Parker Hannifin Manufacturing Ltd - Investment Opportunity

Glendale Avenue, Sandycroft Industrial Estate

Size: 42,270 SQ.FT.
on a site area of 2.04 acres

Key Features

• Located in an established industrial estate, 6 miles from the M56 Motorway
• Self-contained industrial / warehouse and office facility totalling approximately 42,270 sq ft (3,927 sq m)
• Site area of approximately 2.04 acres (0.83 hectares)
• Leased to Parker Hannifin Manufacturing Ltd who has a Dun & Bradstreet Rating of 5A1
• The tenant has extended their occupation by way of lease renewal for a period of 5 years commencing 4th February 2024 contracted inside the Security of Tenure Provisions of the LTA 1954
• Current annual rental of £253,620 per annum equates to a low passing rent of £6.00 per sq ft
• Potential estimated rental value of £8.00 per sq ft
• Offers are sought in excess of £3,000,000 (Three Million Pounds) subject to contract and exclusive of VAT
• A purchase at this level reflects a Net Initial Yield of 7.94%, after costs, which equates to £70 per sq ft