Instructions

EDDIE STOBART HQ, STRETTON GREEN DISTRIBUTION PARK, LANGFORD WAY, APPLETON, WARRINGTON WA4 4TZ

SOLD

Details:

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.
  • Freehold.
  • 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%.

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