- 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%.
