Q103 - Investment Opportunity

Oldham Broadway Business Park, M60 Orbital

Size: 103,781 SQ.FT.

Key Features

• Prime fully refurbished modern distribution investment opportunity
• Strategic distribution location immediately adj to J20 & J21 M60 Motorway
• One of the premier distribution locations in the North West
• 103,781 sq ft on a 5.65 acre site
• Let on FRI terms to ADI-Gardiner Limited for 15 years from 1st Feb 2019 inc a break clause at year 10
• D&B Rating 4A1
• Passing rent of £518,905 pa reflecting a low rent of £5.00 per sq ft
• Reversionary ERV of £5.65 per sq ft
• Offers are south in excess of £9,625,000 subject to contract and exclusive of VAT, assuming purchaser’s costs of 6.69%
• Attractive Net Initial Yield of 5.25%
• Low capital value of £89 per sq ft