Blackmore Road - Trafford Park - Cobra Court, Manchester, LAN

The property comprises a two storey building (Units 17A & 17B) with brick elevations incorporating double glazed aluminium framed windows beneath a pitched tiled roof.
The property is located on Barton Dock Road (B5211) close to its junction with Parkway (A5081), which is a short distance to junction 9 of the M60 and the Trafford Centre. It is conveniently situated close to junction 2 of the M602. Manchester City Centre and Salford Quays are located approximately 3 miles and 1 mile to the east respectively, 8 miles to the south of Manchester International Airport and within 5 minutes walk from the Trafford Park Railway Station.

Sale Notes:
The investment opportunity comprises the semi-detached Unit 17B.
The property is let to Daikin Airconditioning UK Limited by way of a 5 year lease expiring 11 January 2016. The current income is £40,680 per annum, reflecting £10.00 per sq ft which is one of the lowest rents at Cobra Court.
Offers are sought in excess of £388,000 (Three Hundred and Eighty Eight Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level will provide a purchaser of a net initial yield of 10% assuming purchaser’s costs of 4.8%.