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Mioc, Styal Road, Office For Sale in Wallsend - Image 1
Mioc, Styal Road, Office For Sale in Wallsend - Image 1
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Mioc, Styal Road, Office For Sale, Stockport

Mioc, Styal Road, Office For Sale, Stockport
£16,000,000.00
Description
* MIOC provides an outstanding opportunity to acquire a multi-let office building with excellent growth potential * The asset occupies a commanding position close to Manchester Airport * The asset comprises 90,154 sq ft arranged over ground and two upper floors - 95% let - Multi-let to various tenants including SEKO Logistics, Franke, TGE Gas Engineering, Simon Carves Engineering Limited and World Cargo Logistics Ltd - Unparalleled car parking ratio of 1:168 sq ft (534 car parking spaces) - Large 6.6-acre site * Current office rent passing of £1,817,678 per annum * Current car parking rent passing of £75,650 per annum * Total passing rent of £1,893,328 per annum * Long leasehold interest from Manchester City Council on a 169-year lease from 1982 at a peppercorn * Current vacancy of 5,503 sq ft (across seven suites, with no rental guarantee), providing immediate opportunity to drive rental performance * One-acre development site at the front of the site, suitable for drive-thru, roadside, hotel or office uses (subject to planning)
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