Transpennine Trading Estate, Gorrells Way, Rochdale, OL11 2PX
An established self-contained industrial estate comprising 174,569 sq ft across 16 units. The property occupies a key strategic location, forming part of the M62 Transpennine Motorway Corridor with excellent access to Manchester City Centre.
The property is fully let to 9 different tenants and produces a total income of £579,262 per annum, with passing rents ranging from just £2.39 - £4.15 per sq ft. The AWULT is 4.25 years to expiry (2.7 years to breaks), with no single tenant accounting for more than 27% of the total income.
The purchase price offers a potential reversionary yield of 9.15% and reflects a low capital value of £37.72 per sq ft.