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Well Let Industrial Investment, Howard Basford, Guardian Street, Warrington, WA5 1SJ
13,631 Sq Ft / Industrial
Withdrawn - Last updated: 17 December 2021
- Excellent location just off the A57 and within close proximity to the wider transport network.
- Freehold industrial unit (13,631 sq ft) used as a car repair centre with large yard area which is let to the NHS and used for additional car parking.
- Very low site coverage of 13.43% allowing for potential future development.
- Part let to Howard Basford Limited who are a wholly owned subsidiary of Nationwide Accident Repair Services Plc.
- Part let to Warrington and Halton NHS Foundation Trust.
- 9.5 years unexpired (6.5 years to break) to Howard Basford.
- A year unexpired to the NHS (a further 5 year term agreed in principal on the same terms).
- Total income of £113,000 per annum.
- Offers in excess of £1,125,000 (One Million One Hundred and Twenty Five Thousand Pounds), subject to contract and exclusive of VAT.
- Attractive net initial yield of 9.49% assuming acquisition costs of 5.80%.
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