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Light Industrial Unit for Sale near the M24, Manchester

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Light Industrial Units for Sale Within 5 miles of the M24, Manchester

More details for Lower Vickers St, Manchester - Light Industrial for Sale

Victoria Mill - Lower Vickers St

Manchester, M40 7LH

  • Office for Sale
  • £1,350,000
  • 13,104 sq ft
  • 1 Unit Available
  • Air Conditioning
  • Security System
  • 24 Hour Access

Manchester Light Industrial for Sale

There are two leases in place which are summarised below: Manchester Primary Care Partnership Ltd (“MPCP”) for 10 years from March 2019 at £27,253 per annum. NHS for 10 years from November 2018 at £67,577.21 pa. The total rental income is £94,830.21 per annum. The rents are net, as there is a service charge budget in place. The current service charge budget (24/25) runs at £2.33 psf. The rents passing equate to £8.42 per sq. ft for the NHS section and £8.25 for the MPCP area. Both leases have reviews at 5 years, so the first review would have been for MPCP in March 2023 and then the NHS in November 2023, however due to COVID these were not actioned. The asset is reversionary and this offers a purchaser a great opportunity to increase the income. There is another office suite extending to circa 1652 sq.ft. which is vacant and offers the opportunity to increase the rent once let. Applying £10/sq.ft. to this suite equates to an additional £16,520p.a.

Contact:

Landwood Commercial (Manchester) Ltd

Date on Market:

18/09/2025
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There are currently 1 Light Industrial Units on the market in and around M24.
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Asking prices in M24 range based on market conditions.

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