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Property for sale

Former Irlam Council Offices, Astley Road, Irlam

Property summary
Region: Salford
Property Type: Other
Floor Area Sq Ft: 1,000 plus

Investment summary

Property details

We are instructed to seek offers and expressions of interest in this former council office building on behalf of Salford City Council. The property presents a residential redevelopment opportunity (subject to planning), located in an established residential area, close to retail facilities, schools, railway station and local amenities.

The property comprises a single storey timber framed office building, with a net internal floor area of around 10,332 sq ft (960 sq m), standing on a roughly level site of approximately 1.97 acres (8,000 sq m).

Local and regional roads together with rail links are easily accessible. The M6 is within 10 minutes, the M60, M56 and M62 are within 15 minutes. Future infrastructure improvements are progressing associated with Peel Holdings’ Port Salford development on the Manchester Ship Canal.

The area has a strong employment base; TalkTalk is a major local employer, the Northbank Industrial Park is home to leading National and International Companies and high-tech enterprises. Future opportunities from the Port Salford development are progressing.

Lease

The property is offered by way of a 250 year leasehold interest at a ground rent of £1 for sale by way of premium. The lease will include specific obligations including timescales for the delivery of the proposals to ensure that the redevelopment aspirations of the Council and its partners are upheld. Such obligations will be strictly managed with step-in/forfeiture provisions if not adhered to.

Interested Parties and Offers

Expressions of Interest and Offers from interested parties should be received at this office no later than 12:00 noon on Friday 29th May 2015. In order to support and assess all bids received, interested parties are asked to provide:

·       Indicative proposals for the property.

·       A financial offer of a premium payment to purchase the long leasehold interest together with evidence of available finance.

·       Evidence of experience of comparable projects.

·       Indicative timescales for completion of site acquisition and, if appropriate an outline project programme.

The vendor reserves the right not to accept the highest, or any, offer made.


Contact

To arrange a viewing of the property or if you require further details contact:

Mark Dauncey MRICS

Tel: 0161 779 6091

Email: mark.dauncey@urbanvision.org.uk