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Value-add multi-let industrial estate

Manchester, United Kingdom

85%

£9.800.000

Industrial

#33737

Core+, Value-Add

2 Nov 2024

Property Details

Broker

For sale

172,234 sq.ft.

16,001 m²

TFA

56 £/sq.ft.

612 £/m²

7.50 %

10

Leasehold

190

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Multi let industrial estate providing a mix of light industrial, high bay warehousing, industrial open storage (IOS) and ancillary offices / retail units. Excellent transport connectivity being located approximately 1 mile from the M56 and 2 miles from the M60 Orbital Motorway. Current net rental income of £783,814 per annum (£4.55 psf). AWULT of 4.6 years to expiries (3.0 years to breaks). Estimated rental value of £1,171,301 per annum (£6.80 psf). The property is significantly under rented and presents an opportunity to access the full reversionary potential of the site through active asset management (subject to obtaining necessary planning consents).