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Garden Place
£2,400,000 |
10,101 sq ft | Office
Victoria Steet, Altrincham, WA14 1ET
Sold
£2,400,000
Town Centre Office Investment
Accommodation
Garden Place was developed in 2008 and comprises a steel-framed building with solid concrete floors, mixed clad elevations with aluminium double glazed windows under a flat roof. Externally the property provides 16 car parking spaces. Prominently situated and within walking distance of Altrincham Transport Interchange, providing 12 direct services per hour to Manchester via Metrolink and train.
Location
Energy Performance
- Energy Class: D
-
EPC Current Rating:
83
- EPC Potential Rating: 94
- A+
- A
- B
- C
- D
- E
- F
- G
Availability
Garden Place occupies a prominent corner site in the heart of Altrincham town centre and benefits from frontage to Victoria Street and Garden Lane. Altrincham Transport Interchange is a short walk south west of the site which provides 10 Metrolink services and 2 railway services to Manchester City Centre per hour, with wider services to both Stockport and Chester.
Terms/Price
The property is elected for VAT and it is anticipated that the property will be sold as a TOGC.
- Service Charge
- Service Charge is currently running at £4.94 psf
- Dataroom
- Full legal documentation can be made available to interested parties via a legal dataroom.
- Tenure
- The property is held Freehold.
- Proposal
- Our client is seeking offers in excess of £2,400,000 (TWO MILLION AND FOUR HUNDRED THOUSAND POUNDS), subject to contract and exclusive of VAT. A purchase at this level reflects the following yield profile assuming full purchasers costs:
- Net Initial Yield: 7.46%
- Estimated Reversionary Net Yield: 8.21%
- Capital Value per sq ft: £237
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Regional Property Solutions – Altrincham
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