4 prime single let warehouse investments in Salford, Greater Manchester
Well located within the Salford Quays industrial area, just 2 miles west of Manchester city centre and 0.5 miles from MediaCity UK
Easy access to both the A57 ring road and M602
Total of 4 units extending to a total of 23,506 sq ft, each with a large demised yard
Fully let to four tenants
Total net rent of £112,250 per annum (£4.77 psf)
71% of income secured to covenants with a 'Very Low Risk' Creditsafe rating
Tenants include Sky and Nurpharm
Estimated net rental value of £137,492 per annum, (£5.85 psf)
WAULT of 8.96 years to break and 3.58 years to expiry
3 Freehold units, 1 long leasehold (125 years wef 25th March 1985 at £7,500 per annum)
Offers in excess of £1,500,000 (Subject to Contract)
Net Initial Yield psf 7.05% (rising to 7.35% with contractual management charges)
Reversionary Yield of 8.64% (rising to 8.98% with contractual management charges)
Low Capital Value of £64 psf
