Howdens Joinery, Unit 1C, New Cut Lane, Lyon Industrial Estate, Warrington, WA1 4AG

Property description

Opportunity to purchase a refurbished, reversionary industrial trade unit, expertly located near Warrington town centre just 1.5 miles from J21 of the M6.

The property comprises an 11,638 sq ft end terrace industrial unit, with a new metal overclad roof installed in 2024.

The property has been secured for a further 10 years (no breaks) to Howdens, with a ‘day 1’ open market rent review on 14^th June 2025.

Under the current lease, Howdens are paying a very low rent of £4.40 psf. Based off our market knowledge, we have assumed an ERV of £10 psf.

The purchase price of £1,200,000 reflects a headline reversionary yield 9.15% and a low capital value of £103 psf.

What is 10 minus 5?

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Property of interest: Howdens Joinery, Unit 1C, New Cut Lane, Lyon Industrial Estate, Warrington, WA1 4AG

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