- Established industrial location less than 2 miles to Junction 25 of M62 Motorway
- Modern freehold logistics warehouse totalling 175,211 sq ft with excellent eaves height of 12.9m
- 14 dock level access loading doors
- 7.69 acre site providing a low site density of 31.5%
- Let to Mamas and Papas (Holdings) Ltd until May 2029
- Circa 7.5 years unbroken income
- Mamas and Papas global HQ and sole distribution centre
- Very low passing rent of £531,320 per annum equating to £3.03 per sq ft overall
- RPI review in May 2025, with a minimum uplift of 1.5% pa and maximum uplift of 3.5% pa
- Forecasted rent in May 2025 will be £587,000 per annum
- Reversionary ERV of £752,223 (£4.29 psf)
- We are instructed to seek offers in excess of £8,300,000 (Eight Million Three Hundred Thousand Pounds) subject to contract and exclusive of VAT.
- A purchase at this level would reflect a Net Initial Yield of 6.00% (allowing for purchaser’s costs of 6.67%) and a low capital value of £47 per sq ft.
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