A freehold warehouse constructed in 1990 of steel portal frame construction with profile metal sheet clad elevations. To the front there is a steel framed canopy covering six electrically operated, full height roller shutter doors. To the front and side elevations there is two storey office accommodation. The service yard has access roads at either end of the site. There is parking for approximately 79 vehicles. The building area is 70,116 sq ft and the site area is 4.71 acres, giving a site coverage ratio of 34%. An extension of approx. 10,000 sq ft can be accommodated.
Gemini Business Park lies to the north of Warrington town centre very close to junction 8 of the M62 motorway and to the A49 dual carriageway. This unit is adjacent to a major M&S retail store on the east side, and to Apollo Park on the west side which is a new mixed use development including hotel and A3 uses.
Let to an international electrical wholesaler. The lease expires in 2020.
Structure
The property is part of the Scarlet Portfolio. See ‘Scarlet Portfolio’ section for further details.
Asset Management/Value-Add
Programme of tree removal to facilitate future development possibilities.
Potential for change of use to retail being explored.
Successfully negotiated 5 year lease extension to 2020 at a higher rent.
