Property Information
Address:
HAWKSHEAD QUARRY LEEK OLD ROAD SUTTON MACCLESFIEL SK11 0JB
, SK11 0JB
Price: Property no longer available.
Size: 653400 sq ft60702 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH615845
Property Ref/Agent: hawkshead-quarry-leek-old-road-sutton-macclesfiel-sk11-0jb-freehold-offers-around-2120000
*Please use the agent ref when calling the agent directly.
Property description
Description
FOR SALE OR TO LET (WHERE AVAILABLE)
AN INCOME PRODUCING
INDUSTRIAL INVESTMENT PROPERTY
HAWKSHEAD QUARRY
LEEK OLD ROAD
SUTTON MACCLESFIELD SK11 0JB
The property is located approximately 2 miles to the south of Macclesfield town centre and comprises of various industrial units and surfaced yardage which are leased out with rents as specified below.The developed land and buildings cover approximately 15 acres.The buildings have been developed over a number of years and have been maintained to a good standard.
The site is accessed off the A523 London Road at Leek Old Road.See attached plan.
TENANCIES:The property is believed to be freehold.All interested parties should make their own enquiries via their solicitors.
The individual units are let on various tenancies further details are available on request.
PLANNING:The property is located in a semi-rural area just outside the Green Belt.
USAGE:The property is to be sold for commercial purposes and there will be a restrictive covenant imposed upon the sale preventing future residential use.The vendors will be retaining land immediately adjacent to the premises.
SERVICES:Mains electricity and water are connected to the site.
LEASE:The premises are available by way of new leases for terms to be negotiated.Further information regarding available space can be obtained upon request.
RENTAL SUMMARY:
Description Unit/Area Size
HGV Parking 47 HGV spaces
Repair Shop 2850 sq ft
Garage & Office 5370 sq ft
MOT Building 1850 sq ft
Batching Plant 2 acres & parking for6 batching vehicles
Store/Warehouse 4800 sq ft Total rental income: 202,600 per annum
PROPOSAL: Offers of 2.12 million are sought reflecting an attractive yield of 9% after acquisition costs of 5 3/4%.
COSTS:
1.All figures quoted are exclusive of but may be liable to VAT.
2.The ingoing tenant to be responsible for all landlords’ reasonable legal costs incurred in connection with the preparation of the lease.
VIEWING:Strictly by appointment, contact Chris Stubbs of Greenham Commercial.
4134CJS/AUE250612-riv1-160712
Please contact us if you think we may be able to assist you in connection with any professionally or commercially orientated property matters including lease renewals, rent reviews, Blight/Compulsory Purchase, rating, valuations, surveys, sales and lettings.
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