MULTI-UNIT INDUSTRIAL INVESTMENT UNITS 1–6, STATION APPROACH ATHERTON, M46 9LJ MULTI-UNITINVESTMENT INDUSTRIAL INVESTMENT SUMMARY UNITS 1–6, STATION APPROACH, ATHERTON, MANCHESTER M46 9LJ 2

•• Single let multi-unit industrial estate constructed in 2000 •• AWULT to expiry of 4.8 years •• Well located immediately adjacent to Atherton train station and with •• Site extending 1.42 acres (0.57 ha) with a site cover of 37% Junctions 4 and 5 of the just 1 mile to the north providing •• Freehold access to the wider Manchester region •• Our client is seeking offers in excess of £1,400,000 (subject to contract) •• Comprising of 21,771 sq ft across 6 units •• A purchase at this level reflects a Net Initial Yield of 8.69% •• Each unit let on individual leases to SG Window Systems Limited •• Capital value of just £64 psf •• Total passing rent of £129,000 per annum MULTI-UNIT INDUSTRIAL INVESTMENT UNITS 1–6, STATION APPROACH, ATHERTON, MANCHESTER M46 9LJ 3 ATHERTON CAR COMPANY KEYLINE CIVILS STATION CAR ATHERTON TRAIN STATION

UNITS 1–6 STATION APPROACH

á TO LEIGH

A579

TO è A671 11 A59 A666 A680 M6 10 9 8 A59 A677 31 7 Black burn 6

A6 A56 A682 A646 A646 30 29A 5 1A 9/2 4 29/1 3 M65

MULTI-UNIT INDUSTRIAL INVESTMENT UNITS 1–6,2 STATION8 APPROACH, ATHERTON, MANCHESTER M46 9LJ 4

ATHERTON 8 Atherton is approximately 3 miles north of Leigh, A666 5 miles south of Bolton Town Centre and 14 miles north west of Manchester City Centre. The town is A6033 well served by the A579 Bolton Road which directly 1 22 A6 links to Junctions 4 and 5 of the M61 Motorway to the M66 north and the A580 to the south. M61 A56 Historically part of , it now forms part of 21 A673 A640 Borough although is roughly equidistant to A58 2 A58 the principal towns of Bolton and Leigh and within 20 the wider catchment of . The A58 3 19 town has a population of approximately 20,500 A49 6 Bolton persons and transport links are further enhanced by M61 A664 the local railway station, which is one of the busiest 5 stations on the Wigan to Manchester and Manchester 4/ Wigan 4 18 A62 to Southport line. 19 20 6/26 STATION APPROACH, ATHERTON 3 2 M60 1/ 21 Atherton 15 22 M6 A56 A579 14 25 A62 A58 13

1/ 24 A580 12 Manchester 23 M62 11 23 10 M6 9 A56 1 2 M67 24 3

22 8 M60 11 7 A560 A34 10/21A 6 25 9 A57 M62 26 A56 5 27 1 4 1/ Warrington 21 3 2 3 2 M6 4 A50 A56 5 7 Widness 7 6 A6 A56 20 M56 A556 10 A34 M6 A523 11 A50 Wilmslow M61

Dicconson Lane A6

Bolton Rd

M61 A58

Church St

5 A6

MULTI-UNIT INDUSTRIAL INVESTMENTLn Moor Chew UNITS 1–6, STATION APPROACH, ATHERTON, MANCHESTER M46 9LJ 5 Long Lane

A58 St Helens Rd

Bolton Rd M61 SITUATION A6 Plodder Lane Westhoughton The estate is accessed A58

A58 M61 off Station Road and is 4 immediately adjacent to A6 Atherton railway station. Dobb Brow Logistics North The wider surrounds

Daisy Hill comprise a mixture of residential and Wearish Ln Wearish industrial uses, with the

Lower Leigh Rd Atherton Keyline facility Hag Fold UNITS 1–6 immediately adjoining STATION APPROACH Newbrook Rd Newbrook the site to the south. Hindley Rd Other businesses in the Atherton nearby vicinity include Atherton Car Company,

Atherton Rd B5235 Bolton Rd Swift Lawyers, Atherton A577 A577 Veterinary Centre and Hindley Green Atherton Smallbrook Lane ASDA. Rd A579 B5215 MULTI-UNIT INDUSTRIAL INVESTMENT UNITS 1–6, STATION APPROACH, ATHERTON, MANCHESTER M46 9LJ 6

DESCRIPTION

The estate comprises 21,771 sq ft across 6 units, serviced by a roller shutter door and Units 2 and of which Unit 1 is a single storey office building 5 include a mezzanine area utilised as ancillary to the front of the site. office space.

The remaining industrial units are of steel portal A service road runs throughout the length of frame with part brick/part steel elevations the estate to a yard area at the north-western beneath a pitched steel clad roof of which edge. The perimeter is secured throughout via c.10% is translucent roof panelling. Each unit is palisade fencing. MULTI-UNIT INDUSTRIAL INVESTMENT UNITS 1–6, STATION APPROACH, ATHERTON, MANCHESTER M46 9LJ 7

TENANCY EPC

The estate is let in it’s entirety to SG Window Systems Limited and produces a total rent of £129,000 per annum in accordance The property has an EPC rating of C(71). The full with the following tenancy schedule: certificate can be provided upon request.

Type Unit Tenants Sq Ft Lease Start Term Expiry Rent Rent psf Comments A 0-25 Offices 1 SG Window 2,106 24/06/2017 5 23/06/2022 £16,000 £7.60 Systems Limited B 26-50

Industrial 2 SG Window 6,718 15/02/2017 5 14/02/2022 £35,000 £5.21 Further area of 1,819 sq This is how energy efficient the building is Systems Limited ft by way of mezzanine C 51-75 71 currently used as offices. D 76-100 Industrial 3 SG Window 2,694 25/03/2017 5 24/03/2022 £14,000 £5.20 Systems Limited E 101-125 Industrial 4 SG Window 2,649 25/03/2017 5 24/03/2022 £14,000 £5.29 Systems Limited F 126-150 Industrial 5 SG Window 5,350 29/09/2017 6 28/09/2023 £32,000 £5.98 Further area of 915 sq ft Systems Limited by way of mezzanine G over 150 currently used as offices.

Industrial 6 & Yard SG Window 2,254 29/09/2016 6 28/09/2022 £18,000 £7.99 Systems Limited

TOTAL 21,771 £129,000

The tenancy provides an AWULT to expiry of 4.8 years. MULTI-UNIT INDUSTRIAL INVESTMENT UNITS 1–6, STATION APPROACH, ATHERTON, MANCHESTER M46 9LJ 8

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 $0 +  ; +( The property is held Freehold under title number GM519009 on a site of 1.42 acres



(0.57 ha) resulting in a site cover of just 37%.



 

 ESTATE CHARGE

The estate is run on an ad-hoc service charge basis with the latest works including

  a new septic tank and landscaping upkeep twice a year.

Further details available upon request.

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  &DU3DUN D COVENANT STATUS



  SG Windows Limited (Reg. 05148811) have gradually expanded their operations %XLOGHUV

As they are a small company they produce Abbreviated Accounts, which can be made available upon request.     The tenant has demonstrated a strong attachment to the property and recently P P P P (O6XE6WD recently upgraded the alarm systems and CCTV throughout the estate. They P 2UGQDQFH6XUYH\ ‹&URZQ&RS\ULJKW$OOULJKWVUHVHUYHG/LFHQFHQXPEHU3ORWWHG6FDOH have also invested into some state of the art machinery to help grow the business further and service new business lines. The recent letting of Unit 1 is a move to ensure wider control of the site to help the smooth running of their operations.

Y/E 30th June 2016 Y/E 30th June 2015

Turnover £4,688,349 £3,617,910

Pre-tax profits £480,364 £226,452

Shareholders’ Funds £77,080 £2,798

VAT

VAT will be payable on the purchase price. It is anticipated that the sale will be dealt with as a transfer of a going concern. MULTI-UNIT INDUSTRIAL INVESTMENT UNITS 1–6, STATION APPROACH, ATHERTON, MANCHESTER M46 9LJ 9

PROPOSAL

Our client is seeking offers in excess of£1,400,000 (One Million Four Hundred Thousand Pounds) for their Freehold interest, subject to contract and exclusive of VAT.

A purchase at this level reflects aNet Initial Yield of 8.69% after deducting purchase costs and a capital value of £64 per sq ft.

For further information or to arrange an inspection, please contact: Christopher Dee LLP James Kinsler Mark Powell 40 Peter Street Tel: 07825 870209 Tel: 07825 077724 Manchester Email: [email protected] Email: [email protected] M2 5GP

MISREP: The accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained here in is not guaranteed and is for general guidance only and prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy. Christopher Dee LLP nor any of its employees or representatives has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property. Rents quoted in these particulars may be subject to VAT in addition. The reference to any mechanical or electrical equipment or other facilities at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable or fulfilling its intended function. Prospective tenants/ purchasers should satisfy themselves as to the fitness of such equipment for their requirements. Design by Ask Design Ltd. 0161 976 1836. November 2017.