£11.350.000
Confirmation
New build trade park (forward purchase)
Carnforth, United Kingdom
82%
Industrial
#33875
Core
29 Oct 2024
Property Details
Broker
For sale
59,000 sq.ft.
5,481 m²Leasable area
192 £/sq.ft.
2,070 £/m²6.25 %
5
Freehold
X
Fees
Investment Overview
Prominently located adjacent to Junction 35 of the M6 Motorway. Comprises 59,000 sqft across 5 high specification, new build units. Four of five units pre-let to strong tenants with the vacant unit currently generating high levels of interest. Passing rent on completion of £758,750pa. Total site area of 6.1 acres showing a low site density of just 22.2%. New 20-year leases on 58% of the income. Pre-let AWULT of 18.3 years to expiry. Practical completion due September 2024.
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