Sigmatex, Manor Farm Road, Runcorn, Cheshire, WA71TE

  86,891 sq ft (8072.45 sqm)

  For Sale: £6,035,000 Freehold

Description

The property is a striking building comprising a modern detached three bay warehouse of steel portal frame construction. Over £7.5M has been spent on the unit and plant and machinery. It has been constructed to a high specification which is summarised :

Warehouse:

Pitched metal clad roof with 10% roof lights + Profile metal clad elevations + Eaves height of 8.6m - 9.0m to the underside of haunch + 1 dock level loading doors and 2 level access drive in doors + Heating & lighting throughout warehouse + Bespoke canteen/kitchen area + 28,875 sq.ft of mezzanine (not rentalised)

Offices:

Two-storey office accommodation to the front of the building

+ Fully heated, lit and air conditioned throughout providing open plan and cellular accommodation

+ Male, female and disabled WC's on the ground floor

+ A single 8 person passenger lift to first floor level

External:

Secure 2.4m high palisade fencing to the perimeter

+ Extensive concrete yard area + Separate delineated car parking areas

SUMMARY SALE INFORMATION:

  • Prime freehold single let manufacturing and production investment opportunity.
  • A secure warehouse extending to 86,891 sq ft with eaves between 8.6 - 9.0 metres
  • Let to Sigmatex (UK) Limited on a new FR&I 15-year lease
  • The lease is to be subject to five yearly RPI linked rent reviews (compounded annually), subject to a collar and cap of 1.00% and 4.00% per annum
  • Sigmatex (UK) Limited has a 'Very Low Risk' Experian score of 100/10
  • Over £7.5M spent on capital expenditure
  • Initial passing rent of £434,455 per annum, reflecting £5.00 per sq ft.
  • Offers in excess of £6,035,000 (£69/sqft)subject to contract. This reflects 6.75% NIY, projected to grow to 7.89% in 5 years, assuming purchaser's costs of 6.63%.

Location

Manor Park is a prime 300 acre (116 ha) office and industrial park located adjacent to the A558 which provides easy access to J11 and J12 of the M56 motorway. The Park is situated between Manchester (30 miles) to the east and Liverpool (20 miles) to the west. Warrington is situated 4 miles north while Chester is 17 miles south west. The park has excellent accessibility to the M56, which connects with J20 of the M6 motorway 6 miles east and J11 of the M53 motorway approximately 8 miles west.

Manchester International and Liverpool John Lennon Airports are situated within 25 minutes' drive. Rail communications are equally good, with Runcorn and Warrington Stations providing West Coast connections both within 5 miles of the Park.

The subject property is located on Manor Farm Road which is in the heart of Manor Park. The road runs in to Manor Farm Avenue which in turn leads on to the A558 Expressway providing dual carriageway access to the M56, with junction 11 within 3 miles.

Energy Performance Certificate

An energy performance certificate is available on request.

Rateable Value

Interested parties are requested to contact the local authority.

Further Information

Please contact the joint sole agents Steve Carrick 0161 806 0455 sc@carrickre.com or phil.morley @lm6.co.uk

Legal Costs

Each party to responsible for their own costs in relation to any transaction.

VAT

VAT will be payable at the prevailing rate.

Tenure Comments

The unit sis offered for sale for offers in excess of £6,035,000 subject to contract. This reflects 6.75% NIY, projected to grow to 7.89% in 5 years, assuming purchaser's costs of 6.63

The property will be let upon completion for a term of 15 years to Sigmatex (UK) Limited at an initial rent of £434,455 per annum exclusive, which reflects £5.00 per sq ft. The lease will be drawn up on full repairing and insuring terms, incorporating five yearly RPI linked rent reviews (compounded annually), subject to a collar and cap of 1.00% and 4.00% per annum respectively

Downloads

Brochure