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Unit 2, Olympic Park SONOVA HOUSE WARRINGTON MODERN OFFICE INVESTMENT OPPORTUNITY UNIT 2, OLYMPIC PARK WOOLSTON GRANGE AVENUE BIRCHWOOD WARRINGTON WA2 0YL UNIT 2, OLYMPIC PARK BIRCHWOOD, WARRINGTON INVESTMENT SUMMARY An opportunity to acquire a modern single-let office building situated within one of Warrington’s most established out of town developments Well positioned in a prime location within Birchwood, Warrington’s best performing office market, and benefiting from excellent transport links to the M62, M56, and M6 motorways Fully let to Improva Group Limited with an AGA from Collective Enterprises Limited, with 4.6 years unexpired Modern detached office building extending to 8,196 sq ft (761.43 sq m) NIA over ground and first floor with 27 car parking spaces The passing rent is £126,325, per annum (reflecting only £15.41 per sq ft including cars) The property is held freehold The building is heavily underpinned by vacant possession value with a low capital value of £161 per sq ft We have been instructed to seek offers in excess of £1,324,000 (One Million Three Hundred and Twenty Four Thousand Pounds) subject to contract and exclusive of VAT A purchase at this level represents an attractive net initial yield of 9%, assuming purchasers costs of 6.01% 2 A595 A170 A590 A590 A6068 A590 A1 36 THIRSK A170 A170 A64 A590 A65 A61 A595 A168 A64 A61 A19 A590 49 A165 RIPON 35 MALTON A65 A64 A683 BRIDLINGTON 48 34 SETTLE A614 A61 A6 A65 A64 A166 A19 DRIFFIELD A59 47 A166 A59 A614 33 A59 A59 A65 HARROGATE A682 A59 SKIPTON YORK A165 A6 A59 46 A1237 A1079 A65 A64 A658 A629 WETHERBY A614 A61 ILKLEY A585 A65 A64 A682 M6 A1 A6068 CLITHEROE A56 A1035 A59 KEIGHLEY A1079 A19 A6 14 45 MARKET BEVERLEY A64 13 COLNE A658 A6120 A585 A650 WEIGHTON A165 BLACKPOOL 12 NELSON A61 M65 A629 3 32 A6120 A1079 A583 A671 LEEDS A164 2 11 44/48 A614 4 31A A64 A59 10 A6 9 BURNLEY BRADFORD 46 8 SELBY A63 A63 KINGSTON A5085 38 A583 31 A677 45 A6119 7 A63 A63 A63 UPON HULL 6 A650 44 A164 M6 A629 A6036 43 PRESTON A653 LYTHAM ST. ANNE’S BLACKBURN ACCRINGTON 27 A6 30 A56 A646 37 A582 26 A63 A59 A646 HALIFAX 29/42 29 5 30 CASTLEFORD A19 12/1 A1041 29/1 3 M65 4 A15 32A/41 A653 31 32 36 LEYLAND BRIGHOUSE DEWSBURY M1 GOOLE 28 33 BARTON- UNIT 2, OLYMPIC PARK A629 25 34 RAWTENSTALL WAKEFIELD 35 UPON-HUMBER A666 24 A644 BIRCHWOOD, WARRINGTON A565 8 A6033 A1 23 A629 A628 SOUTHPORT A642 A638 CHORLEY M18 A160 M61 1 HUDDERSFIELD A642 A59 22 A637 M6 M62 A629 A628 A19 6 ROCHDALE A15 A180 BOLTON 21 A638 A1 A180 A58 BURY SCUNTHORPE A1173 A570 5 5 A565 A5209 27 2 1 A58 20 A6 M181 GRIMSBY 3 19 38 6 A676 2 ORMSKIRK A49 M627 (M) A628 LOCATION FORMBY 3 DONCASTER A15 WIGAN 5 A638 18/4 4 4 OLDHAM A629 A58 A630 4 A59 3 4 19 5 26 3 17 BARNSLEY A635 A1173 Warrington is located 16 miles to the west of Manchester 2 20 A46 M58 16 21 and 17 miles to the east of Liverpool, the two major 15/1 22 M1 1 A159 A16 economic centres within the North West region. A570 A629 25 A579 M60 MEXBOROUGH 36 A6182 7 ASHTON-UNDER-LYME A628 Warrington is considered to be one of the UK’s prime A18 24 A616 3 12/1 2 3 A6010 23 commercial locations due to its excellent transport links. A580 A628 A15 22 A635 A6018 A638 3 A580 11 A5081 A57 33 Warrington is located close to the intersection of the LIVERPOOL A565 10 24 M67 M6 MANCHESTER A61 A46 M57 9 M18 M6, M62 and M56 motorways. The M6 provides links to ST HELENS M62 A6010 M1 WALLASEY 8 25 A159 11 7 A6 A16 Birmingham and London in the south, and Preston and 2 A570 A57 GLOSSOP ROTHERHAM 10/21A 26 1 A631 A16 A57 9 6 A34 1 27 A1103 Glasgow in the north. The M62 provides access to both M62 8 A56 5 34 A1(M) A631 BIRKENHEAD 4 5 A631 Manchester and Liverpool, and Trans-Pennine routes 7 21 M60 2 6/1 WARRINGTON 4/1 33 GAINSBOROUGH MARKET RASEN A57 A560 32 34 to Leeds and Sheffield. The M56 allows access to North A562 A57 A630 LOUTH A552 A561 A5300 STOCKPORT A6 SHEFFIELD Wales and the South Manchester conurbation. 3 WIDNES 5 20A M56 8 6 31 A56 7 MABLETHORPE 9/20 A57 Warrington Bank Quay train station is located on the A50 A556 A61 4 A41 RUNCORN MANCHESTER A156 west coast mainline providing frequent services to A6102 A57 A1 A46 10 A6 PRESTATYN 11 M6 London Euston (1 hour 50 minutes) and Glasgow Central M53 LIVERPOOL M1 RETFORD RHYL JOHN LENNON 12 WILMSLOW WORKSOP A16 19 A523 (2 hours 50 minutes). In conjunction with Warrington A533 5 6 ELLESMERE 7 A619 PORT A57 Central station, numerous local rail services are also A548 8 A158 M56 A556 A623 A537 A34 A6 A15 provided. A55 9 A61 30 A55 NORTHWICH A158 MACCLESFIELD A619 10 14 A57 BUXTON A57 Both national and international locations are easily A557 A550 11/15 A537 A49 accessible via Liverpool John LennonA525 Airport (14 miles) CHESTERFIELD A41 A16 A6 29A LINCOLN A619 and Manchester International Airport (18 miles). Both A55 A60 A614 A533 A158 airports are within a 30 minute drive time. The excellent connectivity to the motorway network provides rapid access north to Preston, A1028 12 A54 A536 A1 DENBIGH SHOTTON WINSFORD A34 18 A523 A515 Warrington is the largest single urban area in Cheshire, Carlisle and Scotland, and south to BirminghamA54 and London via the M6. The M62 connects 29 A543 CHESTER A54 with the Borough benefitting from a large population of HAWARDEN A617 with Liverpool in the west andA51 Manchester in the east, together withM6 Leeds and Hull via the A158 MOLD A53 202,200 (2011 Census). A55 A46 Trans-Pennine route. The town is therefore excellently placed to benefit from the Government’s A15 BUCKLEY CONGLETON A61 M1 SKEGNESS A525 17 WOODHALL SPA A494 A6 A16 A530 Northern Powerhouse strategy. MANSFIELD A52 A41 A483 A523 A617 A49 CREWE A534 A38 A34 ENGLAND 28 WALES A534 A534 16 A500 3 NANTWICH WREXHAM A53 A520 A49 A494 A41 STOKE-ON- A51 A483 TRENT A52 A5 A525 A525 A5 15 A53 A34 UNIT 2, OLYMPIC PARK BIRCHWOOD, WARRINGTON D A D AT RO E TO MANCHESTER N FT O AV R EN C A SITUATION U E M62 E L Situated in Birchwood, Olympic Park is part of one of 4 7 5 the largest and most successful business parks in the A FA B R I A Y RC North West. Birchwood is approximately 5 miles north- A D AY H W E WO U D N STRE E east of Warrington town centre and benefits from O V A OD O E W C N E H T A excellent communication links, being within 1 mile of C N IR D B R O P Junction 11 of the M62 and within 2 miles of Junction A LIVERPOOL R TO K E A 21 of the M6. Birchwood train station, which provides U VE EN M V E A I C L JUNCTION 21A L AN regular services between Liverpool and Manchester, is L D A ORDN A N O E R located in close proximity. D OA R ARK P S LD L IE 4 A ENF 7 A IR 5 D DM A M A D I A R Y O A R A Birchwood is recognised as the T L W S S R D D OA C U R O R A H B L O A W principal out of town office location NE W H BIRCHWOOD C R DE SHOPPING CENTRE AD BI K RO PAR in the Warrington area, providing IELD ENF D ROA approximately 2,000,000 sq ft of low ST UR H W E D OOD BL O BIRCHW E LY density accommodation. A AN M C L P AD IC KB HE W RN A RO FEA Y O K BIRCHWOOD AV The Birchwood Shopping Centre is a short distance 4 WOO EN 7 OLYMPIC PARK A5 L ST U Y ON E WA GR from the building where retail outlets include Greggs, OD ANGE D HWO OA R Subway, Superdrug, Asda and Aldi. There is a dedicated BIRC N E AV K I E N N bus service to Birchwood Station and Shopping Centre, TO WARRINGTON UE HILD G TOWN CENTRE S L A and three hotels within a short drive. Y N D WA G M6 OOD R W PADGATE A N Olympic Park is accessed off Longbarn Boulevard RCH G W BI E O OL ST and Olympic Way via Woolston Grange Avenue and ON G R A N Birchwood Way (A574). GE G MANCHESTER TO R AV E AIRPORT EN LANE EN U E 7 H A5 O L AD E S RO L TER A ES N H E MANC ER ROAD MANCHESTER ROAD CHEST AN M CHESTER R AN OAD M 4 UNIT 2, OLYMPIC PARK BIRCHWOOD, WARRINGTON DESCRIPTION The property comprises a detached modern two storey office building of steel framed construction with brick and glazed elevations. Internally the accommodation is finished to a high specification including: Full access raised floor and suspended ceiling with integrated lighting Comfort cooling Double glazed aluminium framed windows Open plan and cellular accommodation Ladies, gents and disabled WC facilities on both floors 1 x 8 person (630 kg) passenger lift Kitchen and staff room Very few columns offering clear and uninterrupted floor plates Set in an attractive setting with landscaping and car parking for 27 cars, providing an excellent ratio of 1 : 304 sq ft (NIA) 5 UNIT 2, OLYMPIC PARK BIRCHWOOD, WARRINGTON 6 UNIT 2, OLYMPIC PARK BIRCHWOOD, WARRINGTON ACCOMMODATION The property has been measured in accordance with the RICS Code of Measuring Practice (6th Edition) and the International Property Measurement Standards as per the table below: Net Internal Area Floor Area (sq m) Area (sq ft) Ground 380.16 4,092 First 381.27 4,104 Total 761.43 8,196 IPMS Floor Area (sq m) Area (sq ft) Ground 394.27 4,244 First 395.42 4,256 Total 789.69 8,500 There are 27 car parking spaces providing an excellent parking ratio of 1 : 304 sq ft (NIA).
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