{"id":898,"date":"2024-09-05T14:44:34","date_gmt":"2024-09-05T14:44:34","guid":{"rendered":"https:\/\/propconnections.co.uk\/?post_type=property-land&#038;p=898"},"modified":"2024-09-05T14:55:35","modified_gmt":"2024-09-05T14:55:35","slug":"bmv-commercial-business-centre-manchester","status":"publish","type":"property-land","link":"https:\/\/propconnections.co.uk\/property-land\/bmv-commercial-business-centre-manchester\/","title":{"rendered":"BMV Commercial Business Centre"},"content":{"rendered":"\n<p>The property, a redeveloped textiles factory on a rectangular site, includes ten workshop units\u2014nine on Allison Street and one on Cheetwood Road. Three office suites are on the first floor at the eastern elevation and Cheetwood Road intersection. The total gross internal area is 26,028 sq ft (2,418.05 sq m), with the building nearly covering the entire site. A steel truss frame remains on the western elevation, where a valid planning application exists for an additional unit of 1,076 sq ft (99.96 sq m).<\/p>\n\n\n\n<p>Current estimated gross income of \u00a3279,705.60 per annum from 11 tenants with an average unexpired term of 5.46 years. Negotiations with a new additional tenants are ongoing for a new 6-year lease at \u00a330,000 per annum and we have assumed this \u00a330,000 per annum in the total income figure.<\/p>\n\n\n\n<p>Secure lease terms with no break clause ensuring security for prospective investors.<\/p>\n\n\n\n<p>A full tenancy schedule can be provided upon request.<\/p>\n\n\n\n<p><strong>Location<\/strong><\/p>\n\n\n\n<p>The property occupies a corner position between Allison Street and Cheetwood Road and comprises c. 29,000 sq ft ac accommodation of retail warehousing and office space.<\/p>\n\n\n\n<p>The site is situated in Cheetham Hill, an industrial area north of the city centre, 0.6 miles from Victoria Station and 0.5 miles north of the AO Arena. Surrounding occupiers would Include, Travelodge, Kickair, Salford Van and Hire, Private<\/p>\n\n\n\n<p>White V.C and Pure Gym. Manchester Fort Retail Park is located 0.9 miles northwest of the site and features; B&amp;Q, TK Maxx, KFC, Subway Greggs, B&amp;M, M&amp;S, Argos and Nike.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Purchase price \u00a33,100,000<\/li>\n\n\n\n<li>Market valuation \u00a33,500,000<\/li>\n\n\n\n<li>Newly developed<\/li>\n\n\n\n<li>Freehold included<\/li>\n\n\n\n<li>28,583 SQFT on a site of 0.45 acres<\/li>\n\n\n\n<li>Includes 10 workshop units<\/li>\n\n\n\n<li>Planning permission granted to add additional unit at 99.96 SQM<\/li>\n\n\n\n<li>Gross income \u00a3279,705.60<\/li>\n<\/ul>\n\n\n\n<p><strong>This asset is subject to a 2% Buyer\u2019s Fee + VAT<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BMV Commercial Business Centre Site in Manchester:<br \/>\nPurchase price \u00a33,100,000<br \/>\nMarket valuation \u00a33,500,000<br \/>\nNewly developed<br \/>\nFreehold included<br \/>\n28,583 SQFT on a site of 0.45 acres<br \/>\nIncludes 10 workshop units<br \/>\nPlanning permission granted to add additional unit at 99.96 SQM<br \/>\nGross income \u00a3279,705.60<br \/>\nThis asset is subject to a 2% Buyer\u2019s Fee + VAT<\/p>\n","protected":false},"featured_media":899,"template":"","sale_status":[8],"class_list":["post-898","property-land","type-property-land","status-publish","has-post-thumbnail","hentry","sale_status-available"],"acf":[],"_links":{"self":[{"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/property-land\/898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/property-land"}],"about":[{"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/types\/property-land"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/media\/899"}],"wp:attachment":[{"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/media?parent=898"}],"wp:term":[{"taxonomy":"sale_status","embeddable":true,"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/sale_status?post=898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}