Units A, C & D Kingsway Business Park

Rochdale, Greater Manchester OL16 4UG
Multi-let distribution opportunity with unrivalled connections to the key northern powerhouse cities.
  • Rare opportunity to acquire a modern mid box investment in the heart of the North West.
  • Kingsway Business Park is one of the UK’s best located business parks benefitting from excellent motorway connections with direct access to the M62.
  • The property is situated on a site area extending to 9.05 acres (3.66 hectares) providing a low site coverage of 40%.
  • Three purpose-built modern detached units providing a total Gross Internal Area of 166,152 sq ft (15,436 sq m).
  • Let to undoubted tenant covenant profiles with Creditsafe rating scores between 56B – 99A.
  • WAULT of approximately 5.47 years to break and 9.06 years to expiries.
  • Current passing rent of £1,218,206 per annum reflecting a low average passing rent of £7.33 per sq. ft.
  • Strong ESG credentials with all units being EPC B and BREEAM ‘Very Good’.
  • Freehold.

Offers are invited in excess of £19,000,000 subject to contract and exclusive of VAT.

A purchase at this level would reflect a Net Initial Yield of 6.00% and a capital value of £114 per sq ft, after assuming purchaser’s costs of 6.75%.

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