Let to HB Accident Repair Network Ltd Until 2030 (Subject to Option)
Attractive and Modern Industrial Unit
Rent Reviewed in line with the Retail Price Index (RPI) subject to Minimum of 2% and a Maximum of 4%.
Approximate Site Area of 0.55 Ha (1.40 Acres)
Appropriate Site Coverage of 39%
Well Located in Commercial Hub Close to the M60 and M61
Nearby occupiers include Amazon, Howdens, Screwfix and Toolstation
Lot 12
Auction 12th July 2022
Rent £125,000 per Annum Exclusive (2)
Status Sold Prior
Price
Sector Industrial, Warehouse
Auction Venue Live Streamed Auction
On Behalf of a Major Fund
Property Information
Location
Miles
5 miles north west of Manchester City Centre, 8 miles south east of Bolton
Roads
M60, M61, A580, A6
Rail
Moorside Railway Station, Swinton Railway Station
Air
Manchester Airport
Situation
Swinton is strategically situated immediately south of the junction of M60, M61 and M62 some 5 miles north west of Manchester city centre. The property is prominently situated on the west of Moorside road 100 metres south of junction with the A6 and adjacent to Moorside Railway Station. The immediate locality is a well established commercial hub with a large number of industrial units with occupiers including Amazon, Screwfix, Toolstation and Howdens.
Tenure
Freehold.
Location
Miles
5 miles north west of Manchester City Centre, 8 miles south east of Bolton
Roads
M60, M61, A580, A6
Rail
Moorside Railway Station, Swinton Railway Station
Air
Manchester Airport
Situation
Swinton is strategically situated immediately south of the junction of M60, M61 and M62 some 5 miles north west of Manchester city centre. The property is prominently situated on the west of Moorside road 100 metres south of junction with the A6 and adjacent to Moorside Railway Station. The immediate locality is a well established commercial hub with a large number of industrial units with occupiers including Amazon, Screwfix, Toolstation and Howdens.
Tenure
Freehold.
Description
The property comprises two modern portal framed industrial buildings with ground floor industrial accommodation and integral office accommodation on the first floor. The industrial units benefit from an eaves height of approximately 4.2 metres (14ft) and 3 x vehicle access loading doors to the side and the rear. The property benefits from car parking to the front and the rear and a site area of 0.55 Ha (1.40 Acres)and a site coverage of 39%.
VAT
VAT is applicable to this lot.
Viewings
Viewings are strictly by appointment only. For Health and Safety reasons interested parties must not attend the site without a prior appointment.
Please contact Alex Auterac on 020 7034 4859 for an appointment to view the property.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two modern portal framed industrial buildings with ground floor industrial accommodation and integral office accommodation on the first floor. The industrial units benefit from an eaves height of approximately 4.2 metres (14ft) and 3 x vehicle access loading doors to the side and the rear. The property benefits from car parking to the front and the rear and a site area of 0.55 Ha (1.40 Acres)and a site coverage of 39%.
VAT
VAT is applicable to this lot.
Viewings
Viewings are strictly by appointment only. For Health and Safety reasons interested parties must not attend the site without a prior appointment.
Please contact Alex Auterac on 020 7034 4859 for an appointment to view the property.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
(1) HB Accident Repair Network Limited (CRM 12944332) was incorporated in 2020 (www.hbarn.co.uk). (2) The current rent reserved under the terms of the lease is £120,000 per annum exclusive (pax). The lease provides for the rent to be increased to £125,000 p.a.x. on 27/11/2023. The Seller will pay to the Buyer the difference between the current rent reserved of £120,000 p.a.x. and £125,000 p.a.x. from completion of the sale until 27/11/2023. Therefore the property will produce £125,000 p.a.x. from completion of the sale. (3) The lease provides for a tenant option to determine the lease on 29/12/2025 upon serving 6 months written notice. If the tenant does not exercise the option to determine the lease the tenant will then benefit from a 3 month rent free period. (4) The lease provides for the rent to be increased in line with the Retail Price Index (RPI) subject to a minimum of 2% and a maximum of 4% . Please see the Rent Review clause in the lease which is available within the Legal Pack. (5) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
