The property is situated within Trafford Park, on the western side of Kestrel Road, at its junction with Guinness Road. Trafford Park is the North West’s premier industrial location situated 4.5 miles west of Manchester City Centre and houses occupiers including Kellogg’s, Adidas, Proctor & Gamble and L’Oreal. Other nearby occupiers include Eddie Stobart, MF Logistics and Maccess.
Tenure
Freehold. The property is held under two separate titles. Unit 1 is held virtual freehold for a term of 999 years from 25th March 1996 at a peppercorn rent. Unit 2 is held freehold.
Location
Miles
4.5 miles west of Manchester City Centre 28 miles east of Liverpool 45 miles south-west of Leeds
The property is situated within Trafford Park, on the western side of Kestrel Road, at its junction with Guinness Road. Trafford Park is the North West’s premier industrial location situated 4.5 miles west of Manchester City Centre and houses occupiers including Kellogg’s, Adidas, Proctor & Gamble and L’Oreal. Other nearby occupiers include Eddie Stobart, MF Logistics and Maccess.
Tenure
Freehold. The property is held under two separate titles. Unit 1 is held virtual freehold for a term of 999 years from 25th March 1996 at a peppercorn rent. Unit 2 is held freehold.
Description
The property comprises two modern industrial units, each benefiting from an eaves height of 6 metres, a roller shutter door and office accommodation over two floors. Each unit has a large loading area and car parking allocations. There are two electricity sub-stations on site.
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 two modern industrial units, each benefiting from an eaves height of 6 metres, a roller shutter door and office accommodation over two floors. Each unit has a large loading area and car parking allocations. There are two electricity sub-stations on site.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
1
Ground First Tenant’s Mezzanine
Industrial/Offices Offices Offices
1,196.89 sq m 211.66 sq m 198.00 sq m
(12,883 sq ft) (2,278 sq ft) (2,131 sq ft)
JOHNSON CONTROLS LIMITED (1)
5 years from 29/09/2011 (2)
£75,505
(28/09/2016)
2
Ground First
Industrial/Offices Offices
937.83 sq m 100.08 sq m
(10,095 sq ft) (1,077 sq ft)
MIS TESTING LIMITED (3)
10 years from 06/2013 (4)
£50,000 (5)
06/2018 (06/2023)
Substation
NORWEB PLC
999 years from 07/07/1988
£1
06/07/2987
Totals
2,644.46 sq m
(28,464 sq ft)
£125,506
(1) Founded in 1885, Johnson Controls is a global diversified technology and industrial leader with over 170,000 employees serving customers in more than 1,300 locations worldwide. Having reported global sales of $42 billion in fiscal year 2012, they are currently ranked no. 67 on U.S. Fortune 500 and no. 251 on Global Fortune 500. (Source: www.johnsoncontrols.co.uk 24/04/2013) (2)There is a tenant only option to determine on 28/09/2014, subject to six months prior written notice. (3) MIS Testing was established in 1983 and delivers a range of technical services to industry and commerce. MIS is a major force in the UK testing market providing services and facilities in mechanical testing, chemistry, coatings and other areas of material testing. (Source: www.mistesting.co.uk) (4) There is a tenant option to determine on the fifth anniversary of the term, subject to 6 months prior written notice and a penalty payment of £25,000. (5) The current rent is £25,000 p.a.x. rising to £50,000 p.a.x. in the third, fourth and fifth years. The seller has agreed to adjust the completion monies so that the property will effectively produce £50,000 from completion of the sale.
Contacts
Seller's Solicitors
Weightmans Solicitors Pall Mall Court, 61-67 King Street Manchester M2 4PD
