Unit 16, Glebe Road, Skelmersdale, Lancashire, WN8 9JP
9,682 sq ft (899.49 sq m)
For Sale: £748,500.00 Freehold
Description
The investment property comprises a semi-detached warehouse unit that has undergone a comprehensive refurbishment. It is of a steel frame construction with part brick elevations incorporating glazed windows beneath a flat profile metal roof.
The property provides the following specification -
4.9 m eaves
Full height surface loading doors
Dedicated loading and parking areas
Ancillary offices, kitchen and w/c facilities
200 kva power supply
Surface mounted gas hot air blowers
The property is let on a new 10-year full repairing and insuring lease from 01/04/2022 with a 5-year break let to Multipack Logistics Limited (09012252).
The current rental is £53,251 pa (£5.50 psf) and is subject to 5-year upwards only rent reviews to market value. The tenant was given a 3-month incentive.
The lease is guaranteed by Multipack Foods Limited (09803499). A £25,000 (c. 6 months) rental deposit is also provided by the tenant.
- Semi detached warehouse unit
- Freehold - Investment
- Sale Price - £748,500
- 4.9m eaves
Tenure Comments
We are instructed to seek offers in excess of £748,500which reflects a highly attractive net initial yield of 6.75%, assuming standard purchase costs of 5.40%
A purchase at this level would reflect an attractive capital value of only £77.31 psf
Energy Performance Certificate
An energy performance certificate is available on request.
Rateable Value
Interested parties are requested to contact the local authority.
Further Information
Please contact the sole agents, LM6
Legal Costs
Each party to responsible for their own costs in relation to any transaction.
VAT
VAT will be payable at the prevailing rate.