UNIT 3 OLYMPIC PARK BIRCHWOOD, WARRINGTON, WA2 0YL PPC PRIME PROPERTY CONSULTANCY MODERN FREEHOLD OFFICE INVESTMENT FOR SALE PRIME BUSINESS PARK OFFICE LOCATION IDEAL SIPP OPPORTUNITY
HOME INVESTMENT SUMMARY LOCATION DESCRIPTION AMENITIES TENANCY CONTACT Investment summary Opportunity to acquire an office investment in Warrington. Two storey office building totalling 5,120 sq ft with 18 car parking spaces. Includes a land strip providing the opportunity to add parking at a later date subject to planning. Excellent location close to M6 and M62 junctions. The current rent passing is 74,240 per annum reflecting low rent of 14.50 per sq ft with the 18 car parking spaces inclusive. The building has two separate tenancies. Bedaro Limited occupy the ground floor on a 5 year lease from 06/08/2018, and DPS Engineering UK Limited occupy the first floor on a 5 year lease from 22/06/2018. Ideal SIPP opportunity. Freehold. Offers in excess of 800,000 (Eight Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 8.80%, assuming purchase costs at 5.49%.
LOCatIOn Set in 10 acres, Olympic Park Birchwood is strategically positioned in close proximity to the M6/M62 interchange. Birchwood benefits from excellent connectivity to the regional and national motorway network, close to both J21 of the M6 and J11 of the M62. Birchwood Train Station which is situated adjacent to Birchwood Shopping Centre provides a regular service into both Manchester and Liverpool and is situated circa 2 miles from Olympic Park. Birchwood Shopping Centre is the main centre for the provision of local amenity and provides a variety of shops and restaurants. Warrington town centre is just over 3.5 miles to the south west. Dedicated Bus service to Birchwood Station and Shopping Centre 3 hotels within minutes drive 20 minutes to Manchester International Airport 25 minutes to Manchester City Centre 5 minutes drive to Birchwood Shopping Centre 20 minutes walk to Birchwood Shopping Centre
HOME INVESTMENT SUMMARY LOCATION DESCRIPTION DesCrIPtIOn Building 3 Olympic Park is a contemporary two storey self-contained office building situated prominently on the main estate road. Architecturally the building design incorporates a large amount of glazing to maximise natural light. The accommodation has been fitted to a high standard by both tenants, reflecting a modern office working environment. Male and female toilet facilities are available on both floors with a disabled toilet facility located at ground floor level. specification Full Air-conditioning Double glazing throughout Suspended ceiling with mineral fibre tile and LED light panels Male, female and disabled toilets Dedicated entrance and reception area site PLan Finished floor to ceiling height 2.75m Fully accessible raised floor Car parking ratio 1:284 sq ft NIA BREEAM Very Good accreditation FLOOr areas 1 2 3 Ground Floor First Floor TOTAL NIA 4 5 7 6 8 Sq ft 2,560 sq ft 2,560 sq ft 5,120 sq ft Sq m 237 237 474 AMENITIES TENANCY CONTACT 9 10 it Un 11 3 12 13 14 15 16 17 18
amenities Birchwood shopping Centre is 1.6 miles to the east of Olympic Park. retailers include: asda, Costa Coffee, starbucks, aldi, sports Direct, new Balance, timpsons and mcdonalds to name only a few. there are 3 hotels within a few minutes from Olympic Park including Holiday Inn, Premier Inn and Penta Hotel. Birchwood Leisure & tennis Complex Domino s Pizza mcdonalds argos asda UNIT 3 OLYMPIC PARK Birchwood shopping Centre M6 Holiday Inn & Premier Inn Warrington M6 J21
tenancy the building has two separate tenancies. Bedaro Limited occupy the ground floor on a 5 year lease from 06/08/2018, and DPs engineering uk Limited occupy the first floor on a 5 year lease from 22/06/2018. Both tenants have recently completed a high quality fit out in the building and are now in full occupation. Both leases are drafted on an internal repairing and insuring basis contracted outside of the Landlord & Tenant Act 1954 Part II. In addition, both tenants contribute to an estate service charge and building service charge for maintenance of all common parts and external areas. COvenant InFOrmatIOn Bedaro Limited Registration No. 07772536 Bedaro is a specialist construction and refurbishment business operating in the commercial, leisure, retail, public and residential sectors. Their new lease has the benefit of a Director Personal Guarantee. Full account information is available upon request. DPs engineering uk Limited 03671402 DPS is a leading Project Management and Engineering Company servicing industry around the world for 40 years. Their new lease has the benefit of a Parent Company Guarantee (DPS Engineering Holdings Limited IE385008). Full account information is available upon request.
tenure The property is held freehold. epc An energy performance certificate (EPC) is available upon request. vat We understand that the property has been elected for VAT. As such it is anticipated that the sale will be handled as a transfer of a going concern (TOGC). PrOPOsaL We are seeking offers in excess of 800,000 (Eight Hundred Thousand Pounds), subject to contract and exclusive of VAT, for our client s freehold interest. A purchase at this level reflects an attractive Net Initial Yield of 8.80%, assuming purchase costs at 5.49%. COntaCt simon roddam Tel: 01925 822112 Email: SimonRoddam@begroup.uk.com