Withdrawn After
- Office
- Tenure: Freehold
Call the team on 0161 830 7477 for more information
Freehold Retail & Office Investment with 52 On Site Parking Spaces - Currently producing £68,463 pax
Lloyd House is a traditionally constructed three-storey detached block situated in the “Village” area of Trafford Park providing the main retail centre servicing Trafford Park. Third Avenue links between Village Way and Westinghouse Road, convenient for Old Trafford (Manchester United football club) and Salford Quays/Media city. Manchester city centre being situated approximately two miles to the east. The property will also benefit from the new Village Metrolink tram station being situated approximately 30 metres from the property due to open in 2020 part of the new Metrolink line connecting the Trafford Centre to Manchester city centre. Completion will be 6 weeks from the date of the signed contract.
Tenure
Freehold
Further Information
The property itself provides 6 ground floor retail units (5 of which have been sold off on 125 year leases from 1994 at peppercorn rents but with service charge provisions within the lease). The one remaining retail unit is currently trading as a sandwich shop. The first and second floors were refurbished to a high standard in 2014 and provide quality office accommodation, the first floor having been subdivided into four separately let office suites and the second floor comprising one large open plan office suite.
Property Information
The first and second floors are serviced with 4 entrances accessed from the substantial rear car parking area which provides parking for 52 cars. There is also potential to develop this car parking area subject to the necessary consents being obtained.
Rental Information
The property currently produces a rental income of £68,463 per annum and a purchase at the guide price of £550,000 equates to a 12% net initial yield (assuming purchasers costs at 4.4%).
Viewing
Please contact Auction House North West Commercial on 0161 830 7477
Energy Efficiency Rating (EPC)
Current Rating E
Local Authority
Trafford Council
Solicitors
Hill Dickinson LLP, 50 Fountain Street, MANCHESTER M2 2AS, Ref: Darren Hamer, Tel: 0161 817 7200
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
