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

Reversionary, Prime Distribution Warehouse Investment Opportunity

Sold

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.