EDDIE STOBART HQ, STRETTON GREEN DISTRIBUTION PARK, LANGFORD WAY, APPLETON, WARRINGTON WA4 4TZ
Prime freehold distribution investment.
- Distribution HQ adjoining the M56.
- Established location in Warrington on the Stretton Green Distribution Park.
- Warehouse, office and distribution yard totalling 164,048 sq ft (GIA).
- Site of approximately 17.59 acres, providing a low site cover of just 20%.
- Includes land for future expansion.
- Let to Eddie Stobart Ltd with a guarantee from the Stobart Group Ltd.
- 15 years unexpired term with fixed annual uplifts.
- The current rents passing totals £1,213,292 pa which equates to £4.55 psf on the warehouse element.
- Offers sought in excess of £21,650,000, subject to contract and exclusive of VAT.
- A purchase at this level would produce a net initial yield of 5.25%, assuming purchase costs of 6.75%.