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Ashton House 6 Margaret Street 4,036 sq ft Light Industrial Property Ashton Under Lyne OL7 0SH £375,000 (£92.91/sq ft)
Investment Highlights
- Good mix of open plan and cellular offices, workshop and storage space
- South of Ashton-under-Lyne town centre
- Alternative use potential, subject to appropriate consent
- Private loading yard/car park to rear
- Adjacent to Manchester Road, approx. 1 mile Jnct 23 M60
Executive Summary
Prominent detached two storey office, light industrial/storage building with its own loading yard/car park.
Providing a range of rooms to ground floor given over to light industrial/storage and office uses and office uses to first floor the property is complimented with an attractive reception with open stairwell and staff welfare facilities on each level.
To the rear is a private loading/car parking area accessed off the adjacent Victoria Street East.
Held for a term of 120 years, effective 1968 at a ground rent of £225/annum without review.
Lease:
Sub-let to Bar Code Data Limited for a term of 25 years effective July 2004 at a passing rent of £31,000/annum (effective July 2019) with the lease having rent reviews at 5 year intervals to Market Rent (upwards only) and drafted on full repairing and insuring terms. Further lease details on application.
Providing a range of rooms to ground floor given over to light industrial/storage and office uses and office uses to first floor the property is complimented with an attractive reception with open stairwell and staff welfare facilities on each level.
To the rear is a private loading/car parking area accessed off the adjacent Victoria Street East.
Held for a term of 120 years, effective 1968 at a ground rent of £225/annum without review.
Lease:
Sub-let to Bar Code Data Limited for a term of 25 years effective July 2004 at a passing rent of £31,000/annum (effective July 2019) with the lease having rent reviews at 5 year intervals to Market Rent (upwards only) and drafted on full repairing and insuring terms. Further lease details on application.
Property Facts
| Price | £375,000 | Total Plot Size | 1.87 ac |
| Price per sq ft | £92.91 | Net Internal Area (NIA) | 4,036 sq ft |
| Sale Type | Investment | No. Floors | 2 |
| Tenure | Long Leasehold | Year Built | 1990 |
| Property Type | Light Industrial | Tenancy | Single |
| Property Subtype | Light Distribution | No. Drive In / Grade-Level Doors | 1 |
| Costar Property Class | B |
| Price | £375,000 |
| Price per sq ft | £92.91 |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Property Type | Light Industrial |
| Property Subtype | Light Distribution |
| Costar Property Class | B |
| Total Plot Size | 1.87 ac |
| Net Internal Area (NIA) | 4,036 sq ft |
| No. Floors | 2 |
| Year Built | 1990 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 1 |
Amenities
- 24 Hour Access
- Bus Route
- Commuter Rail
- Courtyard
- Fenced Lot
- Wheelchair Accessible
- Air Conditioning
Utilities
- Lighting
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Ashton House | 6 Margaret Street
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