29 May 2019
Reversionary, prime distribution warehouse investment opportunity
Aston Rose is delighted to bring to the market a well-located, single let distribution unit in Warrington.
The property, a standalone distribution warehouse, is situated within the popular and established Woolston Grange area, benefiting from immediate access to the M6. It comprises 101,182 sq ft on a site area of 5.66 acres.
The passing rent is £330,187 per annum, reflecting a low £3.25 per sq ft, subject to review in July 2019.
Offers are invited in excess of £5,850,000 for our client’s Freehold interest in the property (subject to contract and exclusive of VAT). A purchase at this level reflects a net initial yield of 5.3%, with an immediate reversion to 7.3% in July 2019, after standard purchaser’s costs at 6.62% and a very low capital value of £57.82 per sq ft.Back