SECURE 5A1 LONG INCOME OFFICE INVESTMENT POS IDON HOUSE OAKHURST DRIVE • CHEADLE • SK3 0XB INVESTMENT SUMMARY POS IDON HOUSE OAKHURST DRIVE • CHEADLE • SK3 0XB • Modern high quality detached office building totalling 35,842 sq ft with 116 car spaces, on a site of 0.57 hectares (1.4 acres). • Situated within an established business location in a prominent position in close proximity to both Manchester Airport and Manchester City Centre. • Freehold. • Let to Thales Properties Ltd with a guarantee from Thales Holdings UK Plc on a reversionary 10 year lease (no break) from 14th September 2019, at a current passing rent of £500,000 per annum. • For the year ending 31st December 2017 Thales Holdings UK Plc reported a net worth of £1.13bn. • The company has a financial strength assessed by Dun and Bradstreet of 5A1, representing a minimum risk of business failure. • Thales are very well established in the immediate vicinity, occupying four additional buildings in close proximity to Poseidon House. • Offers are invited in excess of £6,500,000 reflecting a net initial yield of 7.21%, 7.54% on the SPV and a low capital value of £181 psf, assuming purchaser’s costs of 6.64%. SECURE 5A1 LONG INCOME OFFICE INVESTMENT A A5145 514 5 STOCKPORT A5145 J1 A 5 1 POS IDON HOUSE 4 M60 5 OAKHURST DRIVE • CHEADLE • SK3 0XB K I N G S STOCKPORT 0 T 6 5 W A E S T LOCATION 560 M60 A E CHEADLE HEATH N LA AW S SH J2 H HEMP Manchester is regarded as the UK’s AW second largest financial centre outside WAY H N E CIA EDG MER A London and is the administrative and ELEY T R H OA D commercial hub of the North West 0 6 5 A region. C A L E B G I R R E Manchester has the second largest D E H N A urban population and the largest L L HEAVILY 0 C A 56 O L business centre outside London. As U A N N C E I such it is recognised as the financial L L O R POSEIDON and administrative capital of the North R ADSWOOD O West. It is located approximately 34 A HOUSE D L A miles east of Liverpool, 44 miles west D Y DAVENPORT of Leeds, 87 miles north of Birmingham C B OU R N I C D and 207 miles north-west of central IL G LO E R R OA London. RO D AD DAVENPORT The City benefits from an excellent ADS WOOD R ANE transport infrastructure, with the OAD GAMERS L M60 orbital motorway connecting directly with the M56, M67 and M62 motorways. In addition, both the M56 LEEDS A1(M) and M62 subsequently link with the BRADFORD ColnE AIRPORT M6 motorway. As a consequence, Leeds BLACKPOOL M55 BrADFORD approximately 60% of the UK’s BLACKBURN M65 BURNLEY M621 population is within a two hour drive PRESTON M606 time. M62 SOUTHPORT M6 Cheadle is situated within the Borough M62 SCUNTHORPE of Stockport, which is one of the largest M18 towns within the Greater Manchester M61 BARNSLEY Doncaster conurbation. ManchestER M602 M1 M67 LIVERPOOL M57 M60 M67 A1(M) M62 1 4 miles from Manchester International 3 2 CHEADLE SHEFFIELD Airport LIVERPOOL JOHN M56 LENNON AIRPORT MANCHESTER M53 INTERNATIONAL AIRPORT M56 SECURE 5A1 LONG INCOME OFFICE INVESTMENT M1 Chester M6 WREXHAM STOKE-ON-TRENT NOTTINGHAM A5103 INWARD INVESTMENT & INFRASTRUCTURE IMPROVEMENTS M60 5 Airport City UHSM Medipark TO MANCHESTER CITY CENTRE h Airport City is 4 miles from Poseidon House and being created The Manchester MediPark brings together c.200 acres of Metrolink through phased delivery over the next 15 years and upon developable land, in and around UHSM, next to Airport City. A560 completion, will provide up to: MediPark is a gateway from the Airport to a pool of ‘talent’ M60 3/1 which has few rivals, and comprises a 7 mile long corridor from 2 • 1.4m sq ft logistics & industrial Manchester’s University quarter to UHSM, which hosts the highest 3a TO STOCKPORT • 1m sq ft offices concentration of higher education and specialist institutes in g POSEIDON M67 & EAST HOUSE • 650,000 sq ft advanced manufacturing Europe. UHSM Metrolink M56 • Circa 2,400 hotel beds MEDIPARK • 100,000 sq ft ancillary retail HS2 4 Manchester’s Airport City will become an international destination This will extend high speed lines to Manchester with two proposed Simonsway in its own right. The scheme is being developed by its joint stations at Manchester Airport and Manchester Piccadilly, served by venture partners: 5 a spur off the main line. HS2 HEALD On completion the fastest journey times to London Euston are AIRPORT GREEN CITY NORTH anticipated to reduce by 60 minutes, to 1 hour 8 minutes. Manchester 6 Airport Metrolink (Manchester Airport Line) M56 Manchester Airport Link Road M56 MANCHESTER AIRPORT CITY SOUTH INTERNATIONAL The Airport Line opened in November 2014. The nine mile AIRPORT A34 Construction of the A6 to Manchester Airport Relief Road Scheme extension to the existing system has 15 stops and runs from St completed in October 2018. The route provides 10 kilometres of f TO M6/M62 Werburgh’s Road in Chorlton, via Sale to Manchester Airport. BIRMINGHAM new 2-lane dual carriageway on an east-west route from the A6 & SOUTH near Hazel Grove (south east Stockport), via the 4 kilometres of existing A555 to Manchester Airport and the M56. Styal Road The scheme provides much-needed connectivity for key strategic routes into the North West and to Manchester Airport, including A560 traffic from the A6, A523 and A34 – all of which are key routes M60 STOCKPORT for business, leisure travel and freight from Cheshire, Derbyshire, Staffordshire, and beyond. WYTHENSHAWE A6 Key benefits of the scheme include: M56 POSEIDON HOUSE HAZEL GROVE · Economic growth generating additional economic A5102 output for the region of up to £2.5 billion and HEALD GREEN contributing towards the creation of up to 5,000 A34 new jobs; · Improved access to Manchester Airport and other key MANCHESTER AIRPORT destinations, particularly for Cheadle Royal A555 · Reduced congestion; HANDFORTH POYNTON DEAN · Shorter journey times; · Increased investment encouraged in EXISTING ROAD South Manchester. WOODFORD PROPOSED LINK ROAD SECURE 5A1 LONG INCOME OFFICE INVESTMENT POS IDON HOUSE OAKHURST DRIVE • CHEADLE • SK3 0XB Morrisons Stockport Academy Cheadle Heath Police Station POS IDON HOUSE OAKHURST DRIVE • CHEADLE • SK3 0XB No.1 Park Square Biz Space Hercules Park Orion Business Park POSEIDON HOUSE Bird Hall Lane C HEAD LE HU LME > SITUATION Cheadle is an affluent town situated approximately 6 The immediate surrounding buildings are characterised by Nearby leisure and retail amenities includes Cheadle High miles south of Manchester and 3 miles west of Stockport. office, industrial and trade counter uses with companies Street (5 minute drive), Cheadle Hulme Shopping Centre Cheadle has a population of approximately 60,000 and including: Bosch, Landis+Gyr, Biz Space, Emcor, DAI and (5 minute drive), Cheadle Royal (Sainsbury’s, John Lewis), forms part of the Manchester commuter belt with nearby Panalpina World Transport situated in the vicinity. David Lloyd and De Vere Hotel are all located a 10 minute towns including Cheadle Hulme, Bramhall, Wilmslow and drive away. Alderley Edge. A Morrisons and Lidl supermarket are within walking distance whilst Cheadle Heath Police Station is 0.6 miles In addition, Thales also occupy further space within three Bird Hall Lane is a well-established business location within to the north of Poseidon House. separate buildings on the adjacent Lawnhurst Trading Cheadle. The property is prominently located just off Bird Estate, including Dolphin and Eagle House. The Thales Hall Lane, less than 1 mile south of the A560 Stockport Beyond the immediate commercial surrounds are affluent workforce at Poseidon House of approximately 300 staff Road which connects Junctions 1 and 2 of the M60. residential suburbs, including various schools, parks, golf is highly skilled, and retains strong ties with the significant clubs and sports clubs. engineering departments at Manchester’s universities. SECURE 5A1 LONG INCOME OFFICE INVESTMENT POS IDON HOUSE OAKHURST DRIVE • CHEADLE • SK3 0XB DESCRIPTION The subject property comprises a high quality modern detached self-contained office The property has a tarmacadam surfaced car park providing 116 spaces at a ratio of 1:309 building which provides flexible accommodation arranged in an ‘L’ shape over three floors. sq ft. The total site area is 0.567 hectares (1.401 acres), including a small additional plot of The property was constructed in 2004 and benefits from the following specification: land which provides for 26 of the car parking spaces. • Fully glazed entrance and reception; Thales own the freehold of the car park that fronts Ashurst Drive, which provides • Full access raised floors; significant additional parking provision for Poseidon House. • Suspended ceilings incorporating category 2 lighting; • Gas fired heating; • Fan coil air conditioning; • Two 8 person capacity 680kg passenger lifts; • Male/female/DDA compliant toilet facilities are provided on each floor; • Entrance to the site is provided by an electronic gate system. SECURE 5A1 LONG INCOME OFFICE INVESTMENT POS IDON HOUSE OAKHURST DRIVE • CHEADLE • SK3 0XB ACCOMMODATION The property has been measured in accordance with the RICS Code of Measuring Practice (6th Edition) and comprises the following net internal floor areas: Description sq m sq ft Ground Floor 1,098 11,824 First Floor 1,118 12,009 Second Floor 1,118 12,009 Total Net Internal Area 3,334 35,842 EPC The property has an energy performance rating of C75. The Energy Performance Certificate is available on request. SECURE 5A1 LONG INCOME OFFICE INVESTMENT POS IDON HOUSE OAKHURST DRIVE • CHEADLE • SK3 0XB Osprey House Fa lcon House s C urrent O 14 15 Enterprise El Sub Sta House Bird Hall Lane TENURE TENANCY El Sub Sta Lawnhurst El Sub Sta Freehold.