Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of a Real Estate Investment Fund
Property Information
Situation
The property is located within the prestigious Madison Place Business Park, 3 miles north-east of Manchester and just off Oldham Road (A62), the main arterial route from the M40 (Junction 22) into the north of the city. Madison Place forms part of the 700,000 sq ft Central Park development scheme, which benefits from a dedicated public transport interchange from the Central Park
Metrolink. Other occupiers within the Park include Fuijitsu and Greater Manchester Police Force.
Tenure
Long Leasehold. Held for a term of 250 years less 10 days from 21st June 2007 until June 2257 at a peppercorn rent.
Situation
The property is located within the prestigious Madison Place Business Park, 3 miles north-east of Manchester and just off Oldham Road (A62), the main arterial route from the M40 (Junction 22) into the north of the city. Madison Place forms part of the 700,000 sq ft Central Park development scheme, which benefits from a dedicated public transport interchange from the Central Park
Metrolink. Other occupiers within the Park include Fuijitsu and Greater Manchester Police Force.
Tenure
Long Leasehold. Held for a term of 250 years less 10 days from 21st June 2007 until June 2257 at a peppercorn rent.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a modern, detached two storey office building, completed to a high specification including air conditioning, raised flooring, suspended ceilings, shower facilities and a double height reception area. The property also benefits from a dedicated service yard and car parking for approximately 22 cars. Madison Place Business Park, in which the property is located, benefits from 24/7 on-site security and CCTV.
Six Week Completion
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 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
Reviews
Ground First
Office Office
339.5 sq m 341.8 sq m
(3,654 sq ft) (3,679 sq ft)
CENTRAL MANCHESTER UNIVERSITY HOSPITAL’S NHS FOUNDATION TRUST (1)
10 years from 29/09/2015 on a full repairing and insuring lease
£110,000
29/09/2020
Totals
681.3 sq m
(7,333 sq ft)
£110,000
(1) The Central Manchester University Hospital NHS Foundation Trust is the leading provider of tertiary and specialist healthcare services in Manchester, treating more than a million patients every year. (Source: www.cmft.nhs.uk 12/11/2015)
Contacts
Seller's Solicitors
DWF LLP Bridgewater Place, water Lane Leeds LS11 5DY
