Rugby Park - Unit 4

Battersea Road, Heaton Mersey Industrial Estate

Size: 5,852 SQ.FT.

Key Features

• Investment opportunity
• End-terrace industrial / warehousing unit comprising a base total of 5,852 sq ft (543.73 sq m) with an additional tenant’s installed mezzanine of 1,993 sq ft
• Located in a highly sought after industrial estate, 2 miles from the centre of Stockport and the M60 motorway
• The property is held long leasehold under title number MAN46390 for a period of 999 years from 1st December 2005
• Leased to Costumes with Character Limited for a term of 10 years expiring May 2034
• Costumes with Character Limited have been in occupation of the subject property for 19 years, since 2006
• Current annual rental of £60,000 per annum equates to £10.25 per sq ft (on the basis of the original base total)
• Estimated rental value of £12.00 per sq ft
• Offers are sought in excess of £900,000 (Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT
• A purchase at this level reflects a Net Initial Yield of circa 6.31%, after costs, which equates to £150 per sq ft