Land for sale

Wrigley Head, Manchester M35


OIRO
£2,000,000
479,160,000 - 1,785,960,000 ft²

Features

  • Development opportunity stp for X9 Industrial units.
  • Established industrial estate
  • Good links to all major public transport
  • Good location close to the M60 Junction 22
  • Investment opportunity with huge potential for development
  • Multi occupancy/use comprising of: Industrial, retail & yard space

Description

Established fully let industrial and retail investment:
An ideal investment opportunity for developers. Current rental of £161,408 per annum.
Redevelopment opportunity for a further 9 industrial units. Possible rental increase to £300,000 per annum.
Subject to planning. Planning department have already seen the plans the further 9 industrial units and will be supporting the application.
The site currently comprising of an antique centre, cafe and fish chip shop, in addition, a hard standing yard which is currently let as a car sales pitch.
The property is a two-storey steel portal, framed and detached.
The ground floor is occupied by a furniture company, with the 1st floor occupied by the antique centre.
Adjacent to the main building is an L shaped 2 storey brick building which houses a cafe as well as additional shops.
The rear of the property contains a large hard standing yard used for vehicle sales and storage.
Income from various tenants (many of which have been long established) providing an excellent passing rent.
Renewable contracts with break clauses to allow greater flexibility for both landlord and tenant.
Demanding established antiques centres and communities with shops and cafe provides countless visiting customers.

Industrial Development Potential:
Additional opportunity to build X9 industrial units stp on the adjacent main yard.
(A scheme with drawings is available upon request with more information below)
9 light industrial units, Units 1-5 are the largest and Units 6-9 can be intended for smaller businesses or as starter units. Each unit will have parking including 1 accessible space as well as cycle storage.
Units 1-5 will all house the same accommodation with 4 designated parking spaces which will be as follows; A Ground Floor office/reception (circa 12.6m²) which directly links to an accessible WC, storage and the stairs to the first-floor open plan office over (circa 55.2m²).
Also, at the ground floor level will be the Double height warehouse (circa 88.5m²) which can be accessed internally or externally via the roller security shutters.
Units 6-9 will be smaller starter units comprising of a Ground Floor office/reception (circa 12.2m²) which directly links to an accessible WC, a separate Tea room and the stairs to the first-floor open plan office over (circa 44m²).
Within the first-floor circulation, the unit has access to further storage. Also, at the ground floor level will be the single height warehouse/storage area (circa 24m²) which can be accessed internally or externally via the roller security shutters.
Units 6-9 will each have 3 designated parking spaces, one of which will be intended as an accessible space.
There is also again the potential for a further space if required to the front of the storage shutters. In addition, there will again be ample cycle parking provisions to the front of the units.

Current Accommodation:
The antique centre is located on the 1st floor of the depot and accessible by stairs, with a furniture showroom on the ground floor.
The remaining shops including an antique store are located on Wrigley head/George Street and are supported by a small yard.
The main yard is hard standing with palisade fencing and secure gates around, and maybe suitable for industrial development stp.

17 Wrigley Head - large warehouse split over two floors - 20,000 sq ft

19 Wrigley Head/ George Street - all shops/cafe + small yard area - 5600 sq ft

Main Yard - 26,000 sq ft

Amenities:
Producing £161,408.04K P/A - Ideal for investors or developers. Multi occupancy established estate comprising of Industrial, retail & yard space. Located just of Oldham Road (A62), Greater Manchester. Total site area approximately 1.06 acres.

Outgoings:
Through enquiries with the Valuation Office Agency website, it is noted that the property attracts a Rateable Value in the 2017 Rating List of £34,000 (no 17), £2,950 (no 19). Please note the Rateable Value is not what you pay.

Business Rates:
(Rateable Values)
(Depot)
17 Wrigley Head - Warehouse premises- £34,000
19 Wrigley Head - Shop and premises - £2,950
19 at Wrigley Head - Shop and premises - £3,800
3 George Street - Shop and premises - £2350
5 George Street- Shop and premises- £2250
Yard - Land storage premises (combined) £13,100

Vat:
The above amounts are exclusive of but may be liable to VAT. Each party must satisfy themselves independently to the occurrence of VAT in this instance.

Legal Costs:
If sold, each party are to bear legal costs incurred in connection with the transaction.

Gross rental income:
£161,408.04

Title:
The property in its entirety consists of X2 Freeholds, with a leasehold affecting Unit 17

Epc:
We understand the property is assessed within
Band E and a copy of the EPC is available on
request.

For more information or to arrange a viewing please don't hesitate to get in touch.

Misrepresentation Act 1967 Ivy Business centre Ltd for themselves, for any joint agents and for the vendors or lessors of this property whose agents they give notice that: 1: The details contained within these particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute, nor constitute part of, an offer or contract. 2: All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to each of them. Figures and gross rentals quoted maybe subject to change.
3: No person in the employment of Ivy Business centre Ltd or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. 4: All rentals and prices are quoted exclusive of VAT. Compliance Declaration: One of the partners in our commercial division has a declarable interest in this property. This statement is being made in compliance with regulation ahead of any potential negotiations.

Categories

Land
Property reference
TH4979_18