Tenant: Proline Engineering
Size: 37.311 sq ft
Value: £2,445,000
Yield: 5.00%
Capital Value: £65.53 psf
An excellent opportunity to acquire a highly reversionary, detached industrial warehouse on a large 2.98 acre site. The property is located on the highly sought after Wardley Industrial Estate, just 5 miles west of Manchester City Centre and adjacent to Junction 14 of the M60 motorway.
The property is let to Proline Engineering Limited on a lease expiring April 2023 (subject to a tenant break option). The passing rent is very low at £130,000 pa (£3.48 psf), offering significant scope for reversion.
