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Trafford Park Road, Trafford Park, Manchester M17 1NJ

Reversionary Single-Let Industrial Warehouse Investment Opportunity

Sold

Type: industrial

Floor Area (FT2): 42,511

Tenure: Freehold

Floor Area (M2): 3,949

Price: Offers in excess of £2.985m

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 industrial/logistics unit situated within Trafford Park, just 4.5 miles from Manchester City centre.

• The property is strategically located 1.8 miles from J2 of the M602 and the Trafford Park Freight Terminal, with Manchester International Airport 14 minutes away.

• Standalone single-let industrial/logistics warehouse extending to 42,511 sq ft.

• FRI 15 year lease with a remaining unexpired term of 2.1 years.

• Low passing rent of £182,700 pa, reflecting a low rent of £4.30 per sq ft.

• ERV of £5.50 per sq ft, equating to a total ERV of £233,810 pa.

• Freehold.

• Offers in excess of £2,985,000 (Two Million Nine Hundred and Eighty Five 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 5.75% with a reversionary yield of 7.36% and an equivalent yield of 7.12% after standard purchaser’s costs of 6.45%.

• Low capital value of £70.22 per sq ft.

Please download the PDF for further information.