Multi-let office investment in Wigan extending to 30,734 sq ft over four floors situated on a 1.72 acre site.
Four tenants in occupation with a WAULT to expiry of 4.61 years and 2.01 years to break.
The property benefits from 120 car parking spaces including 8 disabled spaces, providing an excellent car parking ratio of 1:256 per sq ft.
Passing rent of £392,096 pa with the inclusion of a 1-year rental guarantee on the vacant office suite.
The property is 95% occupied providing the opportunity to further drive value with the letting of the remaining suite.
Offers are sought in excess of £3,200,000, subject to contract and exclusive of VAT.
A purchase at this level reflects an attractive net initial yield of 11.50% and a low capital value of £104 psf assuming acquisition costs of 6.50%.
