November 2018

Legat Owen to market £2.6m Cheshire office site

We have been instructed by Western Power to market the freehold interest of an office investment at the established Manor Park Estate, between Chester and Warrington, with a guide price of £2.6m.

Howard Court, located at Manor Park, close to the M56 Motorway, total 24,480 sq ft across three detached office buildings.

Offering a secure total income of £235,677.50 per annum and a Net Initial Yield (NIY) of 8.52%, the buildings are 92.4% let to occupiers, including the new Merseyflow Toll operato, Emovis, as well as JBV Demolition and X Digital Media.

Two of the three buildings at Howard Court were refurbished in 2016 to provide high quality open plan accommodation, with further asset management opportunities for the prospective buyer to renovate building C and let its remaining 1,841 sq ft suite.

There are a total of 110 car parking spaces at Howard Court, at an attractive ratio of 1:223.

Please contact us for more information on 01244 408200.