Strategically located at the intersection of the A580 East Lancashire Road and Junction 23 of the M6 motorway.
Prominent position near the entrance to Haydock Industrial Estate close to large Sainsburys and Booker Wholesale regional distribution centres.
Let to The Book People Group Limited on a full repairing and insuring lease which expires on 24th March 2021.
Modern distribution unit providing a total Gross Internal Area of circa 81,921 sq ft (GIA).
Rent has recently been reviewed to £430,000 per annum which equates to a base rent of £4.75 per sq ft.
Significant area of land for expansion capable of extending the unit by up to
30,000 sq ft. The Book People have expressed an interest in an extension.
We are instructed to seek offers in excess of £5,375,000 (Five Million, Three Hundred and Seventy Five Thousand Pounds) subject to contract, which reflects a net initial yield of 7.50% after allowing for purchasers costs of 6.61%. A purchase at this level would show a low capital value of £65.60 psf.
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