High Yield Manufacturing Investment Opportunity, Unit 2 Heasandford Industrial Estate, Widow Hill R, Burnley, BB10 2TQ

- We are delighted to offer a high yielding warehouse investment which benefits from secure income but also offering asset management opportunities.
- The warehouse is 143,177 sq ft on a site of 5.6 acres which was comprehensively refurbished in 2008 by the sub tenant (Aircelle) who spent over £2.5m.
- Let to Smurfit Kappa UK Limited (D&B 5A1) expiring 2017 at £448,934 (£3.15 pa sq ft).
- The property has been sub-let to Aircelle Limited who also owns / occupies the adjoining warehouses.
- The subject property forms part of a substantial complex and UK HQ of c. 500,000 sq ft, occupied by Aircelle as a single facility employing over 700 people.
- The sublease is let outside the 1954 Act and therefore the tenant has no right to renew.
- Aircelle (sub-tenant) have requested landlords consent to take an assignment of the Smurfit Kappa lease which we believe demonstrates their long term commitment to the site.
- Offers in excess of £4,240,000 (Four Million, Two Hundred and Forty Thousand Pounds) reflecting a net initial yield of 10% net of purchaser costs at 5.8%.