Trafford Park Road, Trafford Park, Manchester M17 1NJ
Reversionary Single-Let Industrial Warehouse Investment Opportunity
• 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.
• 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.