1 The Quadrant Green Lane Heywood Greater Manchester OL10 1NG

1 The Quadrant
Green Lane
Heywood
Greater Manchester
OL10 1NG

Freehold Modern Office Investment

Majority let to Integrated Water Services Limited on two leases (2)
Approximately 8,569 sq ft with Car Parking
Modern Office Building, approximately 3,988 sq ft available to let
Established Business Park, 3 minutes’ drive from Junction 19 of M62 Motorway
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
54
Auction
25th May 2017
Rent
£40,000 per Annum Exclusive
Status
Sold
Price
£464,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Modern Office Investment

Majority let to Integrated Water Services Limited on two leases (2)
Approximately 8,569 sq ft with Car Parking
Modern Office Building, approximately 3,988 sq ft available to let
Established Business Park, 3 minutes’ drive from Junction 19 of M62 Motorway
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 54
Auction 25th May 2017
Rent £40,000 per Annum Exclusive
Status Sold
Price £464,000
Sector
Office
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 6 miles north-west of Oldham, 8 miles north-east of Manchester City Centre
Roads: A58, M62 (Junction 19)
Air: Manchester Airport

Situation

The property is situated in a mixed residential and commercial area on the western side of Green Lane, which connects directly to the major A58 road, with easy access to Rochdale and Heywood town centres. Nearby occupiers include Aldi, Kwik Fit, Travis Perkins, Four Seasons Healthcare and a number of independent occupiers. Junction 19 of the M62 motorway is located nearby.

Tenure

Freehold.

Location

Miles: 6 miles north-west of Oldham, 8 miles north-east of Manchester City Centre
Roads: A58, M62 (Junction 19)
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises a detached office building arranged on ground, lower ground and first floors. The property benefits from CAT II lighting, suspended ceilings and air conditioning with car parking for approximately 19 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

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

Description

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

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	Reversion
Part Ground Lower Ground	Offices/Ancillary Offices/Ancillary	273.41 sq m 107.77 sq m	(2,943 sq ft) (1,160 sq ft)	INTEGRATED WATER SERVICES LIMITED (1)	10 years from 24/07/2009	£36,000	23/07/2019
Part Ground	Offices/Ancillary	45.24 sq m	(487 sq ft)	INTEGRATED WATER SERVICES LIMITED (1)	Approximately 2 years and 4 months from 1/04/2017 (2)	£4,000 (2)	23/07/2019
First	Offices/Ancillary	370.25 sq m	(3,988 sq ft)	VACANT	-	-	-
Totals		796.67 sq m	(8,569 sq ft)			£40,000

(1) For the year ending 31st March 2016, Integrated Water Services Limited reported a turnover of £55,041,000, pre-tax profits of £2,303,000 and a total net worth of £4,209,000. IWS, part of South Staffordshire Plc, was formed in 2004 and provides a range of engineering based services dealing with all aspects of the water cycle (Sources: Experian Group and www.integrated-water.co.uk 27/04/2017)
(2) This lease has been agreed, but not yet completed.