319 Ordsall Lane Salford Quays Salford Greater Manchester M5 3FT

319 Ordsall Lane
Salford Quays
Salford
Greater Manchester
M5 3FT

Freehold Industrial Investment

Entirely let to Pan World Brands Ltd until 2021
Approximately 2,925.88 sq m (31,495 sq ft)
Site area of 0.546 hectares (1.35 acres) approximately
Redevelopment potential (subject to consents)
Six Week Completion

Lot
40
Auction
23rd May 2013
Rent
£126,250 per Annum Exclusive
Status
Sold
Price
£960,000
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA
On behalf of The Co-operative Estates

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Freehold Industrial Investment

Entirely let to Pan World Brands Ltd until 2021
Approximately 2,925.88 sq m (31,495 sq ft)
Site area of 0.546 hectares (1.35 acres) approximately
Redevelopment potential (subject to consents)
Six Week Completion

Lot 40
Auction 23rd May 2013
Rent £126,250 per Annum Exclusive
Status Sold
Price £960,000
Sector
Industrial, Warehouse
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA
On behalf of The Co-operative Estates

Property Information

Location

Miles: 2.5 miles south-west of Manchester City Centre; 30 miles east of Liverpool; 42 miles south-west of Leeds
Roads: A5066, A57, M602 (Junction 3)
Rail: Exchange Quay Metrolink, Manchester United Football Ground Rail, Manchester Oxford Road
Air: Manchester International Airport

Situation

The property is situated within a mixed use area adjacent to Manchester Ship Canal on the eastern side of Ordsall Lane (A5066). The property is less than 2.5 miles south-west of Manchester City Centre, just over a mile from Old Trafford Stadium, Manchester United's football ground and within close proximity of Trafford Park.

Tenure

Freehold.

Location

Miles: 2.5 miles south-west of Manchester City Centre; 30 miles east of Liverpool; 42 miles south-west of Leeds
Roads: A5066, A57, M602 (Junction 3)
Rail: Exchange Quay Metrolink, Manchester United Football Ground Rail, Manchester Oxford Road
Air: Manchester International Airport

Situation

Tenure

Freehold.

Description

The property comprises a two storey office building with a substantial warehouse to the rear including a mezzanine area providing storage accommodation. The property benefits from a secure site including a large loading yard and 4 roller shutter doors to the rear.

VAT

VAT is applicable to this lot.

EPC

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

Description

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	Reversions
Ground First Mezzanine	Warehouse/Office Office Storage	2,507.11 sq m 246.65 sq m 172.12 sq m	(26,987 sq ft) (2,655 sq ft) (1,853 sq ft)	PAN WORLD BRANDS LTD (1)	15 years from 30/01/2006 until 29/01/2021 on a full repairing and insuring lease	£126,250	30/01/2011 and five yearly
Totals		2,925.88 sq m	(31,495 sq ft)			£126,250

(1) Pan World Brands Limited, incorporated in 1989, is a well established and successful importer and distributor of fashion and sports performance apparel, sports equipment as well as workwear apparel and footwear. Pan World currently holds exclusive long term European licences with two of the world's leading heritage brands, Everlast Boxing and Lee Cooper Workwear, and also has its own range of golf apparel and equipment. The company is half owned by Mike Ashley of Newcastle United and Sports Direct. For the year ending 30th April 2012, Pan World Brands Limited reported a net worth of £3,890,755 in their abbreviated report and accounts. (Source: www.panworldbrands.com 12/04/2013)