High yielding reversionary industrial investment
Located on established Huyton Business park
Two detached, well specified industrial units
Large site of 6.47 acres
Unit 1 - 92,117 sq ft & Unit 6 - 31,272 sq ft (total of 123,389 sq ft)
Unit 1 secured to undoubted covenant of City and St James Property Holidings Limited with 3.5 years unexpired
Unit 6 let to established covenant of Locker Freight Limited until April 2019
Total rental income of £282,690 per annum (£2.48 psf and £1.73 psf on Units 1 & 6 respectively)
Total estimated rental value of £370,617 (£3.00 psf)
Freehold
Offers in excess of £3,500,000
Net initial yield of 7.59%
Reversionary yield of 9.95%
Low capital value of £28 psf
