Property Information
Address:
Protector Lamp Business Park, Lansdowne Road, Eccles
, M30 9PH
Price: Property no longer available.
Size: 22359 sq ft2077 sqm
Primary Category: Investment
All Categories:
Investment, Industrial,
Property Ref/Movehut: MH598109
Property Ref/Agent: Protector Lamp Business Park
*Please use the agent ref when calling the agent directly.
Property description
Investment Summary
- Industrial complex investment opportunity
- Multi-let industrial estate
- Low Capital Value of £31 per sq ft
- Potential future redevelopment (subject to planning)
Current Rent
- Passing Rent for the industrial complex: £51,908.04 per annum
Estimated Rental Value
- ERV for vacant industrial complex / office 3, 4, 6: £6,000.00 per annum
- ERV for vacant industrial complex / Unit D: £3,600.00 per annum
- ERV for vacant industrial complex / Unit F: £1,200.00 per annum
- Total ERV for the Industrial Complex: £62,708.04 per annum
Sale Price
- Sale price for the Complex (excluding hoarding and yard): £700,000 (Seven Hundred Thousand Pounds) Equating to a net initial yield of 7% with a reversionary yield of 8.3% and a low capital value of £31 per sq ft.
Advertising Hoarding and Yard
- The advertising hoarding and yard (edged green) are available to purchase together with the complex (edged red) or we will consider offers on an individual basis.
- Passing Rent for the advertising hoarding: £14,004.04 per annum
- ERV for vacant yard: £10,000.00 per annum
Sale Price
- Sale price for the Advertising Hoarding and Yard: Offers invited
Location
Protector Lamp Business Park is located within Eccles, 2.5 miles to the west of Manchester City Centre and within the inner boundary of the M60 Orbital Motorway.
The site is well positioned for access to the national motorway network being 1 mile from Junction 2 of the M602 Motorway which in turn leads to the M60 Motorway and wider motorway network.
Description
The industrial complex comprises a former Industrial Complex
which has been subdivided into small industrial / warehouse units.
The building comprises a steel frame building in 5 bays incorporating a steel framed pitched roof will asbestos sheeting and brick wall.
The property also benefits from an office facility which has been sub-divided into individual suites and yard to the front and side with associated car parking.
A secure yard area (edged green) of 0.24 acres fronting the
M602, including an advertising hoarding which is currently let to U&P, is also available on separate terms.
Tenancy
The industrial complex is multi-let and income producing with a rental income totalling £51,908.04 pa.
The lettings are by way of a tenancy at will on an internal repairing and insuring basis.
The advertising hoarding (available to purchase separately) is let to U&P until March 2024 at a rent of £14,000.04 pa.
Accommodation / Tenancy Schedule
Unit - Office 1/2
Tenant - Saltax Ltd
Size sq ft - 754
Size sq m - 70.04
Expiry - TAW
Actual Rent Received - £4,800.00
ERV - £4,800.00
Unit - Unit B / Office 5
Tenant - ARW Gates Ltd
Size sq ft - 2,369
Size sq m - 220.08
Expiry - TAW
Actual Rent Received - £6,600.00
ERV - £6,600.00
Unit - Office 3, 4, 6
Tenant - Vacant
Size sq ft - 700
Size sq m - 65.03
Expiry -
Actual Rent Received -
ERV - £6,000.00
Unit - Unit C
Tenant - N J Cook R & S Ltd
Size sq ft - 3,078
Size sq m - 285.95
Expiry - TAW
Actual Rent Received - £9,908.04
ERV - £9,908.04
Unit - Unit D
Tenant - Vacant
Size sq ft - 1,220
Size sq m - 113.34
Expiry -
Actual Rent Received -
ERV - £3,600.00
Unit - Unit E
Tenant - N Craft
Size sq ft - 469
Size sq m - 43.57
Expiry - TAW
Actual Rent Received - £4,800.00
ERV - £4,800.00
Unit - Unit F
Tenant - Vacant
Size sq ft - 300
Size sq m - 27.87
Expiry -
Actual Rent Received -
ERV - £1,200.00
Unit - Unit G
Tenant - MVS Limited
Size sq ft - 5,000
Size sq m - 464.51
Expiry - 2017
Actual Rent Received - £12,000.00
ERV - £12,000.00
Unit - Unit H/J
Tenant - Car Storage
Size sq ft - 6,000
Size sq m - 557.41
Expiry - TAW
Actual Rent Received - £3,000.00
ERV - £3,000.00
Unit - Unit K
Tenant - GF Auto Services
Size sq ft - 2,000
Size sq m - 185.80
Expiry - TAW
Actual Rent Received - £6,600.00
ERV - £6,600.00
Unit - Unit L
Tenant - MVS Limited
Size sq ft - 769
Size sq m - 71.44
Expiry - TAW
Actual Rent Received - £4,200.00
ERV - £4,200.00
Total
Size sq ft - 22,659
Size sq m - 2,105.04
Actual Rent Recieved - £51,908.04
Total ERV
ERC - £62,708.04
Rateable Value
Unit - Unit C
Description - Workshop and Premises
Rateable Value - £6,000
Unit - Unit D
Description - Workshop and Premises
Rateable Value - £2,850
Unit - Unit K
Description - Workshop and Premises
Rateable Value - £4,650
Unit - Unit L
Description - Workshop and Premises
Rateable Value - £1,975
Unit - Unit G1
Description - Workshop
Rateable Value - £4,250
Unit - Unit G2
Description - Workshop
Rateable Value - £5,200
Unit - Grd Flr Unit E & F
Description - Warehouse and Premises
Rateable Value - £3,150
Unit - Office 3 1st Flr
Description - Offices and Premises
Rateable Value - £1,200
Unit - Office 4 1st Flr
Description - Offices and Premises
Rateable Value - £1,550
Unit - Office 5 1st Flr
Description - Offices and Premises
Rateable Value - £540
Unit - Office 1 1st Flr
Description - Offices and Premises
Rateable Value - £1,750
Unit - Office 2 1st Flr
Description - Offices and Premises
Rateable Value - £1,225
Unit - Unit B1/B2
Description - Workshop and Premises
Rateable Value - £4,850
Unit - Pt Units H&J
Description - Workshop
Rateable Value - £4,250
Unit - Pt Unit H & J
Description - Workshop and Premises
Rateable Value - £2,800
Unit - Pt Unit H & J
Description - Workshop and Premises
Rateable Value - £4,250
Unit - Advertising Station
Description - Advertising Right and Premises
Rateable Value - £4,400
Service Charge
The Estate is subject to a service charge which is currently £0.40 per sq ft and covers the following:
- Maintenance of common parts
- Insurance
- External repairs
Services
We understand all mains services are available to the complex.
Energy Performance Certificate
Energy Performance Certificates are available where applicable on request.
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