Prominently located fronting Road One, in the established Winsford Industrial Estate.
Highly sought-after location, reflected by the outstanding tenant line up, including Toolstation, Screwfix, British Red Cross and Gemco amongst others.
Comprising 124,487 sq ft across 13 well-specified units, built to a Grade A standard.
Built to a high specification including 8-10m eaves, generous concrete yards and parking areas, and electric roller shutter doors.
Let to 7 tenants (83% occupancy) - 3 units currently vacant but with excellent interest.
Passing rent of £1,016,673 per annum (£6.75 to £10.50 per sq ft) of which 23% is subject to uncapped RPI rent reviews.
Conservative ERV of £1,129,741 per annum (£8.25 to £10.50 per sq ft).
Weighted Average Unexpired Lease Term (WAULT) of 13.57 years to expiry and 9.74 years to break.
Total site area of approximately 6.66 acres providing a low site density of 43%.
Freehold.
Seeking offers in excess of £21,165,000 (Twenty One Million One Hundred and Sixty Five Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 4.50% (assuming purchaser's costs at 6.75%), reversionary yield of 5.00% and a capital value of £170 per sq ft.
