Property description
Opportunity to purchase a significant IOS site, located in Widnes with excellent access to the M57, M62 and M6 motorways.
The property comprises a 17.30-acre site benefitting from 64,513 sq ft of comprehensively refurbished accommodation.
The property has been secured to Jaguar Land Rover by way of a 5-year outside of the act lease, which expires in 2031 and benefits from a Schedule of Condition.
The property has a low passing rent of £1,355,000 pa, which reflects £6.00 psf on the built accommodation and £67,500 per acre on the open storage land.
ERV of £1,527,091 pa, which reflects £7.00 psf on the built accommodation and £75,000 per acre on the open storage land.
The purchase price of £19,530,000 reflects a NIY of 6.50%, reversionary yield of 7.33% and a capital value of £1.13m per acre.
Agents
