Nationwide Crash Repair Centre Waggon Road Mossley Greater Manchester OL5 9HL

Nationwide Crash Repair Centre
Waggon Road
Mossley
Greater Manchester
OL5 9HL

Freehold Industrial Investment

Let to Nationwide Crash Repair Centres Limited with guarantee
Totalling approximately 12,836 sq ft on a site of 0.71 acres
Current passing rent equates to £2.50 per sq ft
August 2018 rent review outstanding (see note 2)
Benefits from being located very close to Mossley Railway Station

Lot
8
Auction
14th February 2019
Rent
£32,000 per Annum Exclusive
Status
Sold
Price
£450,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of a Major Fund

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Freehold Industrial Investment

Let to Nationwide Crash Repair Centres Limited with guarantee
Totalling approximately 12,836 sq ft on a site of 0.71 acres
Current passing rent equates to £2.50 per sq ft
August 2018 rent review outstanding (see note 2)
Benefits from being located very close to Mossley Railway Station

Lot 8
Auction 14th February 2019
Rent £32,000 per Annum Exclusive
Status Sold
Price £450,000
Sector
Industrial, Warehouse
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of a Major Fund

Property Information

Location

Miles: 4 miles north-east of Ashton-under-Lyne, 11 miles east of Manchester
Roads: A627, A635, A57, M60, M67, M62
Rail: Mossley Railway Station (approx 23 mins direct to Manchester Piccadilly)
Air: Manchester Airport

Situation

Mossley is a densely populated Greater Manchester town located approximately 11 miles east of the city centre. The property is situated on the north side of Waggon Road, at its junction with Mill Street and benefits from being just 100m from Mossley Railway Station.

Tenure

Freehold.

Location

Miles: 4 miles north-east of Ashton-under-Lyne, 11 miles east of Manchester
Roads: A627, A635, A57, M60, M67, M62
Rail: Mossley Railway Station (approx 23 mins direct to Manchester Piccadilly)
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises two industrial warehouses currently used as workshops with additional ancillary office accommodation, together totalling approximately 12,836 sq ft. The property benefits from four roller shutter doors, an eaves height of 5.3 metres, a large yard and a site area of approximately 0.71 acres (40% site coverage).

VAT

VAT is applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Description

VAT

VAT is applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground	Workshop/Office	1,192.47 sq m	(12,836 sq ft)	NATIONWIDE CRASH REPAIR CENTRES LIMITED guaranteed by Nationwide Accident Repair Services Limited (1)	25 years from 07/08/1998 until 06/08/2023 on a full repairing and insuring lease	£32,000	07/08/2018 (2)
Total		1,192.47 sq m	(12,836 sq ft)			£32,000

(1) Established in 1993, Nationwide Repairs is the leading and largest comprehensive automotive repairer in the UK with, 125 state-of-the- art equipped repair centres, a UK wide mobile repair network, a UK wide mobile glass repair and replacement network, three Fast Fit Plus centres and an accident management and claims handling service, Nationwide boasts the broadest range of repair solutions and services in the industry today (Source:www.nationwiderepairs.co.uk).
(2) The August 2018 rent review remains outstanding. Notice has been served at £49,500 p.a.x. Please refer to the legal pack for further information.