knutsford Station and Knutsford town centre. Junction 19 of the M6 is 2.5 miles to the north.

* Located in Knutsford, one of Cheshire's most affluent market towns.
* Knutsford was voted the best place to live in the North West (The Times).
* Situated on Brook Street, 500 metres from Knutsford Station and Knutsford town centre.
* Mere House provides high-quality office space, arranged over ground and first floor.
* Total accommodation of 14,649 sq ft NIA.
* Large site extending 0.63 acres.
* 33 parking spaces.
* Let to Prime Medica Limited.
* Passing rent of £237,000 per annum, reflecting a low level of £16.20 per sq ft.
* Highly reversionary with Knutsford's prime rent at £22.50 per sq ft.
* Potential asset management opportunity to downsize the existing tenant and take back the ground floor for re-letting, owner occupation or an alternative use.
* Significant development or change of use potential to a number of uses including residential, nursery, education or gym, subject to planning.
* Freehold.

SALE PRICE
Seeking offers in excess of £2,475,000, reflecting an attractive Net Initial Yield of 9.00% and a low capital value of £169 per sq ft.