Industrial Investment
Industrial Investment Currently Producing £83,000 pa (Approx) Site Area Approx 2.2 Acres Land & Buildings Windsor Street Oldham OL1 4AQ
• Established industrial location • Gross yield of 9.27% • 2 miles east of A627(M)
Location The property is located on the north side of Windsor Street, just off Shaw Road (B6194) in an established industrial area, approximately 2 miles north east of Oldham Town Centre. Junction 22 of the M60 motorway is approximately 5 miles south west with the A627(M) approximately 2 miles to the east providing easy access to Junction 20 of the M62 motorway approximately 5 miles north west. General Description The property comprises an industrial complex of approximately 2.2 acres. The site largely comprises fully concreted yardage together with a single detached warehouse unit of steel portal frame construction with a profile steel sheet roof.
EPC Copies of the EPCs are available on request.
The site is let to four tenants in total, two occupying the warehouse which has been split and two occupying the remaining yard areas.
VAT All figures quoted are exclusive of but may be liable to VAT.
Tenancies Viewing The site is currently producing a net rental income of £83,000 per annum from four separate tenants. A copy of the tenancy schedule is attached. Copies of the leases are available on request.
By appointment with the sole agent: WT Gunson for the attention of Neale Sayle. (Email: [email protected])
Purchase Price Date of Preparation: 28/2/17 Offers in the region of £895,000. Tenure Believed freehold although interested parties should make the usual formal enquiries.
AERIAL VIEW
For Identification Purposes Only
TENANCY SCHEDULE WINDSOR STREET, OLDHAM Unit Unit 1 & Yard Unit 2 Land (Approx 0.2 acre)
Unit 3 Land (Approx 0.8 acre) Unit 4
TOTAL
NIA (Sq Ft)
Tenant
8,129 Daniel Holt (D & D Gardening) Under Offer/Basil Alkhatib
Lark Energy Embedded
2,719 PC Commercials (NW) Ltd
Start Date
End Date
22/09/2014
21/09/2019
Gross Rent (pa) 33,000
Net Rent (pa) 33,000
10,000
10,000
01/11/2016
31/10/2041
25,000
25,000
14/11/2014
13/11/2019
27,000
16,000
£95,000
£83,000 (Approx)
Rent Review
Annual increase RPI or 0.5%
Break Date
After year 5 tenant can give 12 months notice at any time if the site is uneconomically viable
Comments
5 year lease stepped rent £10k/£11k/£12k lease commencement TBC Lease commencement TBC Rent inclusive of utilities and rates
• Established industrial location • Gross yield of 9.27% • 2 miles east of A627(M)
Location The property is located on the north side of Windsor Street, just off Shaw Road (B6194) in an established industrial area, approximately 2 miles north east of Oldham Town Centre. Junction 22 of the M60 motorway is approximately 5 miles south west with the A627(M) approximately 2 miles to the east providing easy access to Junction 20 of the M62 motorway approximately 5 miles north west. General Description The property comprises an industrial complex of approximately 2.2 acres. The site largely comprises fully concreted yardage together with a single detached warehouse unit of steel portal frame construction with a profile steel sheet roof.
EPC Copies of the EPCs are available on request.
The site is let to four tenants in total, two occupying the warehouse which has been split and two occupying the remaining yard areas.
VAT All figures quoted are exclusive of but may be liable to VAT.
Tenancies Viewing The site is currently producing a net rental income of £83,000 per annum from four separate tenants. A copy of the tenancy schedule is attached. Copies of the leases are available on request.
By appointment with the sole agent: WT Gunson for the attention of Neale Sayle. (Email: [email protected])
Purchase Price Date of Preparation: 28/2/17 Offers in the region of £895,000. Tenure Believed freehold although interested parties should make the usual formal enquiries.
AERIAL VIEW
For Identification Purposes Only
TENANCY SCHEDULE WINDSOR STREET, OLDHAM Unit Unit 1 & Yard Unit 2 Land (Approx 0.2 acre)
Unit 3 Land (Approx 0.8 acre) Unit 4
TOTAL
NIA (Sq Ft)
Tenant
8,129 Daniel Holt (D & D Gardening) Under Offer/Basil Alkhatib
Lark Energy Embedded
2,719 PC Commercials (NW) Ltd
Start Date
End Date
22/09/2014
21/09/2019
Gross Rent (pa) 33,000
Net Rent (pa) 33,000
10,000
10,000
01/11/2016
31/10/2041
25,000
25,000
14/11/2014
13/11/2019
27,000
16,000
£95,000
£83,000 (Approx)
Rent Review
Annual increase RPI or 0.5%
Break Date
After year 5 tenant can give 12 months notice at any time if the site is uneconomically viable
Comments
5 year lease stepped rent £10k/£11k/£12k lease commencement TBC Lease commencement TBC Rent inclusive of utilities and rates
