Honeywell, North Road, Ellesmere Port, CH65 1AQ


Size
210,191 sq ft
Tenant
Novar ED&S Ltd (t/a Honeywell)
Value
£18,950,000
Yield
5.50% NIY & 7.01% RY
Capital value
£90 psf

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.


Request details

Please use the form below to make your enquiry. We typically respond within 24 hours.

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

Agents

Joe Sinclair

E: joe@b8re.com

T: 07545 989810

Simon Wood

E: simon@b8re.com

T: 07793 119210