MULTI-LET OFFICE & INDUSTRIAL INVESTMENT ATLANTIC STREET, , WA14 5DA ATLANTIC STREET, ALTRINCHAM, CHESHIRE WA14 5DA

SUMMARY

• Excellent strategic location, fronting onto Atlantic Street, the principle • Low passing rent of £169,961 per annum, reflecting £5.60 psf on the trade / commercial location within the affluent suburb of Altrincham, industrial accommodation and £9.07 on the offices. Greater . • Freehold • Comprehensively refurbished multi-let estate, providing a mixture of trade, • We are instructed to seek offers in excess of £2,000,000 (Two Million Pounds), industrial and office accommodation. subject to contract and exclusive of VAT. • Providing 26,958 sq ft across 4 trade / industrial units (21,535 sq ft) and 6 • This reflects an attractive NIY of 8.00% and low capital value of £74.19 psf, office suites (5,349 sq ft). assuming purchaser’s costs of 6.27%. • Well let to 8 tenants on 8 leases with just one office suite vacant (74 sq ft). ATLANTIC STREET, ALTRINCHAM, CHESHIRE WA14 5DA

M56 Junction 7 Manchester A56 A56 City Centre

Altrincham Town Centre

George Richards Way

Atlantic Street ATLANTIC STREET, ALTRINCHAM, CHESHIRE WA14 5DA

LOCATION

Altrincham is an affluent town and one of the principle commercial centres within . The town is strategically located approximately 8 miles south west of and 11 miles east of . The town has a resident population of approximately 40,000 and a catchment of 411,000 people living within 6.2 miles and 1.8m people within a 12 mile radius of the town. GLASGOW

Altrincham and the adjacent residential areas of , and EDINBURGH Bowden are some of Manchester’s most affluent suburbs with wealthy executives accounting for 14.73% of the present population compared to a national average of only 8.6%. NEWCASTLE CARLISLE The town benefits from excellent communications, being located 3 miles south of Junction 7 of the M60 orbital and 3 miles east of Junction 3 of the M56, which links directly with the M6. Furthermore the A56 provides direct YORKY access to Manchester City Centre to the north and the LEEDS to the south. MANCHESTERC R HULL LIVERPOOL SHEFFIELD Altrincham also benefits from the Metrolink which provides a frequent service STOKE NOTTINGHAM to Manchester City Centre (30 minutes). is located just 5 miles to the east of the town and is the UK’s third largest airport and saw TELFORD LEICESTER record passenger numbers of 27.8 million in 2017 and handled over 123,000 BIRMINGHAM CAMBRIDGE tonnes of freight and mail. FELISTOWE OFORD CARDIFF LONDON GATEWAY SWINDON TILBURY BRISTOL

SOUTHAMPTON DOVER EETER ATLANTIC STREET, ALTRINCHAM, CHESHIRE WA14 5DA

27 2 BOLT ON 20 3 Ormsir 6 A58 19 5 M61 M58 3 19 5 26 3 17 20 16 1 21 Walden 15 22 1 1 Wardley A627 25 7 12 2 1 2 3 A6010 23 A628 6 Eccles Port of M57 A580 11 23 10 M67 Liverpool Bootle ST HELENS M62 MANCHESTER 2 3

3 L A N A6 102 22 11 A C 25 Wallasey 10 I P 6 A3 A5058 M62 21A H 26 S 1 9 27 R A56 5 E Moreton 5 T 6 7 S 1 H E 2 2 21 N C 3 2 1 3 M A Birenhead ALTRINCHAM A5300 A557 M60 3 LIVERPOOL 5 A562 Widnes M56 20 8 A6 A1 A56 7 6 Spee 9 Manchester 10 Airport Liverpool A533 John Lennon 11 M53 Airport A523 A50 A557 A3 12 19 5 6 7 M6 8 Ellesmere Port A533 A537 A55 9 M56 A556 10 1 A537 St. Asaph A58 A9 11 A537 15 Macclesfield A51 A1 A5117 A556 A5 A3 12 A533

Denbigh 18 A9 A51 A5 A9 Middlewich A513 A523 A53 CONGLETON A55 17 A9 Ruthin A50 A1 A51 A3 A530 A53 A83 M6 A51 CREWE A527

A53 A53 A53 A9 16 WREHAM Nantwich A500 A500 A1 A9 A520 A525 A51 A3 Stoe onTrent Corwen Llangollen A528 A525 A525

Whitchurch 15 A50 A51 A3 ATLANTIC STREET, ALTRINCHAM, CHESHIRE WA14 5DA

Sunderland Rd M60 j7 A56 M60 j7 A A West Princess Dairyhouse Ln j6 A ross St Craven Rd j5

Snerlan Ln Canal A Marslan

Wythenshae Barrington Rd Princess A56 Moss Ln Paray Navigation Atlantic St Atlantic St Road A Oldfield Rd School Ln j3a

Seamons Rd A560 Olfiel horley Ln Gorsey Ln j5 A Woohose Ln A538 Highgate Rd ale Altrincham Altrincham Airport Spr Centre Longharn j7 Durham Rd Etra M56 j6 Manchester Airport Ashley Rd A A56 j8

1 mile to Navigation Road Population of 335,590 10 minute drive to Train Station and1.5 miles Within 5 mile radius of Altrincham M56 and M60 motorways to Altrincham Train Station (Manchester Piccadilly in less than 30 minutes providing Rail 30 minute drive to 20 minute drive to and Tram services) Manchester City Centre Manchester Airport ATLANTIC STREET, ALTRINCHAM, CHESHIRE WA14 5DA

SITUATION

The subject property is situated on Atlantic Street, which is Altrincham’s principle commercial location, situated to the north west of the town centre. Atlantic Street benefits from excellent road communications adjoining the A56, one of the main arterial routes linking Altrincham with Manchester City Centre to the north and the M56 motorway to the south.

Atlantic Street is a highly successful and sought after commercial location offering a mix of office, industrial and retail uses. Nearby occupiers include Screwfix, Asda, Gefco, HSS, Cotton Traders and The Cartwright Group amongst many others. Furthermore Altrincham Retail is located at the junction of Atlantic Street and the A56, which comprises a 218,051 sq ft retail scheme with occupiers including Boots, Homebase, Currys PC World, McDonalds, Asda Living and TK Maxx.

TRANSPORT INFRASTRUCTURE ROAD NETWORK MAJOR NEIGHBOURING CITIES / TOWNS

Manchester Airport 5 miles A56 1 mile East Altrincham 1 mile South East Navigation Road 1 mile A560 2 miles East Manchester 8 miles North East Train + Metro Station M56 3 miles South Warrington 12 miles West (Northern Service + Metro) M60 4 miles North East Liverpool 30 miles West Altrincham Train + Metro Station 1.5 miles M6 8 miles West (Northern Service + Metro) Timperley Metrolink 2 miles ATLANTIC STREET, ALTRINCHAM, CHESHIRE WA14 5DA

DESCRIPTION

Atlas Point comprises a comprehensively refurbished multi-let estate, providing 4 industrial/ trade units and 6 office/showroom suites. The property sits on a secure site with excellent prominence, fronting onto Atlantic Street, Castleton Street and Davenport Lane.

The trade / industrial units provide refurbished accommodation of portal frame and steel trussed construction beneath a pitched roof, providing an eaves height of circa 3.2m. Electric operated level access roller shutter doors, leading to a secure re-surfaced service yard which is fully fenced and gated. Unit 1 benefits from an additional dedicated service yard, fronting on to Davenport Lane which is fully fenced and gated.

The offices provide self-contained suites of varying sizes which have recently been renovated and modernised. The accommodation is spread across two storeys, with communal access directly from Atlantic Street. ATLANTIC STREET, ALTRINCHAM, CHESHIRE WA14 5DA

ACCOMMODATION

• The property provides 26,958 sq ft (2,504.48 sq m) of accommodation.

• The trade / industrial accommodation provides 21,535 sq ft with unit sizes ranging from 3,997 sq ft to 8,299 sq ft.

• The office accommodation provides 5,349 sq ft with office suites ranging from 74 sq ft through to 2,308 sq ft.

• The property has a site area of 1.00 acres (0.40 ha).

• A full break down of the floor areas is provided within the Tenancy Schedule.

COVENANT

The property is let to a range of covenants and further information can be provided upon request. ATLANTIC STREET, ALTRINCHAM, CHESHIRE WA14 5DA

SITE PLAN A ar Par an Service LA S ar 1 UNIT

UNIT 2

Access A EE UNIT 3 UNIT 1 OE OES

OE OE

Car Par and Service Yard 2 Access Access

ASLEO SEE ATLANTIC STREET, ALTRINCHAM, CHESHIRE WA14 5DA

TENANCY SCHEDULE

The property is let to 8 different tenants as per the attached tenancy schedule.

START END BREAK RENT RENT RENT UNIT TENANT SQ FT COMMENT DATE DATE DATE REVIEW (PA) (PSF)

Bio Laboratories Ltd & Fixed maintenance charge at £1,103.75 pa. Unit 1 4,344 29/01/16 28/01/21 n/a n/a £25,386 £5.84 Lorraine Rowland Design Ltd IRI terms subject to schedule of condition 25% of revised rent payable from 25/11/2021 Unit 2 Toolstation Ltd 4,895 24/11/16 24/11/26 25/11/21 25/11/21 £29,658 £6.06 until 24/11/2022. IRI terms subject to schedule of condition.

Unit 3 Bayfield Bespoke Ltd 3,997 01/09/17 31/08/22 n/a n/a £17,000 £4.25 Service charge cap of £500 pa. FRI terms.

Fixed management charge at £0.25 psf. Unit 4 Rose & Grey Ltd 8,299 01/05/16 30/04/26 01/05/21 01/05/21 £48,730 £5.87 IRI terms subject to schedule of condition. Under offer to Global Football Company Ltd Under Suite A Global Football Company Ltd 2,001 5 years 1 year n/a £24,012 £12.00 on a 5 year lease (12m break) at £24,012 pa Offer (£12.00 psf). FRI Terms. Insurance rent capped at £0.15 psf. Service Suite B Seamless Technologies Ltd 619 01/02/18 31/01/23 n/a 31/01/21 £6,390 £10.32 charge capped at £500 pa. IRI terms.

Suites Omega LED Ltd 2,308 01/08/16 31/07/26 31/07/21 31/07/21 £15,345 £6.65 FRI terms subject to a schedule of condition. C&D

Service charge cap of £150 pa. FRI terms Suite E Omega Glasses Factory Outlet Ltd 421 01/08/16 31/07/26 31/07/21 31/07/21 £3,440 £8.17 subject to schedule of condition.

Suite F Vacant 74

Total 26,958 £169,961 ATLANTIC STREET, ALTRINCHAM, CHESHIRE WA14 5DA

TENURE EPC

We understand the property is held Freehold. Energy Performance Certificates are available upon request.

ASSET MANAGEMENT VAT

We consider the are a number of asset management opportunities, which include: The property is elected for VAT and it is the intention to treat this transaction as • Improve the AWULT through pro-active lease re-gears and renewals a Transfer of a Going Concern.

• Look to improve the rental tone across the estate

• Secure a letting of Office Suite F

• Long term redevelopment (subject to planning) ATLANTIC STREET, ALTRINCHAM, CHESHIRE WA14 5DA

PROPOSAL

We are instructed to seek offers in excess of £2,000,000 (Two Million Pounds), subject to contract and exclusive of VAT.

A purchase at this level would reflect an attractive net initial yield of 8.00% and low capital value of £74.19 psf, assuming a standard purchasers costs of 6.27%.

FURTHER INFORMATION For further information or to arrange an inspection please contact:

John Burrows Simon Wood B8RE B8RE 01925 320520 01925 320520 [email protected] [email protected]

MISREPRESENTATION ACT: B8 Real Estate give notice to anyone who may read these particulars as follows: 1. These particulars are prepared for the guidance only of prospective purchasers. They are intended to give a fair overall description of the property but are not intended to constitute part of an offer or contract. 2. Any information contained herein (whether in the text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact. 3. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise nor that any services or facilities are in good working order. 4. The photographs appearing in this brochure show only certain parts and aspects of the property at the time when the photographs were taken. Certain aspects may have changed since the photographs were taken and it should not be assumed that the property remains precisely as displayed in the photographs. Furthermore no assumptions should be made in respect of parts of the property which are not shown in the photographs. 5. Any areas, measurements or distances referred to herein are approximate only. 6. Where there is reference in these particulars to the fact that alterations have been carried out or that a particular use is made of any part of the property this is not intended to be a statement that any necessary planning, building regulations or other consents have been obtained and these matters must be verified by any intending purchaser. 7. Descriptions of a property are inevitably subjective and the descriptions contained herein are used in good faith as an opinion and not by way of statement of fact. Photography taken April 2018, published November 2018.

DESIGNED BY 0161 387 7252