George House, Mallory Yard, Goostrey Way, WA16

INVESTMENT SUMMARY

* The property comprises a single let commercial unit with parking in Mobberley Village.
* Currently generating a total income of £97,500 per annum.
* The office is let for 10 years from September 2020, with no break clauses.
* The property has been registered for VAT purposes and may be dealt with as a TOGC.
* Freehold title number CH609547.
* We are instructed to seek offers for our clients asset of £975,000. A purchase price at this level would reflect a net initial yield of 10%.

LOCATION
The property is located in the heart of Mobberley Village, a short drive from Knutsford and approximately 3.5 miles from Wilmslow. The M56 Motorway & Manchester Airport are within 4 miles of the property whilst Mobberley Rail station is also located nearby, offering services to Manchester Picadilly, Chester and Altrincham.

Mobberley Village boasts a range of amenities including a Co-Operative Store, Post Office, Pharmacy, Bakery, and several local pubs.  Knutsford is accessible by car in 5 minutes, Alderley Edge in 8 minutes and Wilmslow in 9 minutes, all offering a wealth of restaurants, bars and further amenities.

DESCRIPTION
George House forms part of a modern office development in a rural setting. The two-storey property provides contemporary, high specification office accommodation, with the benefit of an external terrace/ balcony, a large kitchen/ break out area, private offices and meeting rooms.

There are 21 parking spaces allocated to the property in the shared development car park.

The building benefits from:
* DDA Compliant
* Shower and WC Facilities
* Raised Floor
* Fitted Kitchen
* Glazed Partitions
* Large Open Plan office
* Glazed Boardroom with furniture
* Glazed Private Office
* Air Conditioning
* LED lighting
* Key fob entry/Intercom

ACCOMODATION
Ground Floor: 3,227 Sq Ft
First Floor: 3,227 Sq Ft
Total: 6,693 Sq Ft

TENURE
The property is understood to be Freehold. Title No: CH609547

TENANCY
The entire property is let to Aegis Legal Limited (Co Reg: 07022643) from 10th September 2020 for a term of 10 years. Paying a rent of £67,500 pa. A copy of the lease is available upon request

TENANT PROFILE
Aegis Legal Limited are a well-established law firm specialising in accident and personal injury. Established in 2009 the company have traded form the property since 2011.

PRICE
£975,000

VAT
The property has been registered for VAT purposes and may be dealt with as a TOGC.

BUSINESS RATES
Ground Floor Rateable Value: £46,500
First Floor Rateable Value: £50,500