Dalton Housebulkloader.prd.pl.artirix.com.s3.amazonaws.com/...Brochure0.pdf · Newton Heath Oldham...

Dalton HouseDALTON HOUSE / DANE ROAD / SALE / MANCHESTER / M33 7AR

Prominent Mixed Use Investment Opportunity

D A N E R O A D / S A L E / M A N C H E S T E R / M 3 3 7 A R

Dalton House

< HOME >

INVESTMENT SUMMARY

LOCATION

SITUATION

DESCRIPTION

ACCOMMODATION

SITE

TENANCY

COVENANT INFORMATION

TENURE

EPC

SERVICE CHARGE

VAT

PROPOSAL

CONTACT

INVESTMENT SUMMARY• Opportunity to acquire a prominent multi

let office and retail investment located in the busy commuter town of Sale.

• Dalton House comprises 27,603 sq ft of refurbished office and retail accommodation arranged over ground and three upper floors.

• Excellent transport links being situated on the A56, a main arterial route through to Manchester City Centre, and less than 500m from Dane Road Metrolink station.

• Fully let to five office tenants and two retailers at a topped up annual rent of £395,562 per annum reflecting a low average rent of £13.18 per sq ft.

• WAULT of 2.71 years to break and 4.75 years to lease expiries.

• Freehold.

• Offers in excess of £4,850,000 subject to contract and exclusive of VAT. A purchase at this level reflects an attractive net initial yield of 7.65% and a reversionary yield of 8.26% (assuming purchaser’s costs of 6.58%) and a low capital value of £176 per sq ft.


Dalton House

< HOME >

INVESTMENT SUMMARY

LOCATION

SITUATION

DESCRIPTION

ACCOMMODATION

SITE

TENANCY


TENURE

EPC

SERVICE CHARGE

VAT

PROPOSAL

CONTACT

DALTON HOUSE


Dalton House

< HOME >

18

19

20

21

22

23

24

15

3

5

17

1615

14

2

1

12

9

7

25

M60

M602

M60

M66

M61

M62

M62

M60

M60

M56

M56

M56

M67

A580

A57

A56

A576

A5145

A6010A6010

A5103

A5103

A635

A523

A6017

A560

A57

A34

A34

A6

A6

A6

A62

A56

A578

MANCHESTER

Didsbury

Marple

Manchester Airport

Hazel Grove

Hyde

Ashdton-under-Lyne

Glossop

Mossley

Adlington

Disley

Buxton

Hayfield

Bredbury

NewtonHeath

Oldham

Salford

Castlefield

Stockport

MANCHESTER

DALTON HOUSE

SAT NAV: M33 7AR

LOCATIONSale is an affluent town in South Manchester within the Metropolitan Borough of Trafford, 6 miles south west of Manchester City Centre. The A56 is the main arterial route through the town linking Altrincham to Manchester and providing access to Junction 7 of the M60 motorway (1 mile to the north east) and Junction 4 of the M56 motorway (4.5 miles to the south east).

Sale continues to establish itself as as buiness location due to excellent public transport links including the Metrolink which links to various locations in Greater Manchester via the town’s three stations. The nearest mainline railway station is Navigation Road in Altrincham, which provides regular services to Manchester Piccadilly, Stockport and Chester. Manchester Airport, which is the largest airport in the UK outside of London, is just 6.3 miles to the south east.

INVESTMENT SUMMARY

LOCATION

SITUATION

DESCRIPTION

ACCOMMODATION

SITE

TENANCY


TENURE

EPC

SERVICE CHARGE

VAT

PROPOSAL

CONTACT

M60

J7

SALEA56

B5166

SALE WATER PARK

DALTON HOUSE

A56

Dane Rd

B5166

Broad Rd

Glebelands Rd


Dalton House

< HOME >

INVESTMENT SUMMARY

LOCATION

SITUATION

DESCRIPTION

ACCOMMODATION

SITE

TENANCY


TENURE

EPC

SERVICE CHARGE

VAT

PROPOSAL

CONTACT

GLEBELANDS RD

SITUATIONDalton House is situated in a prominent position at the junction of Washway Road (A56) and Dane Road at the northern edge of Sale, a short distance from Junction 7 of the M60 motorway. Dane Road Metrolink station is located less than 500m to the east. The surrounding area is predominantly residential, interspersed with a number of retail and office premises fronting the A56. A wide range of local amenities are within five minutes’ walk of the property including Tesco, Sainsbury’s, TGI Friday’s, Marks & Spencer, LA Fitness and The Square Shopping Centre.

M60

A56

DANE ROAD

DARGLE RD

WAVERLEY RD

A56

M60

J7

A56


Dalton House

< HOME >

INVESTMENT SUMMARY

LOCATION

SITUATION

DESCRIPTION

ACCOMMODATION

SITE

TENANCY


TENURE

EPC

SERVICE CHARGE

VAT

PROPOSAL

CONTACT

DESCRIPTIONA prominent office building of concrete frame construction arranged over ground and three upper floors. Constructed in the 1960’s, the property was substantially remodelled and refurbished in 2009 to create two ground floor retail units. The upper floors have been sub-divided to provide open plan office suites with flexible floor plates of 6,600 sq ft.

The specification includes suspended ceilings, new double glazed powder coated aluminium windows, air conditioning and refurbished common parts. The building is fully DDA compliant with access to the upper floors provided by a new passenger lift. Additionally, the property benefits from bicycle storage and on-site car parking with a total of 67 spaces (1:412 sq ft).

ACCOMMODATION

Unit Sq ft Sq M

Retail Unit 1 3,603 334.73

Retail Unit 2 4,986 463.21

First Floor 6,436 597.92

Second Floor 6,565 609.90

Third Floor 6,013 558.62

Total 27,603 2,564.38

IPMS 3 measurements are available upon request.

SITEThe property falls on a site area of approximately 0.85 acres (0.34 ha).


Dalton House

< HOME >

INVESTMENT SUMMARY

LOCATION

SITUATION

DESCRIPTION

ACCOMMODATION

SITE

TENANCY


TENURE

EPC

SERVICE CHARGE

VAT

PROPOSAL

CONTACT

TENANCY

Unit Tenant Area (sq ft)

Parking Spaces

Lease Start

Lease Expiry Break Option Next Rent

ReviewTotal Rent

(£pa)Total Rent

(£psf) ERV (£pa) ERV (£psf) Comments

Retail Unit 1 Majestic Wine Warehouse Limited 3,603 7 18/09/2009 16/01/2025 18/09/2019 18/09/2019 £56,505 £15.00 £54,045 £15.00 Car parking spaces included within the rent.

Retail Unit 2 Ducati Manchester Limited 4,986 9 05/03/2009 04/03/2024 05/03/2019 £60,123 £12.06 £74,790 £15.00 Car parking spaces included within the rent.

1st Floor A & B Short Cuts Software UK Limited 3,204 8 16/12/2015 15/12/2021 16/12/2018 £43,300* £12.39 £48,456 £14.00

*Tenant benefiting from stepped rent period. Vendor to provide top-up until 16/06/2017. £400 per car parking space.

1st Floor C Stanton Fisher Limited 3,232 8 01/11/2014 31/10/2020 01/11/2017 £48,006* £13.86 £48,848 £14.00 *Tenant benefiting from stepped rent period. Vendor to provide top-up until 01/08/2017. £400 per car parking space.

2nd Floor Stanton Fisher Limited 6,565 16 01/11/2014 31/10/2020 01/11/2017 £88,900* £12.57 £99,110 £14.00*Tenant benefiting from stepped rent period. Vendor to provide top-up until 01/08/2017. £400 per car parking space.

3rd Floor A Securitas Security Services (UK) Limited 3,593 10 24/05/2011 23/11/2016 24/05/2014 £56,628 £14.51 £54,802 £14.00

Mutual rolling break option, subject to one month’s written notice. £450 per car parking space.

3rd Floor B & C Principal Insurance Limited 2,420 5 08/11/2014 07/11/2020 08/11/2017 08/11/2017 £31,738 £12.18 £36,130 £14.00 £450 per car parking space.

Roof Metronet (UK) Limited 24/02/2009 23/02/2019 24/02/2015 £9,012 £9,012

Car Spaces Short Cuts Software UK Limited 3 15/01/2016 14/01/2017 £1,350 £1,350 £450 £450 per car parking space.

Car Spaces Vacant 1 £450 £450 £450 per car parking space.

Total 27,603 67 £395,562 £13.18 £426,993


Dalton House

< HOME >

INVESTMENT SUMMARY

LOCATION

SITUATION

DESCRIPTION

ACCOMMODATION

SITE

TENANCY


TENURE

EPC

SERVICE CHARGE

VAT

PROPOSAL

CONTACT

DALTONHOUSE


Dalton House

< HOME >

INVESTMENT SUMMARY

LOCATION

SITUATION

DESCRIPTION

ACCOMMODATION

SITE

TENANCY


TENURE

EPC

SERVICE CHARGE

VAT

PROPOSAL

CONTACT


Ducati Manchester Limited

Ducati Manchester is a motorbike dealership for the Italian motorbike brand of Ducati, with showroom locations in Manchester, Preston and Stoke-on-Trent. The branch won Ducati Dealer of the Year in 2015.

Further information can be found at: http://www.ducatistore.co.uk/

% of Income: 15%

D&B Rating: 1A 2

Risk of business failure: Lower than average

Their financial position can be summarised as follows:

Fiscal

Consolidated 31 Dec 2014

Fiscal Consolidated 31 Dec 2013


Tangible Net Worth £1,012,307 (£1,117,925) (£726,779)

Net Current Assets (Liabilities) £1,140,433 £1,428,254 £1,379,484

Stanton Fisher Limited

Stanton Fisher is a leading financial and travel claims specialist, established in 2010. To date, the company has recovered over £80 million of compensation for their clients.

Further information can be found at: https://stantonfisher.com/

% of Income: 34%

D&B Rating: A 3

Risk of business failure: Above average


Fiscal


Fiscal Consolidated

31 Jul 2013

Fiscal Consolidated

31 Jul 2012

Tangible Net Worth £446,239 £52,530 £45,220

Net Current Assets (Liabilities) £292,477 £391,946 £45,898

Majestic Wine Warehouses Limited

Majestic Wine is a wine retailer, selling a mixture of wine, champagne and spirits with more than 200 stores in the UK. The company was founded in 1980 and is subsidiary of Majestic Wine Plc.

Further information can be found at: https://www.majestic.co.uk/

% of Income: 14%

D&B Rating: 5A 1

Risk of business failure: Minimum risk of business failure


Fiscal

Consolidated 30 Mar 2015

Fiscal Consolidated 30 Mar 2014

Fiscal Consolidated

1 Apr 2013

Sales Turnover £265,956,000 £255,732,000 £248,541,000

Profit / (Loss) £18,873,000 £21,316,000 £20,443,000

Tangible Net Worth £61,012,000 £56,954,000 £51,448,000

Net Current Assets (Liabilities) (£15,860,000) (£18,929,000) (£21,624,000)


Dalton House

< HOME >

INVESTMENT SUMMARY

LOCATION

SITUATION

DESCRIPTION

ACCOMMODATION

SITE

TENANCY


TENURE

EPC

SERVICE CHARGE

VAT

PROPOSAL

CONTACT

Securitas Security Services (UK) Limited

Securitas is a security provider including services such as specialised guarding, technology solutions, consulting and investigations. In the UK, Securitas employs over 15,500 people and was named in the Top 400 UK employers by Bloomberg in 2016.

Further information can be found at: http://www.securitas.uk.com/

% of Income: 14%

D&B Rating: 2A 1



Fiscal




Sales Turnover £329,871,041 £338,401,375 £350,679,715

Profit / (Loss) £3,816,347 £86,117 (£2,261,529)

Tangible Net Worth £3,989,791 £806,910 (£11,377,436)

Net Current Assets (Liabilities) £48,996,091 £45,743,403 (£1,996,924)

Principal Insurance Limited

Principal Insurance is a fast-growing specialist insurance group established in 2011. The company offers an extensive range of motorcycle, scooter, van, trade, classic car and modified car insurance policies using a panel of leading insurers.

Further information can be found at: http://www.principalinsurance.co.uk/

% of Income: 8%

D&B Rating: D 2

Risk of business failure: High risk of business failure


Fiscal

Consolidated 31 Oct 2015

Fiscal Consolidated

31 Oct 2014

Fiscal Consolidated

31 Oct 2013

Sales Turnover £1,567,440 - -

Profit / (Loss) £13,242 - -

Tangible Net Worth £73,835 (£619,642) (£568,580)

Net Current Assets (Liabilities) £143,420 £5,221 £602

Shortcuts Software UK Limited

Shortcuts provides innovative smart salon software technology for clients in the hair, beauty, spa, clinic, barber and walkin industries. The company was founded in 1993 and is headquartered in Australia, with offices in the UK and the US.

Further information can be found at: http://www.shortcuts.co.uk/

% of Income: 11%

D&B Rating: A 1



Fiscal


Fiscal Consolidated

30 Jun 2013

Fiscal Consolidated

30 Jun 2012

Sales Turnover £5,154,002 - -

Profit / (Loss) £438,813 - -

Tangible Net Worth £527,313 £187,420 £173,005

Net Current Assets (Liabilities) £493,140 £129,639 £117,636


Dalton House

< HOME >

INVESTMENT SUMMARY

LOCATION

SITUATION

DESCRIPTION

ACCOMMODATION

SITE

TENANCY


TENURE

EPC

SERVICE CHARGE

VAT

PROPOSAL

CONTACT

Metronet (UK) Limited

Metronet provides hybrid connectivity solutions to businesses across the UK. Established in 2003, the company combines a unique mixture of fibre optic and high capacity wireless technology resulting in reduced lead times.

Further information can be found at: http://www.metronet-uk.com/

% of Income: 2%

D&B Rating: 3A 1



Fiscal

Consolidated 31 Mar 2015



Sales Turnover £16,316,000 £11,613,000 -

Profit / (Loss) Before Taxes £3,219,000 £2,544,000 -

Tangible Net Worth £7,831,000 £5,535,000 £2,631,858

Net Current Assets (Liabilities) £3,159,000 £2,032,000 (£96,212)


Dalton House

< HOME >

TENUREFreehold.

EPC An Energy Performance Certificate is available upon request.

SERVICE CHARGE The property’s service charge is currently running at £4.32 per sq ft for the office accommodation and £0.83 per sq ft for the retail accommodation. A full breakdown is available on request.

VAT The property has been elected for VAT. VAT will therefore be payable on the purchase price.

PROPOSAL We are instructed to seek offers of £4,850,000 (Four Million, Eight Hundred and Fifty Thousand Pounds) reflecting a net initial yield of 7.75% and a reversionary yield of 8.26%, assuming purchaser’s costs of 6.58%.

A purchase at this level reflects a capital value of £176 per sq ft.

INVESTMENT SUMMARY

LOCATION

SITUATION

DESCRIPTION

ACCOMMODATION

SITE

TENANCY


TENURE

EPC

SERVICE CHARGE

VAT

PROPOSAL

CONTACT

KnightFrank.co.uk

CONTACTFor further information or to arrange a viewing, please contact:

Steve CarrickE: [email protected]: 0161 833 7690 M: 07711 042 584

Tom DawsonE: [email protected]: 0161 833 7717M: 07468 727 122

Mike PochinE: [email protected]: 0161 833 7692M: 07469 666 318

IMPORTANT NOTICE. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. VAT: The VAT position relating to the property may change without notice. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London W1U 8AN, where you may look at a list of members’ names. April 2016. Carve-design.com 12417

Dalton Housebulkloader.prd.pl.artirix.com.s3.amazonaws.com/...Brochure0.pdf · Newton Heath Oldham...

Documents

Transcript of Dalton Housebulkloader.prd.pl.artirix.com.s3.amazonaws.com/...Brochure0.pdf · Newton Heath Oldham...