For Sale Investment Opportunity Multi-Let Industrial / Warehouse Estate / Long Term Residential Development Opportunity • Industrial investment opportunity • Multi let industrial estate 2 miles from Junction 23 and 24 of the M60 motorway and 2 miles from Manchester City Centre M18 8QU Enterprise Trading Estate Lees Street, Gorton, Manchester, M18 8QU Enterprise Trading Estate, Lees Street Gorton, Manchester, M18 8QU Summary Investment Summary • Industrial warehouse investment opportunity • Multi let industrial estate 2 miles from Junction 23 and 24 of the M60 motorway and 2 miles from Manchester City Centre • Total Rent: £84,085 per annum • Attractive net initial yield of 7.95% • Capital value of £26.64 psf • Offers for the estate to be in excess of £1million (One Million Pounds) exclusive of VAT, net of costs Telephone 0161 236 9999 www.daviesharrison.com Enterprise Trading Estate, Lees Street CITY OF MANCHESTER Gorton, Manchester, M18 8QU A 6 STADIUM 6 5 G R E ANCOATS A T CENTRAL RETAIL A PARK N Location C O A T S S Manchester T R E City Centre E T PICCADILLY L O N Location D FAIR O FIEL D ST N RE ET R A D A 6 3 5 A S H T O L N O M60 L D R O A D L W A Y A 6 3 5 N G A I A The investment is situated on Lees Street opposite Gorton Railway Station and is Ardwick N O CORNWALL / CHAPMAN STREET U RTO N CONSTABLE STREET ASHBURYS NEW SMITHFIELD C A N A ARDWICK N MARKET accessed from Ashton Old Road (A635) which is one of the main arterial roadsR east T M DW R IC M O A U K S A G T D R T T R H E R E E from Manchester City Centre. E N E W T I A S N 3 T GORTON 4 S TR E E T T G U N E PPE EN B T A S 57 R West G L E E S S T H W Y O R D R E The premises are approximately 2 miles from Junction 23 and 24 of theBRO M60 E R T O N A N E L M O A Gorton A N A O D E X L Y Y K A RO S H motorway which provides access to the national motorway network. The estate is F TR E Y E B E B T A also approximately 2 miles from Manchester City Centre. STOCKPORT ROAD A 6 0 1 0 A 5 7 H Gorton Railway station serves local rail routes and provides direct access in to Y D E R O P L BELLE A D Manchester Piccadilly Train Station which in turn connects to the national rail routes Y M O VUE U M55 BlackpoolT H on the West Coast Mainline. G M6 M65 Leeds R Gorton O V E M1 Burnley Bradford A1(M) Preston A 5 The Estate is situated in close proximity to the recent Lime Square Retail Park Blackburn7 M A 26 27 43 N CA56 development on Ashton Old Road with a wide range of retail and leisure occupiers HE M62 Manchester | M18 ST8QU 32A M62 A59 E R R M62 including, Morrison’s, B&M Bargains, Poundland, Wynsors, The Gym Group and O A666 A D 35 McDonalds as well as other retailers such as Lidl and Aldi also in close proximity. M62 Wakefield Southport M6 M61 M66 Rochdale Bolton A1 M18 M181 A565 M1 5 M58 Barnsley 36 Oldham A628 37 3 A635 Doncaster M180 Leigh M60 23 35 A633 M57 & 24 M67 A628 A616 35/2 Liverpool St. Helens M62 Manchester M60 A560 Rotherham A1(M) Stockport 32 M56 Sheffield 34 A623 M53 Manchester M56 M6 Airport A1 M1 Northwich A619 30 Chester A523 Telephone 0161 236 9999 A53 Mansfield www.daviesharrison.com A41 A1 Stoke-on-Trent A52 15 A52 Nottingham Derby M6 25 M1 Stafford 23A A49 Shrewsbury 7 M54 M6 Toll 11 M42 Leicester 21/3 Wolverhampton M6 10/9 M69 A49 M5 M6 74/4 3 M6 Birmingham 2 M1 Coventry 19 A14 Kidderminster M42 A456 3A M45 M5 17 Enterprise Trading Estate, Lees Street Gorton, Manchester, M18 8QU Description Description The investment comprises fully secure self-contained estate that includes 14 interconnecting industrial/warehouse and office accommodation comprising: • PVC coated steel cladding to walls and roof • Steel and timber frame construction • Concrete floor • Roller shutter door access to each unit • Eaves height up to 7m • Recently refurbished • Secured estate • Heating and lighting • Units from 1,000 up to 37,530 sq ft. Telephone 0161 236 9999 www.daviesharrison.com Enterprise Trading Estate, Lees Street Gorton, Manchester, M18 8QU Tenancy Tenancy Schedule The estate is multi let and income producing with a total rental Unit Size (sq ft) Size (sq m) Tenant Lease Start Date Rent p/annum income totalling £84,085 per annum. 1 1,500 139.35 Tread Mill 01/08/2014 £5,400 All leases are held on annual 2 3,000 278.70 Marek Banas (Car Repairs) 12/11/2014 £5,400 rolling leases. 3 8,000 743.20 Abbey Motors 10/02/2015 £12,000 4 2,500 232.25 VW Breakers 01/08/2013 £6,000 5 2,500 232.25 Vehicle Cosmetics Limited 14/01/2014 £4,800 6 2,500 232.25 Mohamed Abushiba 23/04/2014 £6,000 7 2,500 232.25 TNT Post UK 08/10/2013 £8,125 8 1.500 (Michael) Paul Street 10/04/2014 £4,160 9 1,000 92.90 David Reynolds Blinkho 01/06/2014 £2,400 10 4,706 437.20 Husham Gasim Algak Maki 01/10/2014 £6,000 11 3,460 321.43 Alan Mark Jackson 01/05/2014 £6,000 12 1,500 139.35 Trevor Williams 01/03/2015 £4,800 14 2,864 266.06 Giuseppe’s 01/01/2011 £6,000 Phone Mast £7,000 TOTAL 37.530 3,486.6 £84,085 Telephone 0161 236 9999 www.daviesharrison.com Enterprise Trading Estate, Lees Street Gorton, Manchester, M18 8QU Proposal Occupational Market Viewings We are instructed to seek offers in excess of Gorton has traditionally been a local market For further information or to arrange an inspection £1million (One Million Pounds) subject to contract benefiting from being located close to Ashton please contact: and exclusive of VAT which reflects a net initial Old Road, one of the main arterial routes in to yield of 7.95% Manchester City Centre from the M60 Motorway. Rick Davies Davies Harrison Tenure Located to the East of Manchester City Centre, local Tel: 0161 236 9999 trading estates such as Smithfield Market, as well Email: [email protected] as Piccadilly Trading Estates have thrived due to We understand that the property is held on a demand for companies wanting to be in and around Simon Foden freehold basis. the City Centre but maintaining good access to the Davies Harrison local and national motorway networks. Tel: 0161 236 9999 Energy Performance Certificate Email: [email protected] East Manchester has seen a large amount of An Energy Performance Certificate for each redevelopment in recent years with leisure and property has been commissioned and is available retail developments on Ashton Old Road including on request. the development of Sports city along with the regeneration completed by Manchester City Football Club. VAT There has been strong demand for this type The Properties is elected for VAT and it is the of accommodation within the area from local intention to treat this transaction as a Transfer of a companies. There has been limited new build Going Concern (TOGC). accommodation constructed in the last five years which has led to a shortage of available similar accommodation. Misrepresentation Act 1967. Unfair Contract Terms Act 1977 The Property Misdescriptions Act 1991. These particulars are issued without any responsibility on the part of the agent and are not to be construed as containing any representation or fact upon which any person is entitled to rely. Neither the agent nor any person in their employ has any authority to make or give any representation or warranty whatsoever in relation to the property. April 2015. RB&Co 0161 833 0555. www.richardbarber.co.uk PARTICS Your budget marketing solution. www.i-partics.co.uk. 0161 833 0555. Telephone 0161 236 9999 www.daviesharrison.com.