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720, Mandarin Court, Warrington, WA1 1GG

For sale: £800,000.00|6214 Sq Ft|Office, Offices

PROPERTY DETAILS

FOR SALE£800,000.00
SIZE6214 Sq Ft
ADDRESS720, Mandarin Court, Centre Park, Warrington, WA1 1GG
TYPEOffice, Offices
TENUREFor Sale Freehold
POSTED ON25th August 2020

DESCRIPTION

*INVESTMENT OPPORTUNITY*

A modern detached two storey office building with the following features:
* Full access raised floors
* Air Conditioning
* LED Lighting
* Fully fitted meeting room and break out area
* 26 dedicated parking spaces
* Landscaped grounds

Location
Mandarin Court is conveniently located for Warrington Town Centre on the established Centre Park.

The park is within walking distance of both Warrington's Bank Quay and Warrington Central railway stations, had has excellent links to the M6 and M56 motorways. Warrington Centre Park benefits from a regular shuttle bus service to and from Warrington Golden Square Shopping Centre.

Investment Summary
Two storey, detached office building of 6,125 ft2 with 26 car parking spaces.
* Entire first floor let to Provident Personal Credit Limited.
* Multi-let building with a current rent of £76,550 per annum.
* Offers over £800,000.
This level of purchase represents an attractive Net Initial Yield of 9.1% assuming purchaser's costs of 5.5%.

Accommodation
We calculate the following areas in accordance with the RICS Property measurement 2nd Edition, adopting IPMS 3:
Ground: 283.9 m 3,055 ft
First: 285.2 m 3,069 ft
Total: 569.1 m 6,214 ft

Company Information
Provident Personal Credit Limited
Provident Personal Credit Limited were incorporated in 1917 and is a wholly owned subsidiary of Provident Financial PLC which together with its subsidiaries forms the Provident Financial Group. The company provides unsecured home credit loans to UK customers and Republic of Ireland.

Morgan Williams Commercial LLP
Morgan Williams was established in 1985 as a Partnership of Chartered Surveyors and was incorporated as an LLP in 2005. They are the major commercial property agents based in Warrington.

Asset protection group limited
Asset protection group limited were incorporated in 2015 and comprises a group of fire and security companies.

Nest Holidays Limited
Nest Holidays have been trading for nearly a year and are a holiday let rental agency dealing with clients all over the UK.

Tenure
Freehold.

VAT
The sale will be treated as a transfer of going concern (TOGC) and as such no VAT will be payed.

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

Proposal
Offers in excess of £800,000 subject to contract and exclusive of VAT.

A purchase at this level reflects an attractive Net initial Yield of 9.1%, assuming purchaser's costs of 5.5%.

Tenancy Schedule
Page 7 of the marketing brochure.

Viewing - Malcolm Morgan/Joshua Morgan




( Agency Pilot Software Ref: 720 )

LOCATION

Location: 720, Mandarin Court, Centre Park, Warrington, WA1 1GG

Warrington Bank Quay (0.5 miles)

Warrington Central (0.9 miles)

Sankey for Penketh (2.3 miles)

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