Property description
Opportunity to purchase a significant distribution facility in Chorley, with 10 years terms certain. The property is strategically located in the heart of the North West motorway network, adjacent to the M6 and M61.
The site comprises a 112,206 sq ft industrial unit with 2 storey office space, on a substantial site of 8.10 acres. This equates to a low site density of 32%.
The property has been comprehensively refurbished in 2025, benefitting from a steel portal frame, 6m eaves, 6 new level access loading doors, fully refurbished office space, EV charging, 3.2 MVA power supply, and significant concrete yard areas.
The property has been secured to Group55 Limited on a new year 15-year lease, with a tenant break option in the 10th year. The current passing rent is only £733,235 pa (£6.53 psf), the rent is to be reviewed five yearly to the higher of OMRV or the annual compounded increase in CPI + 1% (3% & 5%). We believe there is an ERV of £813,494 pa (£7.25 psf).
The purchase price of £8,600,000 represents a Net Initial Yield of 8.00%, Reversionary Yield of 8.87%, and a low capital value of £70 psf.
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