Industrial Investment Let to A-Plant. Producing a Gross Income of £18,000 pa

Single storey modern industrial unit which extends to 560.8 sq m (6,036 sq ft), benefitting from an eaves height of approximately 3.27 m, roller-shutter loading door access and communal service yard/parking area. The property is situated on the west side of Missouri Avenue close to its junction with Eccles New Road (A57) and approximately two miles west of Manchester City Centre. The property is currently let to Ashtead Plant Hire Company Ltd (A-Plant) for a term of five years from 5th June 2015 at a current passing rent of £18,000 p.a.x. The lease is drawn on full repairing and insuring basis (subject to a photographic Schedule of Condition). The tenant has an option to determine a lease at any time on or after 4th June 2018 provided three months prior notice is given. A-Plant is one of the UKs largest plant, tool and equipment hire companies forming part of FTSE 100 company Ashtead Group PLC, they are the second largest equipment rental company in the world.

Tenure

Leasehold

Lease Information

We are informed that the property is held long leasehold for a term of 125 years (less seven days) from 15th December 1983 (thus having approximately 92 years unexpired) at a current rent of £2,144.13 per annum. Further details available within the legal pack.

Viewing

Please contact Roger Hannah & Co on 0161 817 3399

Energy Efficiency Rating (EPC)

Current Rating F

Local Authority

Salford City Council

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of 0.9% inc VAT, subject to a minimum of £1080 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.