Circle House Lostock Road, Urmston Manchester M41 0HS

Circle House
Lostock Road, Urmston
Manchester
M41 0HS

Freehold Office Investment with Redevelopment Potential

Let to HSS Hire Service Group Limited until 2021 (subject to option)
Residential Redevelopment Potential (subject to necessary consents)
Approximately 42 car parking spaces 1:232 sq ft
Situated 1 mile south of the major regional Trafford Shopping Centre and close to the M60 (Junction 9)
Nearby occupiers include The Post Office, Texaco Garage and One Stop
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
31
Auction
9th July 2015
Rent
£78,500 per Annum Exclusive
Status
Sold
Price
£737,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Wesleyan Assurance Society

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Freehold Office Investment with Redevelopment Potential

Let to HSS Hire Service Group Limited until 2021 (subject to option)
Residential Redevelopment Potential (subject to necessary consents)
Approximately 42 car parking spaces 1:232 sq ft
Situated 1 mile south of the major regional Trafford Shopping Centre and close to the M60 (Junction 9)
Nearby occupiers include The Post Office, Texaco Garage and One Stop
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 31
Auction 9th July 2015
Rent £78,500 per Annum Exclusive
Status Sold
Price £737,000
Sector
Office
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Wesleyan Assurance Society

Property Information

Location

Miles: 6 miles south-west of Manchester City Centre
Roads: A56, A57, M60 (Junction 9), M62
Rail: Urmston Railway Station
Air: Manchester City Airport

Situation

The property is situated in a leafy residential suburb to the south-west of Manchester and close to the M60 (Junction 9). The major regional Trafford Shopping Centre is approximately 1 mile to the north. Nearby occupiers include The Post Office, Texaco Garage and One Stop.

Tenure

Freehold.

Location

Miles: 6 miles south-west of Manchester City Centre
Roads: A56, A57, M60 (Junction 9), M62
Rail: Urmston Railway Station
Air: Manchester City Airport

Situation

Tenure

Freehold.

Description

The property comprises office accommodation on the ground to second floors and benefits from undercroft car parking as well as forecourt and rear parking for approximately 42 cars. The offices benefit from air conditioning, perimeter trunking and suspended ceiling. There is a 6-person passenger lift serving all floors. The property may benefit from residential redevelopment potential (subject to necessary consents).

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
Basement Ground First Second	Car Parking Office Office Office	16 Cars 301.93 sq m 301.93 sq m 301.93 sq m	(3,250 sq ft) (3,250 sq ft) (3,250 sq ft)	HSS HIRE SERVICE GROUP LIMITED (1)	10 years from 25/03/2011 on a full repairing and insuring lease	£78,500	29/09/2016 (28/09/2021)
Totals		905.79 sq m	(9,750 sq ft)			£78,500

(1) For the year ending 31/12/2013, HSS Hire Service Group Limited reported a turnover of £225,813,000, pre-tax profits of £20,415,000 and a total net worth of £51,585,000. (Source: www.riskdisk.com 11/06/2015)
(2)The lease provides for a tenant option to determine the lease on 29/09/2016 on 6 months’ prior notice and subject to a penalty payable
by the tenant.
(3)Please note the tenant is not currently in occupation.