Suitable for Freehold Owner Occupation (Short Term Investment Opportunity)
Investment Summary A single let well specified distribution warehouse investment, providing a total accommodation,80 sq ft (,08.0 sq m) GIA. Located on the established Manor Park in Runcorn with occupiers including Eddie Stobart, DHL, Lidl, and most recently B&M Bargains amongst others. Let to Ricoh UK Ltd until March 0, at a current passing rent of 8,00 per annum (.9 per sq ft). Freehold We are instructed to seek offers in excess of,0,000 (One Million Three Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT. This equates to a low capital value of.00 per sq ft.
Ripon 9 row In Furness A8 M Ricoh M UK Ltd 8 Lancaster A9 Wallasey A8 Moreton A Birkenhead Heswall Flint A A8 BLACKPOOL A0 A9 Bootle M A A Ormskirk A08 A8 0 A M8 LIVERPOOL River Mersey CHESTER M 8 Ellesmere Port 9 M M M A8 PRESTON A80 ST HELENS A8 0 A 8 9 9 M M Buckshaw Village 8 CHORLEY A00 A Widnes Speke RUNCORN A8 Liverpool A John Lennon Airport A A LEYLAND A A9 0 A A9 9 M 0 A M M M 08 M A8 M M 0 A9 0 9 M A80 A BLACKBURN Horwich A9 BOLTON 9 0 9 Walkden Wardley SALFORD Eccles 0 9 M 8 8 A8 BURY A A 8 8 9 0 ROCHDALE A8 0 A 00 MANCHESTER Manchester Airport M0 A A A Congleton OLDHAM A MACCLESFIELD A M A A9 A A8 9 9 8 Location 0 8 0 0 BRADFORD LEEDS Runcorn is strategically located M M0 8 A 9 approximately 0 miles (8 km) to the south west of Manchester, 0 miles ( km) to the south east of Liverpool and 0 miles M ( km) to the north west of London. The Wakefield town enjoys good road communications 8 and is serviced by the and M, which in turn provides access to the M and M0 Huddersfield A motorways. 9 M Liverpool John Lennon Airport is located approximately Barnsley miles ( km) to the west and Manchester International Airport 9 is situated miles ( km) to the east. location of a significant number of 0 occupiers, Peak District National Park A 00 SHEFFIELD Chesterfield 9 Harrogate 0 Boroughbridge Runcorn railway situation is on the west coast main line offering rail services to London Euston within hrs travel time. 9 A9 Rotherham The Park s success has been proven by the including Eddie Stobart, DHL/NHS, Lidl, UK Mansfield A9 A 8 been proven by the location A YORK A A(M) A9 Road communications within the region will be further enhanced by the completion A A A09 A A09 A DONCASTER of the Mersey M8 Gateway project, which comprises a new lane toll bridge over the A River Mersey between the towns A9 of Runcorn Pocklington Market Weighton The Selby Park s success has of a significant number of occupiers Mail, Kuehne & Nagel, Howdens Joinery, Rehau, Fresenius, Matthew Clark and most recently B&M Bargains amongst others. and Widnes. This will provide a valuable A A0 Beverl A KINGSTON A SCUNTHORPE and fast Bawtry link between the M and M motorways and also from Widnes/Runcorn Hemswell to Cliff Speke/South Liverpool. The bridge is due to be completed in Autumn 0. Lincoln A9 A A A0 A M A0 A A A A A A Llangollen Wrexham A A A9 A Nantwich A A00 A A00 A A Stoke on-trent A0 A A A8 Nuneaton
Situation TO RUNCORN Ricoh House is situated within Manor Park which is between the towns of Warrington and Runcorn, lying miles (km) to the east of Runcorn town centre. Manor Park is an established business park covering 00 acres offering office and industrial accommodation. The site fronts the A8 Daresbury Expressway and is accessed off Tudor Road VIA Manor Park Avenue. The park benefits from access to junction 0 of the M motorway via the to Warrington and junction of the M via the A. TUDOR DARESBURY EXPRESSWAY To Liverpool RIVER MERSEY A QUEENSWAY WIDNES New Mersey Crossing Opens Autumn 0 ASTMOOR A ASTMOOR WARRINGTON EXPRESSWAY A8 DARESBURY SRUART LONGBENTO WAY N TUDOR PARK MANOR AVE TO WARRINGTON / M MANOR PARK AVENUE WESTON POINT A FARM PICOW WESTON POINT EXPRESSWAY Runcorn Rail Station RUNCORN LANE MOUGHLAND HEATH B RUNCORN SPUR HALTON BROOK AVENUE BOSTON A EXPRESSWAY CENTRAL CHESTER A CLIFTON A LINK WESTERN A WESTON POINT EXPRESSWAY SOUTHERN M CHESTER To M & Manchester A
Description The property comprises a detached industrial warehouse with two storey office accommodation. The units are of steel portal frame construction with part brick and part steel clad elevations under a part flat, part pitched roof. The warehouse specification includes: Concrete floor 8.08 m -8.0 m to eaves Fluorescent Strip Lighting 0 % translucent panels Gas Air Blowers Up and over electric loading doors The office specification includes: There are a mixture of open plan and partitioned offices. Carpeted floors Suspended ceilings Air conditioned offices. Canteen Male/female W/C s. The majority of the property has been extensively fitted out as offices and can be reinstated to its original configuration.
The Site The site extends to.8 acres (0. Ha) providing a site coverage of only % and incorporates good external loading provisions together with a large amount of onsite car parking facilities. The current tenant, Ricoh UK Ltd, own the adjoining acre plot to the west of the subject property, which is currently being used as further car parking. We are aware that the land is available for purchase at the time of this brochure. Potential purchasers should undertake their own enquiries for this land.
Accommodation The property has been measured in accordance with the RICS Code of Measuring Practice th Edition. Accommodation Sq M Sq Ft Ground floor Warehouse 0.0,8 Ground floor Workshop 8.9, Ground Floor Offices.,8.0 Total Ground Floor Accommodation,8. 9,9 First Floor Offices,.00, Total GIA Area,08.0,80 Warehouse Mezzanine Area.00,8 Tenure The property is held freehold.
Tenancy Information The property is fully let on a full repairing and insuring basis to Ricoh UK Ltd until March 0. The current rent passing is 8,00 per annum which equates to.9 per sq ft overall. Copies of the lease documentation can be provided upon request. Covenant Ricoh is the world s leading supplier of office automation equipment and employs over 0,000 people in around 00 countries. The company was founded in Japan but has grown steadily over the past 9 years and has reported consistent growth in revenue and profits for almost a decade, generating sales equating to approximately $8. billion in 0. Ricoh UK Limited has a Credit Score of 9 out of 00 by FAME and has reported the following financial results: Financial Year Ending st March 0 st March 0 st March 0 Turnover 8,,000,00,000 8,,000 Pre-tax Profit,9,000,,000 8,,000 Shareholders Fund 8,,000,,000 9,,000
Energy Performance Certificate EPC Certificates are available upon request. VAT The property is elected for VAT. Proposal We are instructed to seek offers in excess of,0,000 (One Million Three Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT. This equates to a low capital value of.00 per sq ft. Further Information For further information or to arrange an inspection please contact: LSH Liverpool Robert Diggle T: 0 08 E: rdiggle@lsh.co.uk LSH Manchester Lawrence Vaughan T: 0 0 E: lvaughan@lsh.co.uk LSH London Philip Colman T: 00 98 000 E: pcolman@lsh.co.uk 0 8 www.lsh.co.uk 0 8 www.lsh.co.uk 00 98 000 www.lsh.co.uk Misrepresentation Act 9. Unfair Contract Terms Act 9 The Property Misdescriptions Act 99. These particulars are issued without any responsibility on the part of the agent and are not to be construed as containing any representation or fact upon which any person is entitled to rely. Neither the agent nor any person in their employ has any authority to make or give any representation or warranty whatsoever in relation to the property. September 0. RB&Co 0 8 0. www.richardbarber.co.uk