Single Let Industrial Investment

Opportunity to acquire a single let industrial warehouse within Greater Manchester. A newly refurbished warehouse extending to 97,728 sqft on a total site area of 4+ acres. Let on a new FR&I 15 year inflation-linked lease. 5 yearly upward only rental uplifts to the RPI (Retail Price Index), with annual collar and caps of 1% and 4% compounded. The building is the HQ and production facility, it was comprehensively refurbished at a cost of £4,000,000 in 2019. The tenant has spent £7,000,000 on the fit out of the unit including plant and machinery. Power capacity 7,500 KVA (subject to availability). Initial passing rent of £660,000 per annum, reflecting a rent of £6.75 psf