27.5M Capital Allowance Claims in 2012/13 Are You Missing Out?
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£27.5m Capital Allowance Claims in 2012/13 Are you missing out? commercial & industrial Property Guide SPRING/SUMMER 2013 unlocking commercial property in the north west Properties of the Month Manchester 34 Chorley Road, Swinton M27 5AF FOR SALE / TO LET Offers in the region of £495,000 / £49,500 pax • 4,376 sq. ft. (406.57 sq. m.) • Site Area: Approx 0.30 acres • Highly prominent busy main road position • Ideal for retail/trade counter use (sub to planning) Manchester Garland Works, Bennett Street, Gorton M12 5AP FOR SALE / TO LET Offers in the region of £475,000 / £45,000 pa exc • Warehouse 1 - 10,888 sq. ft. • Warehouse 2 - 5,261 sq. ft. • Office Building - 1,323 sq. ft. • Good sized concrete yard • CCTV security stopp r ess Spring/Summer 2013 indust r ial • r etail/o f f ices • land • d ev elopment • i n v estment • leisu r e • g ene r al in f ormation Investor Appetite for Multi-Let Investment Roger Hannah & Company’s investment department successfully completed on the sale of New Mill, Park Road, Dukinfield in February 2013 following protracted negotiations for around £500,000. Head of Investment, Dan Newton MRICS commented that ‘despite poor economic conditions prevalent in the market place, it proves that there is investor demand for this type of product if priced competitively.’ The property comprises a 5 storey multi-let traditional mill premises situated in Dukinfield having been split into a series of self-contained smaller units and producing a gross rental income in excess of £100,000 pa. Mill investments, whilst management intensive can provide competitive returns to landlords if managed correctly. Roger Hannah & Company’s property management arm, RH Property Management has extensive experience of managing mill properties and can assist with any of your property management needs. £27.5 Million Capital Allowance Claims! Roger Hannah & Company, in conjunction with BDO LLP have successfully claimed tax savings on £27.5 million worth of commercial property in the last 12 months. Since forming the partnership with BDO LLP, Roger Hannah & Company have made many claims with the number of capital allowance instructions rising year on year. At £27.5m, 2012-13 represents our most successful year to date. Dan Newton, Head of the Capital Allowances team, confirmed that ‘the department has provided capital allowances advice on over £27.5m worth of properties last year ranging from schools to office blocks, pubs to industrial estates, all of which have resulted in significant tax savings having been achieved for the owners. With a number of new instructions already for 2013-14, it looks set to be another promising year for the capital allowances department.’ change from April 2014. It is therefore imperative that owners/ Capital allowances are becoming increasingly important in the purchasers seek specialist advice to avoid missing out. Contact transaction of commercial properties with the legislation set to Dan Newton MRICS on 0161 817 3392 for more information. Offices at: 24-26 Greek Street Century Buildings, 14 St Mary’s Parsonage Stockport SK3 8AB Manchester M3 2DF Telephone: 0161 817 3399 Development/Land Baxenden • Baxendale Service Station, (Nr Accrington) FOR SALE The premises comprise 2 no. former petrol filling stations situated either side of Manchester Road as follows: Baxenden Service Station West £200,000 Former petrol filling station which is now vacant, briefly comprising canopied forecourt with hardstanding and showroom, kiosk, workshop. The site area extends to approximately 0.59 acres. A small advertising hoarding is situated to the front of the site which we are verbally informed produces approximately £35 per quarter. We are also verbally informed that the underground tanks have been filled. Baxenden Service Station East – Car wash £250,000 Former petrol filling station now utilised as hand car wash with workshop, tyre fitting bay and kiosk. The site area extends to approximately 1.01 acres and is currently occupied by way of a lease. Currently occupied by way of a 15 year lease which commenced 10th December 2008 at a rental of £35,000 per annum, exclusive. Stockport Andrew Street (Compstall Mill) FOR SALE On Application A residential development opportunity (subject to planning consent). 1.56 acre site (0.63 hectares). Set within an attractive semi-rural riverside location. The site is considered ripe for residential development. Leisure Audenshaw Audenshaw Community Centre FOR SALE Offers in the Region of £225,000 Single storey detached former community centre, split into a main hall with a separate office/reception area, a number of WC’s and kitchen area. The property sits on a good sized plot comprising mainly tarmac car parking but with some grassed land. 2,132 sq. ft. (198.11 sq. m.). Hyde Hamnett Street/Clarendon Street TO LET Reduced to £30,000 pax FOR SALE On Application Ground Floor - 4,059 sq. ft. (377 sq. m.) First Floor/Gallery - 2,573 sq. ft. (239 sq. m.) Bingo Hall Premises briefly comprising ground floor open plan seating area with first floor galleried seating areas. To the rear of the premises is a small car parking area considered suitable for approximately 5 vehicles. The premises are considered suitable for a variety of uses subject to the relevant consent being obtained. Oldham 2 Yates Street (corner of Shaw Road) FOR SALE £245,000 6,357 sq. ft. (590 sq. m.). Predominately single but part two storey purpose built detached members social club constructed of brick elevations beneath a pitched roof covered with profile metal cladding. Internally the property is fitted out as a members social club to the ground floor together with first floor two bed S.S.T.C. living accommodation. Externally there is surfaced car parking to three sides, which can accommodate upto 50 cars. 4 • www.roger-hannah.co.uk • 0161 817 3399 • www.roger- Investment Chorlton 53-55 Manchester Road FOR SALE £399,950 TO LET Accommodation is available To Let at £15,000 pax Contact Dan Newton for further details 0161 817 3392 The property comprises x2 three storey mid terraced buildings with basement storage providing x2 self-contained and fully let retail units on the ground floor with vacant self-contained office accommodation to the 1st and 2nd floors. To the front of the property there is an area of hard standing for external display with an enclosed yard to the rear. SOLD 53 & 55 Manchester Road offer open plan retail units with 53 also comprising basement ancillary accommodation. The 1st and 2nd floor offices are accessed via the rear of the property and comprise 8 separate office rooms with x2 shower rooms/Wcs. The offices are available To Let but due to the location in a popular residential area, they would also suit conversion to residential accommodation subject to planning permission. Likely 2 bedroom flat rentals: circa £600 - £700 pcm. Mossley Premier House, Manchester Road FOR SALE Reduced to £275,000 Net initial yield 11.70% A fully let and income producing business centre investment let to three tenants on an ‘all inclusive’ basis at a total gross annual income of circa £55,045 pa. A showroom premises which has been subdivided to form a business centre with cellular office accommodation to the first floor and with more open plan office and storage at lower ground floor level to the rear. The premises are of traditional construction of brickwork elevations beneath a profile sheet covered roof. The property benefits from off street parking to the frontage for approximately 8no vehicles with loading access to the lower ground floor areas provided at the rear. Stockport Acorn Business Park, Sutton House, Heaton Lane FOR SALE £330,000 Sutton House, Acorn Business Park comprises a modern two storey detached office building of brick elevations beneath a pitched concrete tiled roof. The property benefits from tiled reception area, suspended ceilings with recessed lighting, gas fired central heating, air conditioning, double glazing throughout, male, female and Disabled WC facilities, kitchen facilities and 12 car parking spaces. The investment is available at £330,000 (Three Hundred & Thirty Thousand Pounds) subject to contract and exclusive of VAT; this reflects a net initial yield of 9.54% after purchasers costs of 4.75%. Dukinfield New Mill Park Road FOR SALE £700,000 Net initial yield 14.40% The property comprises a 5 storey detached Victorian cotton mill with a modern warehouse to one side, together with the former gatehouse unit. The lower and ground floors have been sub divided with blockwork walls to provide a range of self contained units. A stairway and lift provide access to the upper floors. The property as a whole comprises approximately 30 individual units. SOLD Approximately 22 of the 30 units are currently let. A service charge apportioned by floor area is also payable by all tenants. We understand that the property has the following approximate gross internal floor area: 9,817.54 sq. m. (105,675 sq. ft.) The properties current annual income is in the region of £106,587 per annum with an estimated rental value if fully let of £156,521 per annum. A detailed tenancy schedule is available from the agents upon request. Altrincham Timperley, Caidan House FOR SALE Reduced to £495,000 The Business Centre was established in the mid 80’s and offers serviced office accommodation with all inclusive rents, free use of conference room, fully manned reception and switch board, mail box addresses and virtual office services. The property is currently producing a net income of £62,430 pa ERV (when let) £68,675 pa. The Centre was refurbished during 2008 and 2009 to include new lighting, ceilings, WC and kitchen facilities, decoration, DDA ramped access, electrical upgrade and new reception furniture.