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Property Listing Details

Property details

  • Floor area 38,938 sq. ft

Features

  • High yielding industrial investment with planning for additional development
  • New 20 year lease to Full Circle Events & Exhibitions Ltd with annual rpi increases
  • Offers in the region of £2,250,000 reflecting a Net Initial Yield of 8.14% (assuming purchasers costs of 6.33%) and a low capital value of £57 psf

Listing view statistics

Last 30 days: 53 page views

Since listed: 409 page views

Description

The investment comprises of two single storey warehouse premises which form part of a larger estate and which are separated by another industrial unit sandwiched between them. There is also additional development land located behind the units.

Engels House

The principal unit is Engels House which benefits from good access and has approximately 26 parking spaces located to the front of the property. Engels House is of steel portal frame construction with brick and block elevations beneath a pitched steel sheet roof with an eaves height of approximately 6 meters. The property has been modified and has seen significant investment in recent years to extend what was once a canopy loading bay area into high quality office accommodation with double glazed UPVC windows. The property is secured by a pin protected intercom system which leads to a high quality waiting area and open plan offices. The warehouse is accessed via the estates central road and is open plan in layout with concrete floors, painted brick and block perimeter walls, gas air heaters and steel overhead service trunking. The unit benefits from one roller shutter ground level loading access door.

Unit G2-G4

This unit is one of the same construction as Engels House and also has an eaves height of approximately 6 meters, however has not seen the recent refurbishment. Full Circle Events & Exhibitions have recently taken this warehouse and intend on refurbishing the facility.

Development Land

There is approximately 0.5 acres of development land with full planning permission granted for a single B1c commercial unit together with 27 car parking spaces, motorcycle and cycle parking and a servicing/delivery area. The unit will cover a floor area of 875.5 sqm (9,424 sq ft). It will measure 8.05m to its eaves and 11.15m to its ridge. Further details are available upon request and also via Salford City Council's planning portal with planning reference 18/71288/ful.

Map & Nearby

Local Amenities

  • Eccles (Manchester) 1.2 miles
  • Salford Crescent 1.3 miles
  • Willow Tree Primary School 0.4 miles
  • St Luke's CofE Primary School 0.4 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Eccles (Manchester) 1.2 miles
  • Salford Crescent 1.3 miles
  • Willow Tree Primary School 0.4 miles
  • St Luke's CofE Primary School 0.4 miles
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Property descriptions and related information displayed on this page are marketing materials provided by WT Gunson. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact WT Gunson for full details and further information.