84 Talbot Road, Stretford, LAN

The property comprises a detached building of concrete frame construction with red brick and curtain wall outer cladding. The property is arranged over four floors and totals 6,338 sq ft NIA.
The property is located on the north side of Talbot Road, close to the junction with Birch Avenue in Old Trafford; approximately 1.5 miles south-west of Manchester city centre and 1.1 miles from Trafford Park railway station. Junction 7 of the M63 is situated around 1.8 miles away.

Sale Notes:
The investment opportunity comprises an office building which is fully let to Ansell & Bailey LLP Chartered Architects for a further 7.5 years. The tenant is planning to upgrade the reception and the sub-let space which has recently become vacant will also be improved.
Offers are sought for the freehold interest in excess of £695,000 (six hundred and ninety-five thousand pounds), subject to contract, reflecting an attractive net initial yield of 8.7% after purchaser’s costs of 5.8%.
The property is entirely let to Ansell & Bailey LLP on a lease for a term of 30 years from 25th March 1989. The lease is drawn on full repairing and insuring terms and is subject to five yearly upward only rent reviews with the next review due on the 25th March 2014. The lease expires on the 24th March 2019. The current rent is £64,000 per annum exclusive reflecting £10 per sq ft.