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Prime multi-let industrial investment

Manchester, United KingdomUnlock address

86%

£32.390.000

Industrial

#13850

Core+

2 Feb 2024

Property Details

Broker

For sale

211,283 sq.ft.

19,629 m²

Leasable area

153 £/sq.ft.

1,650 £/m²

4.30 %

4

Other

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Prime multi-let industrial investment strategically located within 3 miles of Junction 8 of the M60 orbital motorway, with easy access to the M6, M62 and M61 regional and national motorway network. Prominently situated fronting the A6144 (Manchester Road). Total floor area of approximately 211,283 sq ft, arranged in 6 units, ranging from 10,469 sq ft to 103,995 sq ft. Design-led architecture in a landscaped environment, combined with a Grade A specification. Let to a range of national and regional businesses within 11 months of practical completion. Total passing rent of £1,486,954.75 per annum, equating to a low average rent of £7.04 psf. Significant reversion with a total ERV of £1,731,354.75 per annum (£8.19 psf). Site area of 16.1 acres, representing a site density of approximately 30%. BREEAM rating ‘Very Good’ and EPC B. The property is held virtual freehold on a 999-year long leasehold interest at a rent of £100 per annum.