3 Lumsdale Road - Cobra Court, Stretford, LAN

The property comprises a two storey brick finished, steel frame built office building.
The property is located within Cobra Court off Lumsdale Road, Trafford Park, Manchester and is within close proximity to Junction 9 of the M60. Manchester City Centre and Salford Quays are located approximately 3 miles and 1 mile to the east respectively, with Manchester International Airport being located approximately 8 miles to the south.

Sale Notes:
The available investment opportunity comprises a detached brick finished out-of-town office building. The building is let in full on a new FR&I lease to Exel Europe Ltd for a term of five years from 28 March 2011. The annual rent is £75,850 per annum (£12.50 per sq ft). Exel (trading as DHL) is a UK subsidiary of Deutsche Post AG.
The freehold is available to purchase for offers in excess of £800,000 exclusive of VAT. A purchase at this level reflects a net initial yield of 8.96% after full purchaser’s costs of 5.8%.