Industrial / Investment
Grosvenor Mill Business Centre
Grosvenor Mill Business Centre, Grosvenor Street, Ashton-Under-Lyne, Greater Manchester, OL7 0RG
For sale
£2,400,000
Offers in the region ofSize
58,976 Sq Ft
Key features
- Multi-Let Business Centre
- High Yielding & Reversionary
- High Yielding & Reversionary Multi-Let Business Centre Investment / Development Opportunity
Overview
Investment Summary
High yielding, mixed use and multi-let business centre, with potential to improve the income and/or redevelop (subject to planning).
Located in Ashton-under-Lyme a densely populated area which benefits from close proximity to Manchester City Centre.
Strong Connectivity being only 1 mile to Junction 23 of the M60 Manchester Outer Ring Road.
The property is not listed and provides a total rentable building area of approximately 69,902 sq. ft.
Let to 23 individual businesses with an occupancy rate of 100%
Grosvenor Business Centre generates a gross annual income of £283,929 per annum.
Strong reversion potential with an Estimated Rental Value of approximately £356,569 per annum.
Site area 1.892 acres (0.766 hectares)
Asset management opportunities include lease re-gears; development of further workshop space in the yard and the future redevelopment potential of the entire site – subject to obtaining the necessary planning consent.
Freehold
Location
Ashton-Under-Lyme is a market town in the Tameside area of Greater Manchester, situated approximately 6 miles east of Manchester City Centre.
The town is a densely populated residential area, popular with families and commuters who require good connectivity across the Greater Manchester area.
The property is located along Grosvenor Street on the South-West periphery of Ashton-Under-Lyme town centre, close to Stockport Road (A6017) in mixed area of residential dwellings and industrial warehouse facilities.
Ashton-under-Lyme town centre lies approximately 0.8miles from the property.
Junction 23 of the M60, Manchester Outer Ring Road lies only 1 mile from the site, providing great access to Manchester City Centre and the wider Greater Manchester area.
The Metrolink and Ashton-under-Lyme Railway Station are both located approximately 1.2 miles from the property.