Property Listing Details

commercial property - Investment portfolio

QUAD, Road Five Winsford Industrial Estate, CW7 3RB

  • 23-Oct-2024

£17,000,000

Property details

Description

Overview Revisionary multi-let industrial investment opportunity. Comprising 239,568 sq ft across 4 mid-box industrial units, on a site of 13.29 acres. Fully let to 4 tenants all rated 'Low' or 'Very Low Risk' by CreditSafe, with c.70% of the income secured against covenants considered 'Very Low Risk'. Low passing rent of £1,265,856 per annum reflecting an average of £5.28 psf, against a reversionary rent of £1,506,851 per annum / £6.29 psf. Freehold - Offers in excess of £17,000,000, which reflects a Net Initial Yield of 7.00% and a Reversionary Yield of 8.30%, after deducting purchasers costs of 6.74%. Features Comprising 239,568 sq ft across 4 mid-box industrial units On a site of 13.29 acres Fully let to 4 tenants all rated 'Low' or 'Very Low Risk' by CreditSafe Low passing rent of £1,265,856 per annum Units ranging from 43,184 sq ft - 71,226 sq ft

The Agent

Price history

23-Oct-2024 £17,000,000 First listed

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