Investment Summary

Crossford Court, Dane Road, Sale M33 7BZ

  • Prominent office scheme on the corner of Cross Street (A56) and Dane Road
  • Adjacent to Junction 7 of the M60 Motorway
  • Flexible office space divided to provide a range of suites with a total NIA of 30,874 sq ft
  • Producing a total gross rent of £457,585 per annum off low base rents
  • Net income of £235,865 per annum
  • 75% let on short term basis
  • On a large site of 1.80 acres (0.73 ha) with a low site cover of just 28%
  • Suited to a residential scheme, subject to the necessary planning consents
  • Freehold
  • Seeking offers in the region of £3,350,000 reflecting a NIY of 12.85% after allowing for purchasers costs
  • Triple net yield of 6.61%
  • Low capital value of just £109 psf
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