Former Princes Soft Drinks Site, Lord North Street, Manchester | Property for sale | Savills
Guide price £5,950,000

Former Princes Soft Drinks SiteLord North Street, Manchester


    Key features

    • To be offered in 10th October auction unless sold prior
    • Investment Currently Let at £742,309 pa (11.42% on Guide Price)
    • Large site & buildings comprising approximately 10,043.80 sq m (108,111 sq ft)
    • Total site area approximately 4.29 acres (1.736 hectares)
    • Comprises 36 tenants on licences
    • Ongoing active asset management opportunities
    • Possible future development potential

    Of interest to investors with future development potential Substantial Freehold Multi-Let Industrial Investment Let Close to Manchester City Centre

    About this property

    • The property, the former Princes Juice Factory, now comprises a number of industrial units, each let on short leases/licences. The property is split into two sites which are split by the railway. The total site size is approximately 4.29 acres (1.736 hectares). Investment Currently Let at £742,309 pa (11.42% on Guide Price). Sites: Site A Site A as shown edged red on the plans that are included within these particulars is situated at the junction of Lord North Street with Grimshaw Lane. The site provides accommodation with a Total Gross Internal Floor Area of approximately 45,469 Sq ft (4,224.2 Sq m). The accommodation provides a variety of separate office and warehouse/ workshop accommodation. To the elevation of the site, which fronts onto Grimshaw Lane on the North East side of the site, there is office accommodation with a rear warehouse/workshop accommodation attached. The warehouse has eaves heights ranging from 3.6 metres to 5.4 metres. The buildings benefit from a variety of dock levellers providing access to the commercial part of the premises. There is also a first floor section to the property structure which is currently arranged to provide a canteen and store. Access to the site is from Lord North Street with the access to the external areas that are used for car parking and circulation. Site B Site B as shown edged blue on the plans that are included within these particulars is located at fronting onto Lord North Street. The site provides accommodation with a Total Gross Internal Floor Area of approximately 62,642 Sq ft (5,819.6Sqm). The accommodation provides a variety of warehouse/workshop accommodation with an eaves height ranging from 3.624 metres to 6.45 metres. There are a variety of dock levellers and the access to the site leads to external areas used for car parking and circulation. Access to the site is via two access points from Lord North Street with these providing access to external areas used for circulation. Within the site there are a variety of outbuildings. Tunnel Sites A and B are currently linked by way of a tunnel under the railway line as shown edged yellow on the plans that are included within these sales particulars. Note: The sites can be acquired separately or as a whole, details of the tenure that exists relating to the tunnel arrangement between the two sites is outlined below under the heading tenure within these particulars. The buildings within the complex are of a variety of construction types and ages.

    Local information

    • The property is prominently located at the junction of Lord North Street and Grimshaw Lane in the area of Greater Manchester known as Newton Heath. Newton Heath is an established commercial area located approximately 2.8 miles north east of Manchester City Centre. Nearby occupiers include the Etihad Stadium, Greater Manchester Police, Travis Perkins and a number of third party logistics companies.

    Additional information

    • Tenure:
    • Majority Freehold
    • Site A - Freehold Tenure and is held under Title Number LA8922.
    • Site B - Freehold Tenure under Title Number LA32781 and part Long Leasehold being a 999 years from 25th December 1916 at a peppercorn under Title NumberGM744207.
    • Tunnel - that links Sites A and B is via an existing licence arrangement from Network Rail
    • Accommodation:
    • The property comprises a substantial site & buildings comprising approximately 10,043.80 sq m (108,111 sq ft) of gross internal area on a site area of approximately 4.29 acres (1.736 hectares).
    • The property comprises 36 tenants
    • Tenancy:
    • The property is let to a number of tenants, some on rolling leases/licences so the rent may be changeable. Please refer to the latest tenancy schedule in the legal pack.
    • Planning:
    • The property may benefit from Change of Use/Development Potential. For further information please contact Manchester City Council (www.manchester.gov.uk).