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Portland Street S - Portland Mill, Ashton Under Lyne, LAN

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Portland Mill Portland Street S

Ashton Under Lyne, OL6 7SX

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Property type:Office Sub Type:Warehouse Status:Existing Year built:1850
Floors:5 Typical floor:12,500 sq ft Building size:48,438 sq ft
% Leased:
For sale price:£900,000 Price:£18.58 sq ft
Yield:9.25 %
Smallest space:12,000 sq ft Largest space:12,000 sq ft Total space:12,000 sq ft Rent:
£1.00 sq ft


Space available:
Floor
Sq ft Available
Rent
Status
Lease term
Space use
  
12,000
£1.00 sq ft
Available
TBD
Light Industrial
 
4765528
Space notes Space Notes


Floor
Sq ft Available
Rent
Status
Lease term
Space use
 
12,000
£1.00 sq ft
Available
Light Industrial
The property comprises a detached former mill of traditional red brick construction, arranged over five storeys to provide mixed use accommodation with an NIA of around 48,438 sq ft.
The property is located on Portland Street South in a mixed commercial and residential locality on the fringes of Ashton Under Lyne town centre. Junction 23 of the M60 Manchester Orbital Network is around a mile distant. Ashton-Under-Lyne Railway Station is around half a mile away.

Sale Notes:
The investment opportunity comprises a multi-let, mixed use building of mostly open plan configuration, which poses numerous asset management opportunities.
Offers for the freehold interest are sought in excess of £900,000, which would give a yield of around 9.25% after usual purchasers costs of 5.8%.
The total rental income of the property is £88,082 per annum.

JBH Property Consulting Ltd
Alexander Barton
0161 336 5068
View all my listings

JBH Property Consulting Ltd
Alexander Barton
0161 336 5068
View all my listings


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