J9 M62, Warrington, WA2 9UH
Tenant: AAH Pharmaceuticals Limited
Size: 150,498 sq ft
Value: £12,445,000
Yield: 6.00%
A prime detached distribution unit situated immediately adjacent to J9 of the M62 Motorway in the prime industrial area of WInwick Quay, Warrington. The property is secured to the undoubted covenant of AAH Pharmaceuticals Ltd (D&B Rating 5A 1) with an unexpired term if 15.5 years.
The rent will be topped up to the Jun 2016 passing rent of £790,083 per annum (£5.25 per sq ft), subject to 5 yearly rent reviews. The June 2021 uplift is to the greater of OMR or the annual compounded increase in the RPI index.
