5 Leestone Road, Sharston Industrial Area, Manchester, M22 4RN

Description
The property comprises a single storey industrial building of steel truss frame construction, with an overclad steel sheet roof, providing circa 3m clear headroom, with brick and profile-clad elevations, situated within an established industrial estate off 5 Leestone Road, Sharston.

The building is fully fitted out and occupied by M Fitness as a CrossFit-style gym and strength & conditioning studio, incorporating a large open-plan training floor with a full-height feature steel beam and rig, a first-floor physio/treatment room, an infrared sauna, and a reception/kitchen area with retail display. M Fitness has traded from the property since December 2016 (circa 10 years). The property benefits from a three-phase power supply and a concertina-style side opening door to the rear.

Location
The property is situated at 5 Leestone Road within the well-established Sharston Industrial Estate, one of South Manchester's most recognised commercial locations. The estate provides direct access to Junction 2 of the M56, linking to the M60 and the wider Greater Manchester motorway network, with Manchester Airport approximately 3 miles away. Sharston Industrial Estate is home to national occupiers including Travis Perkins, Screwfix and Toolstation, alongside major logistics operators, with a new trade and logistics development currently under construction nearby.

Investment Summary
- Long leasehold industrial / leisure investment situated within an established industrial estate in Sharston, south Manchester.
- Held on a ground lease from Manchester City Council for 200 years from 6 March 1998 (circa 172 years unexpired), at a ground rent of £1,525 per annum.
- Entire building let to M Fitness, a well-established CrossFit and strength & conditioning operator, in occupation since December 2016 (circa 10 years), fitted out to a high specification including a physio/treatment room and infrared sauna.
- Current passing rent of £24,000 per annum. The landlord has served a Section 25 notice proposing a new rent of £51,420 per annum, offering significant reversionary upside.
- Offers an investor a long leasehold, income-producing asset with an established, long-standing trading tenant, and a clear asset management route to a substantially reversioned income.
- Prominent trading position within a well-established industrial and trade-counter location, with dedicated on-site parking and a secure yard to the rear.

ACCOMMODATION
Ground Floor: 4,650 sq ft
First Floor: 167 sq ft
Total (GIA): 4,817 sq ft

PRICE & YIELD
Guide Price: £450,000 (exclusive of VAT)
Current Rent: £24,000 pa
S25 Rent: £51,420 pa
Net Initial Yield: 10.70%*

The Detail
TENURE
Long leasehold — 200 yr ground lease from Manchester City Council from 6 March 1998 (c.172 yrs unexpired),£1,525 pa ground rent.

LEASE
Let to M Fitness at £24,000 pa; tenant in occupation since December 2016 (circa 10 years). Section 25 notice served proposing £51,420 pa; new lease negotiations ongoing.

BUSINESS RATES
Rateable Value: £30,000. Interested parties should verify the exact rates payable with the local billing authority.

LEGAL COSTS
Each party responsible for their own legal costs.

EPC
C

VAT
The property is elected for VAT and VAT will be payable on the purchase price.

SERVICES
Three-phase power supply. Other mains services to be confirmed.

ANTI-MONEY LAUNDERING
Two forms of ID and confirmation of source of funding required from the purchaser.