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Single Let Industrial Investment

Leigh, United KingdomUnlock address

87%

£10.310.000

Industrial

#12949

Core

2 Feb 2024

Property Details

Broker

For sale

97,728 sq.ft.

9,079 m²

Leasable area

105 £/sq.ft.

1,135 £/m²

6.00 %

Freehold

1

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

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