Guinness Road - Trafford Park - Ccf Ltd, Manchester, LAN

The property comprises a detached industrial unit of steel portal frame construction with full height insulated profile metal clad elevations and roof, constructed in 2001. The property has two storey office accommodation to the front.
The property is located on Guinness Road in close proximity to the Guinness Circle Roundabout. Guinness Road provides access to junction 2 of the M602 motorway approximately one mile to the north and junctions 9 and 10 of the M60 only two miles to the south.

Sale Notes:
The investment opportunity comprises a self contained industrial unit extending to 27, 351 sq ft with ancillary yard space.
Offers in the region of £1,700,000 (One Million, Seven Hundred Thousand Pounds) for the freehold interest. A purchase at this level would reflect a net initial yield of 8.25% after usual purchaser costs of 5.8%.
The property is let to CCF Limited on a full repairing and insuring lease for a term of 20 years from 24th June 2001. The current passing rent is £148,500 per annum and the lease incorporates upward only 5 yearly rent reviews with the next review being due in June 2016.
The tenant has an option to break on 24th June 2016, subject to 12 months notice.