UNIT TRIANGLE COURT CHESHIRE BUSINESS PARK - Carrick Real Estate.
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4 UNIT TRIANGLE COURT CHESHIRE BUSINESS PARK NORTHWICH CHESHIRE CW9 7YL PRIME OFFICE INVESTMENT OPPORTUNITY GUARANTEED BY GOVERNMENT OWNED BILLION POUND COVENANT
02
UNIT 4 TRIANGLE COURT
CHESHIRE BUSINESS PARK
NORTHWICH • CHESHIRE • CW9 7YL
INVESTMENT
SUMMARY
OPPORTUNITY TO ACQUIRE
Opportunity to acquire a grade A office
A GRADE A OFFICE BUILDING
building on one of the North West’s ON ONE OF THE NORTH WEST’S
PREMIER BUSINESS PARKS.
premier business parks.
A high specification office building
extending to 5,091 sq ft, including 21
car parking spaces.
Cheshire Business Park is situated
within 3 miles of Junction 19 of the M6
motorway.
L et in its entirety to Payzone Bill
Payments Limited expiring 25
August 2026. There is an open
market rent reviewing forthcoming
in August 2021.
The lease is guaranteed by the
undoubted covenant Post Office Limited.
The tenant has recently declined the
opportunity to exercise their 2021
break option.
Freehold.
Current passing rent of £87,500 per
annum, reflecting £17.19 per sq ft.
The lease is subject to an upwards
only rent review in year 5.
Offers are sought in excess of
£1,180,000, subject to contract
and exclusive of VAT. A purchase
at this price reflects a net initial
yield of 7.00%, assuming
purchasers costs of 5.91%.
UNIT
03
UNIT 4 TRIANGLE COURT
CHESHIRE BUSINESS PARK
NORTHWICH • CHESHIRE • CW9 7YL
TO M6 J19
A556
CHESHIRE BUSINESS PARK
IS SITUATED WITHIN 3 MILES A559
OF JUNCTION 19 OF THE TRIANGLE COURT A556
TO CHESTER
M6 MOTORWAY.
UNIT 4 CHESHIRE AVENUE
CHESHIRE
BUSINESS PARK
MANCHESTER ROAD
A559 LOSTOCK
GRALAM
TO NORTHWICH
7
A556 12 M602
TO M6 J19 5 A580 23
A580
UNIT 4 TRIANGLE COURT 4
ST HELENS MANCHESTER
CHESHIRE BUSINESS PARK M6
NORTHWICH • CHESHIRE • CW9 7YL LIVERPOOL M57 A58
M62
2 10 M60
9 21a
1 4 M62
1
21
A559
6
A556 3 1
WARRINGTON 10
UNIT 4 BIRKENHEAD
A561 A49
LOCATION M56
A562
MANCHESTER ROAD M53 A56 20
9
6
& SITUATION HALL LANE
CHESHIRE
TRIANGLE COURT
5
M56
11
10 M6
19
A34
12
Cheshire Business Park is a prime BUSINESS PARK CHESHIRE AVENUE A540
9 A559
A556
development which has been master A559 10 14 A56
NORTHWICH
planned to create an unrivalled LOSTOCK
A550 16
12
15
CHESHIRE KNUTSFORD
environment providing high quality A559 GRALAM BUSINESS PARK
bespoke office accommodation in 12 A54 M6
A51 A533
a rural setting yet within easy striking TO NORTHWICH
CHESTER
distance of the North West Transport A55 18
infrastructure.
LOSTOCK GRALAM
RAILWAY STATION
Cheshire has established itself as one A556 TO CHESTER A483
A51
of the UK’s most desirable regions A49 CREWE 17
for business occupiers thanks to the
combination of its strategic location 16
A50
and excellent lifestyle qualities.
CHESHIRE BUSINESS
The property is situated adjacent
to the A556 (Manchester to Chester
PARK HAS BEEN
dual carriageway) giving access to MASTER PLANNED
Junction 19 of the M6 motorway within TO CREATE AN
5 minutes’ drive. Chester, Liverpool UNRIVALLED
and Manchester are within 30
minutes’ drive time via the M56
ENVIRONMENT
and M60 motorways.
Manchester International Airport is
within 15 minutes’ drive time via the
M56 and John Lennon Airport at
Liverpool is in 30 minutes’ drive time.
The Park provides an unrivalled
business environment which already
benefits from:
• Travelodge hotel with associated
car parking
• Public house with all day food
and refreshments
• Co-op convenience store
• Subway fast food restaurant
05
UNIT 4 TRIANGLE COURT
CHESHIRE BUSINESS PARK
NORTHWICH • CHESHIRE • CW9 7YL
SPECIFICATION. TENANCY. COVENANT
Unit 4 benefits from the following specification: The property is let in its entirety to INFORMATION.
Payzone Bill Payments Ltd which is Payzone Bill Payments Limited – 11310918
a wholly owned subsidiary of the
Payzone is owned by the Post Office (a UK Government owned
Post Office Limited for a term of 10
company). They operate through 11,500 branches, the Post
years from 25 August 2016 on a full
Office is the biggest retail network in the UK. A trusted brand,
repairing and insuring basis. The lease
the Post Office has played a key role in society for centuries
is guaranteed by Post Office Limited.
Two storey brick and Mono Clear & uninterrupted and continues to expand and modernise its services. Together,
The tenant had the benefit of an option
glazed elevations pitched roof floor plate Payzone and the Post Office have over 24,000 stores and
to determine on the fifth anniversary
branches across the UK. Payzone also partner with big-name
21 car parking of lease commencement but have
suppliers such as British Gas, Eon, EE, O2.
spaces, providing chosen not to exercise the option.
an excellent The current passing rent is £87,500
ratio of
per annum, reflecting £17.19 per sq Post Office Limited – 02154540
1:242 sq ft
ft. There is an upwards only review
Raised Comfort On-site The Post Office is owned by the UK Government. It has had
access floors cooled CCTV security on the fifth anniversary of lease
a key role in UK life for centuries. One which millions of people
commencement (25 August 2021)
depend on every day, every week. The Post Office has over
to open market rental value.
11,500 branches across the UK, 97% of these are run with retail
ACCOMMODATION. TENURE. partners on an agency or franchise basis. 99.7% of the
population live within 3 miles of a Post Office and 93% live
The property has been measured in accordance with the RICS Code of Measuring Practice on a The property is held freehold. within 1 mile. Along with a significant online business, they are
Net Internal Area basis and extends to 5,091 sq ft (472.97 sq m) arranged over ground and first floor. the biggest retail network in the UK, with more branches than
all the banks and building societies combined. Publicly owned
following separation from Royal Mail in 2012, they have
9
A55
modernised 7,500 branches.
D
OA
ERR
H EST
NC
MA
UNIT 4
TR
IAN
GL
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OU
RT
CHESHIRE NU
E
BUSINESS PARK AV
E
H IRE
ES
CH
06
UNIT 4 TRIANGLE COURT
CHESHIRE BUSINESS PARK
NORTHWICH • CHESHIRE • CW9 7YL
VAT. CAPITAL ALLOWANCES. FURTHER
We understand the property has been elected The vendor intends to elect to retain all INFORMATION.
for VAT. It is anticipated that the sale will be existing capital allowances. PROPOSAL. For further information or to arrange
structured as a Transfer of a Going Concern
Offers are sought in excess of £1,180,000, subject a viewing, please contact:
(TOGC) and as such VAT will not be payable. ANTI-MONEY LAUNDERING. to contract and exclusive of VAT. A purchase at this
Steve Carrick
price reflects a net initial yield of 7.00%, assuming
EPC. In Accordance with Anti-Money Laundering
Regulations, two forms of ID and confirmation purchasers costs of 5.91%. sc@carrickre.com
An Energy Performance Certificate is of the source of funding will be required from T 0161 806 0455
available upon request. the successful purchaser. M 07711 042 584
carrickre.com
CARRICK REAL ESTATE
1ST FLOOR • CANADA HOUSE
CHEPSTOW STREET
MANCHESTER • M1 5FW
Important notice: These particulars are not an offer
or contract, nor part of one. You should not rely on
statements by Carrick Real Estate 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 Carrick Real Estate 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
UNIT
the property may change without notice. Carrick Real
Estate is a limited company registered in England with
registered number 10893418. Our registered office is
Canada House, 3 Chepstow Street, Manchester, M1 5FW
where you may look at a list of members’ names.
April 2021. carve-design.co.uk 15037/6
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