Light industrial for sale in Wrigley Head, Manchester M35

Multi-Let Industrial, Retail & Yard Space For Sale

Investment opportunity

Wrigley Head has an array of properties comprising of Industrial, retail & yard space. It is handily accessible as it is close to the M60 Junction 22. Located in Failsworth, Manchester this site is a well situated location that has great links to all major public transport.
Wrigley Head is a well-established small industrial estate, resulting in a great investment opportunity with huge potential for development. The site currently comprises of an antique centre, cafe and fish and chip shop, in addition, a hardstanding yard is currently let as a car sales pitch. The ground floor is occupied by a furniture company. The rear of the property contains a large hard standing yard used for vehicle sales and storage.
Highly prominent location between Manchester and Oldham. Strategically located with excellent transport links and easy access from the M60 Junction 22.
Adaptable industrial, retail, and yard space totaling 51,600 sq.ft.with a Current Net Rental Income of £187,080 per annum.
Redevelopment opportunity for a further 9 industrial units with a possible rental increase to c£300,000 per annum.
Income from various long-standing tenants provides excellent passing rent. Renewable contracts with break clauses to allow greater flexibility for both landlord and tenant.
Established antiques centre and community with shops and cafe provide many repeat customers to the site.

Additional Opportunity to build 9 light industrial units adjacent to the main yard:
Units 1-5 are the larger units and will all house the same accommodation with 4 designated parking spaces. A ground-floor office/reception (circa 12.6m²) which directly links to an accessible WC, storage space, and stairs to the first-floor open-plan office circa 55.2m²).
Units 6-9 will be smaller starter units comprising of a Ground Floor office/reception (circa 12.2m²) which directly links to an accessible WC, a separate Tea room, and the stairs to the first-floor open plan office over (circa 44m²). -Within the first-floor circulation, the unit has access to further storage.
At the ground floor level will be the single-height warehouse/storage area (circa 24m²) which can be accessed internally or externally via the roller security shutters.
Each unit will have 3 designated parking spaces, one of which will be intended as an accessible space.

Specifications

17 Wrigley Head
Large warehouse split over two floors
20,000 sq.ft

19 Wrigley Head
All shops, cafe & small yard area
5,600 sq.ft

Main Yard
26,000 sq.ft

Gross rental income: £187,080
VAT: The above amounts are exclusive of but may be liable to VAT. Each party must satisfy themselves independently to the occurrence of VAT in this instance.
Legal Costs: If sold, each party are to bear legal costs incurred in connection with the transaction.
Title: The property in its entirety consists of X2 Freeholds, with a leasehold affecting Unit 17
EPC: We understand the property is assessed within Band E and a copy of the EPC is available on request.

For more information or to arrange a viewing please don't hesitate to get in touch.

Misrepresentation Act 1967 Ivy Business centre Ltd for themselves, for any joint agents, and for the vendors or lessors of this property whose agents they give notice that:
1: The details contained within these particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute, nor constitute part of, an offer or contract.
2: All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to each of them. Figures and gross rentals quoted may be subject to change.
3: No person in the employment of Ivy Business centre Ltd or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. 4: All rentals and prices are quoted exclusive of VAT. Compliance Declaration: One of the partners in our commercial division has a declarable interest in this property. This statement is being made in compliance with regulations ahead of any potential negotiations.