Office Investment Opportunity No.3 | Whitworth Court Manor Park | Runcorn | Wa7 1Wa

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Office Investment Opportunity No.3 | Whitworth Court Manor Park | Runcorn | Wa7 1Wa NO.3 WHITWORTH COURT MANOR PARK | RUNCORN | WA7 1WA OFFICE INVESTMENT OPPORTUNITY NO.3 | WHITWORTH COURT MANOR PARK | RUNCORN | WA7 1WA INVESTMENT SUMMARY • An opportunity to acquire a fully let office investment in Manor Park, Runcorn • Two storey office building totalling 1,605 sq. ft. • The building is let to ODU-UK Limited, Rovert Media Limited and Entrust Professional Services Limited • The current net rent passing is £22,800 per annum reflecting an average low rent of £14.20 psf • Ideal SIPP opportunity. • Freehold Offers in excess of £234,000 (Two Hundred and Thirty Four Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 9.50%, assuming purchaser’s costs of 2.52%. 2 NO.3 | WHITWORTH COURT 26 A577 M61 MANOR PARK | RUNCORN | WA7 1WA M58 7 A580 M602 5 A580 23 4 A580 ST HELENS MANCHESTER 24 M57 M6 M62 LIVERPOOL A58 2 10 M60 9 21a WIDNES 1 4 M62 LOCATION 1 7 6 21 A556 3 1 WARRINGTON 10 RIVER BIRKENHEAD A561 MERSEY MANOR FARM RD Manor Park is a flagship business park and popular A562 A56 A49 M56 MERSEY M53 20 6 9 GATEWAY distribution location located midway between A523 10 M6 MANOR PARK Warrington and Runcorn. It comprises 300 acres RUNCORN 11 A34 A533 of mature business park with landscaped 5 12 19 A558 DARESBURY EXPY A540 9 M56 A533 boulevards and low level density of buildings. A56 Major occupiers on the Park include Atos Origin, 10 14 A56 A550 12 NORTHWICH 16 15 WINDMILL HILL Eddie Stobart, Lidl, Medline, Matthew Clark, KNUTSFORD A49 Fresenius Kabi, Business Post and Yokogowa. M6 RUNCORN 12 11 A556 A51 The office building is located on Whitworth Court A553 CHESTER off Manor Farm Road in the popular Manor Park, A41 A55 18 HOLMES M56 between the towns of Warrington and Runcorn. MIDDLEWICH CHAPEL A533 The site fronts the A558 Daresbury Expressway A483 12 and is close to the M56 Motorway Junction 11 CREWE 17 being within approximately 2 miles to the South. 16 A50 3 NO.3 | WHITWORTH COURT MANOR PARK | RUNCORN | WA7 1WA DESCRIPTION Whitworth Court comprises 2 terraces of office accommodation set in a modern courtyard development. Number 3 provides high quality office accommodation over ground and first floor benefitting from: Double Fire & Open plan Perimeter glazing intruder alarms design trunking Manor Farm Heating Recessed CAT Carpeted 9 allocated II lighting throughout parking spaces Manor Farm Road ACCOMMODATION 14 Whitworth Court 13 12 We have been provided with the following areas. The property 11 was measured in accordance with the RICS Code of 1 10 9 Measuring Practice 6th Edition. 8 2 Floor SQ.FT SQ.M 3 Ground 705 65.49 First (B) 570 52.95 4 First (C) 330 30.66 5 Total 1,605 149.10 6 The tenants have right to use 6 car parking spaces on a first come first served basis. ODU-UK Limited and Entrust 7 Daresbury Expressway Professional Services Limited both have a dedicated space at the front of the building. 4 NO.3 | WHITWORTH COURT MANOR PARK | RUNCORN | WA7 1WA TENANCY Rent pa Rent pa Rent Area (inc (less psf Lease Lease Floor Tenant (sq.ft) service service (less Start Expiry Comments charge) charge) service Date Date Ground ODU-UK Limited 705 £12,000 £10,681 £15.15 1/1/19 20/12/23 1st Break option within 18 Rovert Media 570 £8,400 £7,322 £12.85 1/5/18 1/5/21 Suite B months of lease start. 1st Entrust Professional Services Break option within 12 & 330 £5,400 £4,777 £14.47 1/2/18 2/2/21 Suite C Limited 24 months of lease start. Total 1,605 £25,800 £22,800 COVENANT INFORMATION Total Net Worth Company Experian Tenant Line of Business Risk of Business Failure (excludes intangible Number Rating fixed assets) The company is one of the leading international suppliers of connection ODU-UK Limited 03546482 78/100 Below Average Risk £321,000 systems. They employ 2,300 people around the world. Rovert Media are a Liverpool based Rovert Media RovertMedia 07029748 marketing company, focusing on online 75/100 Below Average Risk £681,000 Limited gambling sites. A leading wind, solar and telecoms Entrust Professional 07524196 planning, E environmental and 15/100 Maximum Risk £24,882 Services Limited sustainability company. 5 NO.3 | WHITWORTH COURT MANOR PARK | RUNCORN | WA7 1WA FURTHER INFORMATION For further information or to arrange a viewing, please contact: Steve Carrick T: 0161 806 0455 M: 07711 042 584 E: [email protected] carrickre.com 1ST FLOOR • CANADA HOUSE CHEPSTOW STREET MANCHESTER • M1 5FW TENURE VAT ANTI-MONEY PROPOSAL IMPORTANT NOTICE: These particulars are not an offer or contract, nor part of one. LAUNDERING You should not rely on statements by Carrick Real Estate in the particulars or Freehold. The property has been elected for Offers in excess of £234,000 by word of mouth or in writing (“information”) as being factually accurate REGULATIONS about the property, its condition or its value. Neither Carrick Real Estate VAT. It is anticipated the transaction (Two Hundred and Thirty Four has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the will be treated as a Transfer of Thousand Pounds) subject to part of the agents, seller(s) or lessor(s). Photos etc: The photographs show In accordance with Anti-Money only certain parts of the property as they appeared at the time they were EPC a Going Concern (TOGC). contract and exclusive of VAT. taken. Areas, measurements and distances given are approximate only. Laundering Regulations, two Regulations etc: Any reference to alterations to, or use of, any part of the A purchase at this level reflects property does not mean that any necessary planning, building regulations An Energy Performance Certificate forms of identification and or other consent has been obtained. A buyer or lessee must find out by an attractive Net Initial Yield inspection or in other ways that these matters have been properly dealt (EPC) is available upon request. confirmation of the source of with and that all information is correct. VAT: The VAT position relating to the of 9.50%, assuming purchaser’s property may change without notice. Carrick Real Estate is a limited company funding will be required from the registered in England with registered number 10893418. Our registered office costs of 2.52%. is Canada House, 3 Chepstow Street, Manchester, M1 5FW where you may successful purchaser. look at a list of members’ names. March 2019. carve-design.co.uk 13978. 6.
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