< Back

Crest Medical, Units 1-4 Chesford Grange, Warrington WA1 4RQ

Reversionary, Prime Distribution Warehouse Investment Opportunity

Sold

slider nav image
slider nav image
slider nav image
slider nav image
slider nav image
slider nav image
slider nav image

Type: industrial

Floor Area (FT2): 101,182

Tenure: Freehold

Floor Area (M2): 9,400

Price: Offer in excess of £5.85m

Contact

Ken Morgan – agent
  • Ken Morgan
Phone Number:
020 7079 1953
email
Matt Hunter
  • Matt Hunter
Phone Number:
020 7079 1954
email
Sam Hume-Kendall
  • Sam Hume-Kendall
Phone Number:
020 3846 3105
email

• A well-located single let distribution unit situated within the popular and established Woolston Grange employment area.

• The property is strategically located with immediate access to junction 21 of the M6 motorway, providing access to the M62 and M56.

• Standalone distribution warehouse extending to 101,182 sq ft on a site area of 5.66 acres.

• Let to Crest Medical Ltd with an unexpired term of 5.6 years.

• Passing rent of £330,187 per annum, reflecting a low £3.25 per sq ft subject to review in July 2019.

• Estimated Rental Value of £455,320 pa (£4.50 psf) immediately available at July 2019 review.

• Freehold.

• Offers in excess of £5,850,000 (Five Million EightHundred and Fifty Thousand Pounds) 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.

Please download the PDF for further information.