Tornado 70, Speke and Amethyst Court, Preston

109,900 sq ft
Sainsbury’s Supermarkets Ltd

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.