Industrial investment with development potential
Situated on a rectangular plot on the popular Haydock Industrial Estate
Haydock is one of the premier industrial locations in the North West with excellent access to the M6 motorway
Property comprises of 8,281 sq ft (769.37 sq m) of warehouse accommodation on a site of 1.9 acres (10% site cover)
Let to Ardent Hire Solutions Limited (T: £52m, PTP: £4.2m, NW: £61m)
10-year FRI lease wef 14th June 2018
Current rent of £84,108 per annum (£4.50 psf on units and £33k per acre on site overage above 40% cover)
Fixed uplift to £86,581 per annum at expiry of 5th year
Significantly reversion in the open market to circa £100,000 (£4.50 psf on units and £45k per acre)
Freehold
Offers in excess of £1,200,000 (STC)
Attractive Net Initial Yield of 6.62% and a Reversionary Yield of 6.81% (in June 2023)
Investment value underpinned by industrial land values (£630k per acre - hardstanding, sewerage and power connected)
Higher value alternative use possible STP
Major road infrastructure improvements will improve the area further
