The Book People, Point 23 Millfield Lane, Haydock

The Book People, Point 23 Millfield Lane, Haydock

  • 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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