Rare opportunity to acquire a prime trinodal distribution facility (with appropriate consents)
100% prime location within easy reach of Manchester city centre, MediaCity and the wider North West via the M602 and M60 motorway networks
An extensive site of 3.12 acres (1.26 hectares) fronting Pacific Way and with access from the Manchester Ship Canal where freight is bought to the site
The site is used for the storage and distribution of dry cement products, effectively supplying batching plants
Let to Tarmac Cement and Lime Limited (t/a Premier Cement) with a Dunn & Bradsheet Rating of 5A1.
Tarmac Cement and Lime Ltd are part of the CRH Group Plc who reported an EBITDA of $5.6bn in 2022
New 10 year lease commencing 4th December 2023
Total passing rent of £226,000 pa
Year 5 rent review calculated in line with uncapped RPI
Longer term redevelopment potential
Freehold
We are instructed to seek offers in excess of £3,750,000 (Three Million, Seven Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT
A purchase at this level provides an attractive net initial yield of 5.65%, assuming purchaser's costs of 6.56%
