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Industrial / Retail / Land Investment, Wrigley Head, Manchester, M35 9BS

1 acres / Industrial / Investment

For Sale - £2,000,000.00

Available - Last updated: 23 November 2021

An ideal opportunity for investors and developers.

Established fully let mixed industrial / retail investment or redevelopment opportunity for X9 industrial units subject to planning; supported by a large hard standing yard.

Consisting of an Antiques Centre, Café, Fish-chip shop, as well as hard standing yard currently let as a car sales pitch.

The property is two-storey steel portal framed and detached.

The ground floor is occupied by furniture company, with the 1st floor occupied by an antiques centre.

Adjacent to the main building is an L shaped 2 storey brick building which houses a café as well as additional shops.

The rear of the property contains a Large hardstanding yard used for vehicle sales and storage.

The Antique centre is located on the 1st floor of the Depot and accessible by stairs, with furniture show room on the ground floor.

The remaining shops including an antiques store are located on Wrigley head/George Street and supported by a small yard.

The main yard is hard standing with palisade fencing and secure gates around; and maybe suitable for industrial development stp.

Location

The properties are located within an established industrial estate off Oldham Road (A62) Failsworth town, Greater Manchester - Wrigley Head & George street.

Circa 1.5 Miles from Junction 22 of the M60 and 4 miles to Manchester City Centre.

Good links to all major road and public transport networks. The local Metrolink Hollinwood Park and Ride is within walking distance of the site.

Accommodation

Approximate Site Area:
(See attached plans)

17 Wrigley Head - large warehouse split over two floors - Circa 20,000 sq. Ft.

19 Wrigley Head/George Street – All shops/café + small yard area - Circa 5600 sq. Ft.

Main Yard – Circa 26,000 sq. Ft.

Total site area foot print: (1 Acre)

Terms

Offers in the region of: £2,000,000

The Opportunity:
An ideal opportunity for investors and developers.

Income from various tenants many of which have been long established providing an excellent passing rent. Renewable contracts with break clauses to allow greater flexibility for both landlord and tenant. Established antiques centre and community with shops and café with many visiting customers.

Industrial development potential stp - Additional opportunity to build X9 industrial units stp on the adjacent main yard. (A scheme with drawings is available upon request)

9 light industrial units, Units 1-5 will be the largest and Units 6-9 will be intended more as starter units. Each unit will have its own parking including 1 accessible space as well as cycle storage.

Units 1-5 will all house the same accommodation with 4 designated parking spaces which will be as follows; A Ground Floor office/reception (circa 12.6m²) which directly links to an accessible WC, storage and the stairs to the first-floor open plan office over (circa 55.2m²).

Also, at ground floor level will be the Double height warehouse (circa 88.5m²) which can be accessed internally or externally via the roller security shutters.

Units 6-9 will be smaller starter units comprising of a Ground Floor office/reception (circa 12.2m²) which directly links to an accessible WC, separate Tea room and the stairs to the first-floor open plan office over (circa 44m²). Within the first-floor circulation the unit has access to further storage. Also, at ground floor level will be the single height warehouse/storage area (circa 24m²) which can be accessed internally or externally via the roller security shutters.

Units 6-9 will each have 3 designated parking spaces, one of which will be intended as an accessible space. There is also again potential for a further space if required to the front of the storage shutters. In addition, there will again be ample cycle parking provisions to the front of the units.

Tenancy Schedule:

Freehold 1:
(Depot)
17 Wrigley Head - Furniture show room- £30,000
17 Wrigley Head - Antique Centre - £44,304

Freehold 2:
19 Wrigley Head - Fish and Chip Shop - £9,360
19a Wrigley Head – Antique Shop - £13,200
3 George Street – Café - £7,800
5 George Street - £10,440

Yard – Vehicle Sales/Storage £26,640

Gross rental income: Circa £141,744

Business Rates:
(Rateable Values)

(Depot)
17 Wrigley Head – Warehouse premises- £34,000

19 Wrigley Head – Shop and premises - £2,950
19 at Wrigley Head – Shop and premises - £3,800
3 George Street – Shop and premises - £2350
5 George Street- Shop and premises- £2250

Yard – Land storage premises (combined) £13,100

EPC:
We understand the property is assessed within Band B-(26-50) and a copy of the EPC is available on request.

Misrepresentation Act 1967 Ivy Business centre Ltd for themselves, for any joint agents and for the vendors or lessors of this property whose agents they give notice that: 1: The details contained within these particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute, nor constitute part of, an offer or contract. 2: All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to each of them. Figures and gross rentals quoted maybe subject to change.
3: No person in the employment of Ivy Business centre Ltd or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. 4: All rentals and prices are quoted exclusive of VAT. Compliance Declaration: One of the partners in our commercial division has a declarable interest in this property. This statement is being made in compliance with regulation ahead of any potential negotiations

Property descriptions and related information displayed on this page are marketing materials provided by Ivy Business centre Ltd.

Specification

  • Investment opportunity with huge potential for development
  • Development opportunity stp for X9 Industrial units.
  • Established industrial estate
  • Multi occupancy/use comprising of: Industrial, retail & yard space
  • Good location close to the M60 Junction 22
  • Good links to all major public transport

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers in the region of For Sale Freehold £2,000,000.00 NA

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Ivy Business Centre

Ivy Business Centre Ltd

0161 401 1369



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