Plasto-Sac, 3 Grimrod Place, East Gilibrands Industrial Estate, J4 M58, WN8 9UU

Property description

Opportunity to purchase a strategically located, single let industrial sale & leaseback investment opportunity. The property is situated in a well-established industrial location in Gilibrands Industrial Estate, Skelmersdale.

The property comprises an 44,622 sq ft detached industrial unit, with 2 storey office space. The property also benefits from a metal roof, 3 dock level loading doors, 1 level access loading door, and an extensive concrete service yard. The total site area is 2.24 acres (0.91 hectares).

The property is available by a new 5 year FRI leaseback to Plasto-Sac UK Limited, a leading manufacturer and supplier of food packaging solutions, with an emphasis on sustainability.

There will be a conservative headline rent of £256,577 pa, representing just £5.75 psf.

The purchase price of £2,560,000 reflects a net initial yield of 9.00% and a low capital value of £103psf.

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Property of interest: Plasto-Sac, 3 Grimrod Place, East Gilibrands Industrial Estate, J4 M58, WN8 9UU

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