Honeywell, North Road, Ellesmere Port, CH65 1AQ

Property description

Opportunity to acquire a modern highly reversionary cross docked distribution warehouse investment opportunity.

 The property is let to an outstanding covenant, (with a Barclays Bank guarantee) and has 5.94 years to expiry.

 The property comprises a 210,191 sq ft unit at a very low passing rent of £1,112,585 pa (£5.29 psf) with a reversionary rent of £1,418,789 pa (£6.75 psf)

 There is an open market rent review on 7th November 2024.

 The purchase price of £18.95M reflects a NIY of 5.50%, RY of 7.01% and a low CV of £90 psf.

What is 5 minus 5?

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Property of interest: Honeywell, North Road, Ellesmere Port, CH65 1AQ

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