Sale is a popular and affluent town within the South Manchester Borough of Trafford and is an important administrative and commuter centre.
Sale is located approximately 5 miles south west of Manchester city centre and benefits from excellent road communications being situated on the A56 (Washway Road). The A56 provides the main link between Manchester city centre and Altrincham, allowing for convenient access to South Manchester. Crossford Court is located less than 1 km south of Junction 7 of the M60 Manchester Orbital Motorway.
Dane Road Metrolink station is located less than 300m to the east of Crossford Court. The Metrolink is the UK's largest light rail network, with 93 stops across seven lines. Approximately 7.2 million miles are 'clocked up' across the network each year, which currently caters for more than 41m journeys per annum across the North West. Journey time from Dane Road to Manchester city centre is less than 15 minutes, whilst Manchester International Airport is within a 15 minute drive time.
The property is wholly let to Shred-it Limited on new reversionary FRI lease from 21/12/2018, subject to 5 year upward only rent review.
The current rent is £187,250 per annum, which reflects £15.98 psf, and is at a considerable discount to prime South Manchester office rents, which now stand at £25 psf headline.
Shred-it received a 7 month rent free incentive which will be topped up by the vendor.
Shred-it is the UK's leading information security company, providing data protection advice and secure shredding and recycling services to organisations of all sizes in the private, public and third sectors.
Shred-it has a range of services that include document shredding and hard drive destruction to meet the daily or occasional needs to safely dispose of unwanted or outdated confidential waste.
In 2014, Shred-it merged with Cintas Document Shredding, to create a new company that operates under the Shred-it name. Shred-it now employs more than 5,000 associates, and operates a fleet of over 2,000 trucks. In 2015, Shred-it was acquired by Stericycle and is now a wholly owned subsidiary. Operating for over 25 years, Shred-it continues to focus on delivering solutions to meet the ongoing needs of a diverse customer base, while helping them comply with stringent privacy laws.
Over 170 service centres across the United Kingdom and around the world.
Shred-it is a division of Stericycle, a global business-to-business services company, serving more than 500,000 customers around the world. The core business of secure document destruction services remains the second largest proportion of the Stericycle, Inc business.
Shred-It Limited has a D&B rating of 5A1.
Offers over £2,200,000 (Two Million Two Hundred Thousand Pounds) which reflects an attractive net initial yield of 8.00%, after purchaser's costs of 6.65%. Subject to contract and exclusive of VAT.