Commercial property for sale in Manchester

Full Let Industrial Investment Opportunity * End-terrace industrial / warehousing unit comprising a base total of 5,852 sq ft (543.73 sq m) with an additional tenant's installed mezzanine of 1,993 sq ft * Located in a highly sought after industrial estate, 2 miles from the centre of Stockport and the M60 motorway * The property is held long leasehold under title number MAN46390 for a period of 999 years from 1st December 2005 * Leased to Costumes with Character Limited for a term of 10 years expiring May 2034 * Costumes with Character Limited have been in occupation of the subject property for 19 years, since 2006 * Current annual rental of £60,000 per annum equates to £10.25 per sq ft (on the basis of the original base total) * Estimated rental value of £12.00 per sq ft * Offers are sought in excess of £900,000 (Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT * A purchase at this level reflects a Net Initial Yield of circa 6.31%, after costs, which equates to £150 per sq ft

Commercial property for sale in Manchester, England

Light industrial for sale

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