Property description
Tornado 70, Liverpool International Business Park, Speke L24 8AD and Amethyst Court, South Rings, Preston PR5 6BZ
Opportunity to forward fund the acquisition of 2 newly constructed Sainsbury’s warehouse facilities, to be occupied by Argos. Excellent strategic locations within the North West region of England with a total floor area of 109,900 sq ft with Speke being 67,000 sq ft and Preston 42,900 sq ft.
Unbroken 15-year index linked leases to Sainsbury’s Supermarkets Ltd, one of Britain’s largest supermarket chains. Very low site density with Speke having 31% site cover and Preston 33%.
The purchase price of £18,045,000 reflects a NIY of 4.50% and a capital value of £164.00 per sq ft.
