unit 3 olympic park
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UNIT 3 OLYMPIC PARK BIRCHWOOD, WARRINGTON, WA2 0YL
PPC PRIME PROPERTY CONSULTANCY
MODERN FREEHOLD OFFICE INVESTMENT FOR SALE PRIME BUSINESS PARK OFFICE LOCATION IDEAL SIPP OPPORTUNITY
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Investment summary • Opportunity to acquire an office investment in Warrington. • Two storey office building totalling 5,120 sq ft with 18 car parking spaces. • Includes a land strip providing the opportunity to add parking at a later date subject to planning. • Excellent location close to M6 and M62 junctions. • The current rent passing is £74,240 per annum reflecting low rent of £14.50 per sq ft with the 18 car parking spaces inclusive. • The building has two separate tenancies. DPS Alban Technical Limited occupy the first floor on a 5 year lease from 22/06/2018. The ground floor lease includes the directors of Southmill Ltd and is also on a five year lease from the 15/11/18. • Ideal SIPP opportunity. • Freehold. • Offers in excess of £800,000 (Eight Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 8.80%, assuming purchase costs at 5.49%.
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LOCatIOn Set in 10 acres, Olympic Park Birchwood is strategically positioned in close proximity to the M6/M62 interchange. Birchwood benefits from excellent connectivity to the regional and national motorway network, close to both J21 of the M6 and J11 of the M62. Birchwood Train Station which is situated adjacent to Birchwood Shopping Centre provides a regular service into both Manchester and Liverpool and is situated circa 2 miles from Olympic Park. Birchwood Shopping Centre is the main centre for the provision of local amenity and provides a variety of shops and restaurants. Warrington town centre is just over 3.5 miles to the south west.
Dedicated Bus service to Birchwood Station and Shopping Centre 3 hotels within minutes drive 20 minutes to Manchester International Airport 25 minutes to Manchester City Centre 5 minutes drive to Birchwood Shopping Centre 20 minutes walk to Birchwood Shopping Centre
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DesCrIPtIOn Building 3 Olympic Park is a contemporary two storey self-contained office building situated prominently on the main estate road. Architecturally the building design incorporates a large amount of glazing to maximise natural light. The accommodation has been fitted to a high standard by both tenants, reflecting a modern office working environment. Male and female toilet facilities are available on both floors with a disabled toilet facility located at ground floor level.
sPeCIFICatIOn • • • • •
Full Air-conditioning Double glazing throughout Suspended ceiling with mineral fibre tile and LED light panels Male, female and disabled toilets Dedicated entrance and reception area
sIte PLan
• • • •
Finished floor to ceiling height 2.75m Fully accessible raised floor Car parking ratio 1:284 sq ft NIA BREEAM “Very Good” accreditation
FLOOr areas 1 2 3
Ground Floor First Floor TOTAL NIA
4 5
7
6
8
Sq ft 2,560 sq ft 2,560 sq ft 5,120 sq ft
Sq m 237 237 474
AMENITIES
TENANCY
CONTACT
9 10
it Un
11
3
12 13
14 15
16 17 18
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Birchwood Leisure & tennis Complex
amenItIes Birchwood shopping Centre is 1.6 miles to the east of Olympic Park. retailers include: asda, Costa Coffee, starbucks, aldi, sports Direct, new Balance, timpsons and mcDonalds to name only a few.
mcdonalds argos
Domino’s Pizza
there are 3 hotels within a few minutes from Olympic Park including Holiday Inn, Premier Inn and Penta Hotel.
asda
Birchwood shopping Centre
UNIT 3 OLYMPIC PARK M6
Holiday Inn & Premier Inn Warrington
M6 J21
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tenanCy the building has two separate tenancies. DPs alban technical Limite occupy the first floor on a 5 year lease from 22/06/2018. the ground floor lease includes the directors of southmill Ltd and is also on a five year lease from the 15/11/18. Both tenants have recently completed a high quality fit out in the building and are now in full occupation. Both leases are drafted on an internal repairing and insuring basis contracted outside of the Landlord & Tenant Act 1954 Part II. In addition, both tenants contribute to an estate service charge and building service charge for maintenance of all common parts and external areas.
COvenant InFOrmatIOn Ground Floor The ground floor is leased to three private individuals including the directors of Southmill Ltd who occupy the space. Southmill is a specialist construction and refurbishment business operating in the commercial, leisure, retail, public and residential sectors. First Floor DPs alban technical Limited – 07088397 DPS is a leading Project Management and Engineering Company servicing industry around the world for 40 years. Their new lease has the benefit of a Parent Company Guarantee (DPS Engineering Holdings Limited – IE385008). Full account information is available upon request.
DESCRIPTION
AMENITIES
TENANCY
CONTACT
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tenure The property is held freehold.
ePC An energy performance certificate (EPC) is available upon request.
vat We understand that the property has been elected for VAT. As such it is anticipated that the sale will be handled as a transfer of a going concern (TOGC).
PrOPOsaL We are seeking offers in excess of £800,000 (Eight Hundred Thousand Pounds), subject to contract and exclusive of VAT, for our client’s freehold interest. A purchase at this level reflects an attractive Net Initial Yield of 8.80%, assuming purchase costs at 5.49%.
COntaCt
simon roddam Tel: 01925 822112 Email: [email protected]
LOCATION
DESCRIPTION
AMENITIES
TENANCY
CONTACT
INVESTMENT SUMMARY
LOCATION
DESCRIPTION
AMENITIES
TENANCY
CONTACT
UNIT 3 OLYMPIC PARK BIRCHWOOD, WARRINGTON, WA2 0YL
PPC PRIME PROPERTY CONSULTANCY
MODERN FREEHOLD OFFICE INVESTMENT FOR SALE PRIME BUSINESS PARK OFFICE LOCATION IDEAL SIPP OPPORTUNITY
HOME
INVESTMENT SUMMARY
LOCATION
DESCRIPTION
AMENITIES
TENANCY
CONTACT
Investment summary • Opportunity to acquire an office investment in Warrington. • Two storey office building totalling 5,120 sq ft with 18 car parking spaces. • Includes a land strip providing the opportunity to add parking at a later date subject to planning. • Excellent location close to M6 and M62 junctions. • The current rent passing is £74,240 per annum reflecting low rent of £14.50 per sq ft with the 18 car parking spaces inclusive. • The building has two separate tenancies. DPS Alban Technical Limited occupy the first floor on a 5 year lease from 22/06/2018. The ground floor lease includes the directors of Southmill Ltd and is also on a five year lease from the 15/11/18. • Ideal SIPP opportunity. • Freehold. • Offers in excess of £800,000 (Eight Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 8.80%, assuming purchase costs at 5.49%.
HOME
INVESTMENT SUMMARY
LOCATION
DESCRIPTION
AMENITIES
TENANCY
CONTACT
LOCatIOn Set in 10 acres, Olympic Park Birchwood is strategically positioned in close proximity to the M6/M62 interchange. Birchwood benefits from excellent connectivity to the regional and national motorway network, close to both J21 of the M6 and J11 of the M62. Birchwood Train Station which is situated adjacent to Birchwood Shopping Centre provides a regular service into both Manchester and Liverpool and is situated circa 2 miles from Olympic Park. Birchwood Shopping Centre is the main centre for the provision of local amenity and provides a variety of shops and restaurants. Warrington town centre is just over 3.5 miles to the south west.
Dedicated Bus service to Birchwood Station and Shopping Centre 3 hotels within minutes drive 20 minutes to Manchester International Airport 25 minutes to Manchester City Centre 5 minutes drive to Birchwood Shopping Centre 20 minutes walk to Birchwood Shopping Centre
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INVESTMENT SUMMARY
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DESCRIPTION
DesCrIPtIOn Building 3 Olympic Park is a contemporary two storey self-contained office building situated prominently on the main estate road. Architecturally the building design incorporates a large amount of glazing to maximise natural light. The accommodation has been fitted to a high standard by both tenants, reflecting a modern office working environment. Male and female toilet facilities are available on both floors with a disabled toilet facility located at ground floor level.
sPeCIFICatIOn • • • • •
Full Air-conditioning Double glazing throughout Suspended ceiling with mineral fibre tile and LED light panels Male, female and disabled toilets Dedicated entrance and reception area
sIte PLan
• • • •
Finished floor to ceiling height 2.75m Fully accessible raised floor Car parking ratio 1:284 sq ft NIA BREEAM “Very Good” accreditation
FLOOr areas 1 2 3
Ground Floor First Floor TOTAL NIA
4 5
7
6
8
Sq ft 2,560 sq ft 2,560 sq ft 5,120 sq ft
Sq m 237 237 474
AMENITIES
TENANCY
CONTACT
9 10
it Un
11
3
12 13
14 15
16 17 18
HOME
INVESTMENT SUMMARY
LOCATION
DESCRIPTION
AMENITIES
TENANCY
CONTACT
Birchwood Leisure & tennis Complex
amenItIes Birchwood shopping Centre is 1.6 miles to the east of Olympic Park. retailers include: asda, Costa Coffee, starbucks, aldi, sports Direct, new Balance, timpsons and mcDonalds to name only a few.
mcdonalds argos
Domino’s Pizza
there are 3 hotels within a few minutes from Olympic Park including Holiday Inn, Premier Inn and Penta Hotel.
asda
Birchwood shopping Centre
UNIT 3 OLYMPIC PARK M6
Holiday Inn & Premier Inn Warrington
M6 J21
HOME
INVESTMENT SUMMARY
LOCATION
tenanCy the building has two separate tenancies. DPs alban technical Limite occupy the first floor on a 5 year lease from 22/06/2018. the ground floor lease includes the directors of southmill Ltd and is also on a five year lease from the 15/11/18. Both tenants have recently completed a high quality fit out in the building and are now in full occupation. Both leases are drafted on an internal repairing and insuring basis contracted outside of the Landlord & Tenant Act 1954 Part II. In addition, both tenants contribute to an estate service charge and building service charge for maintenance of all common parts and external areas.
COvenant InFOrmatIOn Ground Floor The ground floor is leased to three private individuals including the directors of Southmill Ltd who occupy the space. Southmill is a specialist construction and refurbishment business operating in the commercial, leisure, retail, public and residential sectors. First Floor DPs alban technical Limited – 07088397 DPS is a leading Project Management and Engineering Company servicing industry around the world for 40 years. Their new lease has the benefit of a Parent Company Guarantee (DPS Engineering Holdings Limited – IE385008). Full account information is available upon request.
DESCRIPTION
AMENITIES
TENANCY
CONTACT
HOME
INVESTMENT SUMMARY
tenure The property is held freehold.
ePC An energy performance certificate (EPC) is available upon request.
vat We understand that the property has been elected for VAT. As such it is anticipated that the sale will be handled as a transfer of a going concern (TOGC).
PrOPOsaL We are seeking offers in excess of £800,000 (Eight Hundred Thousand Pounds), subject to contract and exclusive of VAT, for our client’s freehold interest. A purchase at this level reflects an attractive Net Initial Yield of 8.80%, assuming purchase costs at 5.49%.
COntaCt
simon roddam Tel: 01925 822112 Email: [email protected]
LOCATION
DESCRIPTION
AMENITIES
TENANCY
CONTACT
