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Sterry House, 25/Sixty Bredbury Parkway, Bredbury Business Park, Stockport SK6 2SN.

10,500 sq. ft.
Offers Over £1,000,000

About this property

DESCRIPTION
An imposing, modern, detached, three storey, air-conditioned office building of steel frame construction with clad elevations and double glazed window units. The offices benefit from suspended ceilings with integral lighting, internal decoration, floor coverings, fitted kitchen/staff areas, central heating and a large ground floor entrance foyer with double entrance doors and feature stairway and passenger lift to the upper floors.
Ground Floor
3,658 sq. ft net internal area, including entrance foyer, general office area, conference room/general office, kitchen area and rear store area with roller door access. In addition, there are ladies, gents and disabled toilet facilities.
First Floor
3,611 sq. ft net interal area, including general and private office areas and staff area/kitchen.
Second Floor
3,231 sq. ft net internal area, including general and private office areas and kitchen are. In addition, there are ladies and gents toilets and separate shower.
Car Parking
There is a landscaped and fenced parking area which provides 58 car parking spaces.
Security
There property is fitted with an alarm system and security shutters to the ground floor windows/doors.

 

LOCATION AND SITUATION

25/Sixty, Bredbury Parkway is located on the well established Bredbury Business Park and is within a few minutes’ drive of the M60 motorway and within 5 minutes’ drive of Stockport town centre. Stockport itself benefits from an extensive retail centre and mainline rail link and Manchester International Airport is within 15/20 minutes’ drive. Manchester city centre is approximately 6 miles away.

 

TENANT INFORMATION

Pace Rehabilitations Ltd (Company no 04582878) are a provider of rehabilitation services related to mobility and ambulation. Incorporated in 202, they operate in Cheshire, Chesham and Country Durham.

TENURE
Long lease hold – 2,000 years from 1981 (1,964 years left).

PROPOSAL
Offers over £1,000,000 are sought for the long lease-hold interest, subject to contract. This represents a Net Initial Yield of 8.89% based on a current income of £94,000 per annum after deducting purchasers costs of 5.75% .

 

BUSINESS RATES
We have been advised that the current rating assessment is £88,500.  We recommend that interested parties should make their own enquiries with the local authority.

VAT
All prices and figures are quoted exclusive of any VAT that may be applicable.

 

MONEY LAUNDERING

In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful Purchaser.

Key Features

  • Located on the popular Bredbury Business Park.
  • 10,500 sq. ft over 3 floors.
  • Fully let to Pace Rehab Ltd on an unbroken 10 year FRI Lease from Dec 2016.
  • Passing rent: £94,000 per annum.
  • Car parking for 58 cars.
  • Long Leasehold - Offers over £1,000 representing a NIY of 8.89 % after deducting purchaser costs of 5.75%.

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