DINGLE VALE WORKS SION STREET

DINGLE VALE WORKS SION STREET, RADCLIFFE, M26 3SB

NOW SOLD

£475,000.00

Size: 7228 Sq Ft

Status: Sold

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PROPERTY DESCRIPTION

Dingle Vale Works comprises a traditional industrial property, with a modern extension built to the Eastern Boundary. The original building has a concrete floor and has been split into two units. Unit One consists of three bays, with original brick elevations, each bay is surmounted by a pitched timber frame roof which has been externally clad in profile steel with translucent polycarbonate sheets in part, supported by steel stanchions internally. The unit benefits from a WC, kitchen, internal offices and a private gated yard area. Unit Two is accessed via Sion Street. This unit is brick-built, surmounted by a single-pitch slate-clad roof and offers accommodation at ground and first-floor levels. The unit benefits from a ground-floor storage area, together with WCs, and at the first-floor level, the premises provide an open-plan office area and kitchen. Unit Three is a steel portal framed in construction, with a concrete floor, internal office, and electric roller shutter access.

The premises is situated on Sion Street in Radcliffe. Sion Street provides access to Radcliffe New Road, the A665, which in turn provides access via Bury New Road, the A58, to Junction 17 of the M60 Motorway, approximately 2.5 miles to the North West of the subject premises. The property is approximately 6.5 miles North West of Manchester City Centre, and Radcliffe Metrolink Station is approximately half a mile from the property. Nearby amenities include, McDonalds Drive Thru and Starbucks Drive Thru, as well as an ASDA Supermarket.

The property is available at a guide price of £475,000, which reflects an initial yield of 6.64% based upon the estimated rental assumptions, this would provide a reversionary yield of 9.6% after usual purchase.

VAT is applicable on the sale, it is envisaged that the sale will be dealt with by way of a TOGC.

Strictly by appointment with the sole agents. Nolan Redshaw Contact: Jonathan Pickles Tel: 0161 763 0825 Email: jonathan@nolanredshaw.co.uk

Rare investment opportunity
Well established industrial location
Ability to significantly improve rent role
Each party is responsible for their own legal costs incurred in the transaction.