Industrial Investment
PRICE REDUCTION
Industrial Investment Site Area Approx 2.2 Acres Land & Buildings Windsor Street Oldham OL1 4AQ
• Rental Income £86,000pa • Established industrial location • 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
TENANCIES
VIEWING
A copy of the tenancy schedule is attached. Copies of the leases are available on request.
By appointment with the sole agent:
PURCHASE PRICE Offers in the region of £825,000. TENURE Believed freehold although interested parties should make the usual formal enquiries.
All figures quoted are exclusive of but may be liable to VAT.
WT Gunson for the attention of Neale Sayle. (Email: [email protected]) Date of Preparation: 28/2/17 (Revised 11/01/18)
AERIAL VIEW
For Identification Purposes Only
TENANCY SCHEDULE - WINDSOR STREET, OLDHAM Unit
GIA (Sq Ft)
Unit 1 & Yard (Approx 0.5 acre)
Ground Mezz Floor 1 Mezz Floor 2
54.96sqm 84.78sqm 77.36sqm
Tenant
Start Date
End Date
Rent (pa)
Daniel Holt (D & D Gardening)
22/09/2014
21/09/2019
33,000
Basil Alkhatib
01/03/2017
28/02/2022
10,000
Gas Generation Oldham Ltd
28/02/2017
27/02/2042
25,000
Gaz Monkey Restorations Ltd
05/09/2017
04/09/2022
18,000
Rent Review
Break Date
Comments
Ground Floor Lean to Extension 189.30sqm Mezz 65.62sqm Total 472.02sqm(5,081ft)
Unit 2 Land (Approx 0.2 acre) Unit 3 Land (Approx 0.8 acre) Unit 4 plus Yard
TOTAL
Ground Mezz Total
332.16sqm 67.84sqm 400sqm(4,306ft)
£86,000
5 year lease stepped rent £10k/£11k/£12k Annual increase RPI or 0.5%
After year 5 tenant can give 12 months notice at any time if the site is uneconomically viable
£50,000 rent deposit
New 5yr lease agreed. First year at half rent.
Industrial Investment Site Area Approx 2.2 Acres Land & Buildings Windsor Street Oldham OL1 4AQ
• Rental Income £86,000pa • Established industrial location • 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
TENANCIES
VIEWING
A copy of the tenancy schedule is attached. Copies of the leases are available on request.
By appointment with the sole agent:
PURCHASE PRICE Offers in the region of £825,000. TENURE Believed freehold although interested parties should make the usual formal enquiries.
All figures quoted are exclusive of but may be liable to VAT.
WT Gunson for the attention of Neale Sayle. (Email: [email protected]) Date of Preparation: 28/2/17 (Revised 11/01/18)
AERIAL VIEW
For Identification Purposes Only
TENANCY SCHEDULE - WINDSOR STREET, OLDHAM Unit
GIA (Sq Ft)
Unit 1 & Yard (Approx 0.5 acre)
Ground Mezz Floor 1 Mezz Floor 2
54.96sqm 84.78sqm 77.36sqm
Tenant
Start Date
End Date
Rent (pa)
Daniel Holt (D & D Gardening)
22/09/2014
21/09/2019
33,000
Basil Alkhatib
01/03/2017
28/02/2022
10,000
Gas Generation Oldham Ltd
28/02/2017
27/02/2042
25,000
Gaz Monkey Restorations Ltd
05/09/2017
04/09/2022
18,000
Rent Review
Break Date
Comments
Ground Floor Lean to Extension 189.30sqm Mezz 65.62sqm Total 472.02sqm(5,081ft)
Unit 2 Land (Approx 0.2 acre) Unit 3 Land (Approx 0.8 acre) Unit 4 plus Yard
TOTAL
Ground Mezz Total
332.16sqm 67.84sqm 400sqm(4,306ft)
£86,000
5 year lease stepped rent £10k/£11k/£12k Annual increase RPI or 0.5%
After year 5 tenant can give 12 months notice at any time if the site is uneconomically viable
£50,000 rent deposit
New 5yr lease agreed. First year at half rent.
