Modern High Bay Distribution Warehouse Investment

Strategic location between Junction 8 of the M61 motorway and Junction 28 of the M6 motorway, 7.5 miles south of Preston and 26 miles north of Manchester city centre. Single let until 2035 providing an unexpired lease term of 10.1 years. Current passing rent of £800,000 per annum reflecting a low rate of £3.85 per sq ft increasing to £1,058,000 per annum (£5.10 per sq ft) from June 2025. The property is held long leasehold for 999 years from June 2004 (3003) on a peppercorn rent. Modern high-bay distribution warehouse, constructed in 2005, extending to approximately 207,554 sq ft (GIA). The property benefits from an eaves height of 17.25 meters and includes 110,115 sq ft of mezzanine accommodation arranged over three floors. The building serves as the national distribution centre supporting over 130 stores in the UK and the company has intentions to open an additional 20 stores in 2025.