Industrial & Logistics

Unit 2, Fifth Avenue, Tameside Park, Dukinfield, Manchester, SK16 4PP

Unit 2 Fifth Avenue Dukinfield, United Kingdom SK16 4PP
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Reference Number 200004402452
Building Area

Property Description

The property comprises a detached industrial unit, incorporating integral

two storey offices, of steel portal frame construction, incorporating profile

metal clad elevations and roof. It was developed in 1997.

Investment Highlights

  • Prime industrial investment opportunity.
  • Located 7 miles east of Manchester City Centre, within 2 miles of both Junction 23 of the M60 and Junction 1A of the M67.
  • Situated in a prominent position, at the entrance to Tameside Park.
  • Modern self-contained unit, built to a high specification, comprising approximately 114,989 sq ft (10,682.74 sq m).
  • Site area of 3.01 h (7.45 acres) providing a low site coverage of 35%.
  • Fully let to Ritrama (U.K.) Limited who provide a strong covenant (D&B rating of 3A2). 16 year lease with effect from 1st April 2014 and expiring on 31st March 2030, providing an unexpired term of circa 9 years.
  • Total rent of £488,750 per annum, equating to a low overall rate of £4.25 per sq ft.
  • Future rent reviews in 2024 and 2029, subject to capped 15% OMV increases.
  • Significant reversion, with an ERV of £632,439 per annum, equating to £5.50 psf.
  • Freehold.
  • We are instructed to seek offers in excess of £8,180,000 (Eight Million, One Hundred and Eighty Thousand Pounds) subject to contract and exclusive of VAT.
  • Low capital value of approximately £71 psf.
  • A purchase at this level reflects an initial yield of 5.60% and an ultimate reversionary yield of 7.25%, after the deduction of purchasers costs of 6.67%.
Last Updated Date: 05 Apr 2021
Edward Blood
Edward Blood
Director - Capital Markets
Andrew Rands
Andrew Rands
Associate - Capital Markets

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Last Updated Date: 05 Apr 2021

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