Q103 - Investment Opportunity

Oldham Broadway Business Park, M60 Orbital

Size: 103,781 SQ.FT.

Key Features

  • Prime fully refurbished modern distribution investment opportunity
  • Strategic distribution location immediately adj to J20 & J21 M60 Motorway
  • One of the premier distribution locations in the North West
  • 103,781 sq ft on a 5.65 acre site
  • Let on FRI terms to ADI-Gardiner Limited for 15 years from 1st Feb 2019 inc a break clause at year 10
  • D&B Rating 4A1
  • Passing rent of £518,905 pa reflecting a low rent of £5.00 per sq ft
  • Reversionary ERV of £5.65 per sq ft
  • Offers are south in excess of £9,625,000 subject to contract and exclusive of VAT, assuming purchaser’s costs of 6.69%
  • Attractive Net Initial Yield of 5.25%
  • Low capital value of £89 per sq ft