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Cross Lane, Salford, M5 4BN

For sale: POA|16702 Sq Ft|Office, Residential, Offices

PROPERTY DETAILS

FOR SALEPOA
SIZE16702 Sq Ft
ADDRESSMcDonalds Restaurants Ltd, 3 Cross Lane, Salford, Greater Manchester, M5 4BN
TYPEOffice, Residential, Offices
TENUREDevelopment Opportunity, For Sale Freehold
POSTED ON29th October 2020

DESCRIPTION

VACANT OFFICE BUILDING OF INTEREST TO OCCUPIERS DEVELOPERS AND INVESTORS

The property is located in Salford, Greater Manchester opposite Salford Crescent rail station and the University of Salford. The property is bounded by Albion Way, the A6 and Cross Lane. A McDonald’s drive thru is adjacent and opposite lies a 23-storey residential tower developed in 2015. Salford has seen significant regeneration in recent times.

The property is a three storey building of brick construction with a pitched roof arranged as an L shape with a central atrium reception. The building is fitted out as offices including raised floors, air conditioning and two passenger lifts. The site extends to approximately 0.33 ha ( 0.83 acres) with parking for 70 cars.

The property is currently used as B1 offices. There is potential to redevelop the site - subject to the necessary consents - to residential, student housing or alternative uses.

The NIA excluding storage and reception are

Ground: 5,513 sq ft
First floor: 5,380 sq ft
Second floor: 5,809 sq ft
Total:16,702 sq ft

RATEABLE VALUE
£138,000 pa

RATES PAYABLE
£68,000 pa

TENURE
The property will be sold freehold with vacant possession on completion.

PRICE
Offers in excess of £2million subject to contract only.

LOCATION

Location: McDonalds Restaurants Ltd, 3 Cross Lane, Salford, Greater Manchester, M5 4BN

Salford Crescent (0.1 miles)

Salford Central (0.9 miles)

Deansgate (1.3 miles)

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