Units 1-5, Dane Road Industrial Estate, Dane Road, Sale
28,294 sq ft
Description
Opportunity to acquire well established urban logistics estate located in South Manchester suburb.
Estate is within 1 mile of Junction 7 M60 Orbital motorway network and 5 miles of Manchester City Centre.
Four warehouse units and two self-contained offices set within an established estate.
Freehold offering 28,294 sq ft.
Total current net income £260,460.29 per annum.
Longer term redevelopment potential for residential on the estate with ownership held by 4 landlords.
Low passing rents representing £8.78 sq ft on the warehouse space.
Refurbished ERV in excess of £332,000 per annum.
Offers in the region of £3,490,000 (Three Million and Four Hundred and Ninety Thousand Pounds) plus VAT. A purchase at this level offers an attractive net initial yield of 7% rising to 8.93% based on a conservative ERV net of purchaser’s costs of 6.5%.
Estate is within 1 mile of Junction 7 M60 Orbital motorway network and 5 miles of Manchester City Centre.
Four warehouse units and two self-contained offices set within an established estate.
Freehold offering 28,294 sq ft.
Total current net income £260,460.29 per annum.
Longer term redevelopment potential for residential on the estate with ownership held by 4 landlords.
Low passing rents representing £8.78 sq ft on the warehouse space.
Refurbished ERV in excess of £332,000 per annum.
Offers in the region of £3,490,000 (Three Million and Four Hundred and Ninety Thousand Pounds) plus VAT. A purchase at this level offers an attractive net initial yield of 7% rising to 8.93% based on a conservative ERV net of purchaser’s costs of 6.5%.
BUILDING HIGHLIGHTS
Well established
Freehold
Net income £260,460.29
Low passing rents
Specification
Comprises 4 warehouse units and 2 self-contained office units.
The landlord has recently refurbished unit 5 spending in the region of £100,000.
The property sits on a site of approximately 2.01 acres (0.82 hectares).
There is additional car parking providing 9 spaces currently used by the NHS.
The landlord has recently refurbished unit 5 spending in the region of £100,000.
The property sits on a site of approximately 2.01 acres (0.82 hectares).
There is additional car parking providing 9 spaces currently used by the NHS.