Trio of Warrington office buildings available for £2.5m

AGENTS at Knight Frank have been appointed to dispose of three office buildings at Mandarin Court in Warrington on behalf of Henderson Global Investors.

The properties come with a price tag of £2.5m but the owner may be prepared to listen to offers for each one individually.

Located within Warrington Centre Park, buildings two, four, and five at Mandarin Court are being marketed as an investment package.

They collectively produce a total annual rental of £305,455 per year.

The 6,066 sq ft building two is held by THQ Digital Studios UK for a rental term of five years which began in February 2010.

Building four, which measures 7,972 sq ft, is occupied by Latitude Digital Marketing on a 10-year lease which began in June 2010 and Cogent SSC occupies the 6,037 sq ft building five on a five-year lease which began in May 2011.

Each building is a detached two-storey office structure with car parking facilities.

Warrington Centre Park is located on the southern edge of Warrington town centre, close to the M56, M6 and M62 motorways.

Existing occupiers at Warrington Business Park include Bank of Scotland, New Balance, Torex, Group 4 Security, Countryside Homes and Rotary.

Steve Carrick, a partner at Knight Frank, said: “We are instructed to seek offers in excess of £2.5m which reflects an attractive net initial yield of 11.54%, after purchaser costs of 5.8%.

“These three buildings are being marketed as a package however our client may also consider offers for the buildings on an individual basis.”

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