Single-let, very low site cover, logistics investment comprising 41,766 sq ft (GIA) warehouse, with two- storey ancillary offices, a vehicle workshop, HGV docking, and a large secure surfaced yard, on a self-contained 8.07 acre site. Strategically located on Leigh Business Park, adjacent the A580 (East Lancashire Road) and c. 4 miles from Junction 23 of the M6, in the established Manchester / Warrington logistics corridor. Low site cover of c. 13.4%, leaving a substantial surplus yard that underpins significant Industrial Outdoor Storage (IOS) value and long-term intensification / last-mile optionality. Let in its entirety to XPO Transport Solutions UK Limited on a full repairing and insuring lease, subject to a photographic Schedule of Condition. The tenant has recently committed to a new five-year term to 30 June 2031 at £570,000 per annum, stepping contractually to £625,000 per annum from 1 July 2027 with no rent-free period. Vendor to top up rent to £625,000 per annum from completion.
Tenant-only break at 1 July 2029 (six months’ notice); the lease is inside the Landlord & Tenant Act 1954. Strategic and intensively-used site, occupied by the tenant in excess of 25 years, which operates 24hrs Mon-Fri, and 9am-6pm on weekends. Asset includes on-site vehicle maintenance unit, one of two for XPO in the North-West.
Zusätzliche Informationen
Verkaufsprozess
Seeking offers in excess of £8,360,000 reflecting a net initial yield of 7.00% (after standard purchasers costs) with an estimated reversionary yield of 7.50% assuming our opinion of Market Rental Value.
Entwicklungsmöglichkeit
Part of the site, hatched in red on the site plan, is not demised to the occupational tenant and is therefore a value-add opportunity for the Landlord.
Übersicht der Mieter
The property is let in its entirety to XPO Transport Solutions UK Limited. XPO employ over 130 staff on this site and facilitate several large contracts from the facility including Porsche, Mercedes-Benz, and Coca-Cola.
