Description
The property comprises a two storey brick-built building providing ground and first floor office accommodation to the front elevation, with warehouse space to the rear beneath a profiled sheet roof, situated within the established Sharston Industrial Estate.
The building is let in its entirety to an individual, trading as Recycle UK, a textile recycling and exporting operation, in occupation since 2020 (circa 6 years). The site benefits from a private car park to the front of the building and additional external storage, including shipping containers, within the yard.
Location
The property is situated at 7 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 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 £1,860 per annum.
Entire building let to an individual, trading as Recycle UK (a textile recycling and exporting operator), in occupation since 2020 (circa 6 years), at a passing rent of £31,000 per annum.
The landlord has served a Section 25 notice proposing a new rent of £69,184 per annum, offering significant reversionary upside.
Offers an investor a long leasehold, income-producing asset with 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 additional external storage.
The Detail
TENURE
Long leasehold — 200 yr ground lease from Manchester City Council from 6 March 1998 (c.172 yrs unexpired), £1,860 pa ground rent.
LEASE
Let to an individual, trading as Recycle UK, at £31,000 pa; in occupation since 2020 (circa 6 years). Section 25 notice served proposing £69,184 pa; new lease negotiations ongoing.
BUSINESS RATES
Rateable Value: £49,750. Interested parties should verify the exact rates payable with the local billing authority.
LEGAL COSTS
Each party responsible for their own legal costs.
EPC
E
VAT
The property is elected for VAT and VAT will be payable on the purchase price.
SERVICES
To be confirmed.
ANTI-MONEY LAUNDERING
Two forms of ID and confirmation of source of funding required from the purchaser.
