Unit 1A, Fourth Avenue, The Village, Trafford Park, Manchester, M17 1DB
Fourth Avenue, Manchester, M17 1DB bb
Tenure
For Sale
Type
Investment - Industrial/Logistics
Price
Offers in Excess Of £2,460,000
Size
12,837 Sq Ft
Ref No
9688
Property Highlights
A rare opportunity to acquire a prime detached single let industrial investment situated in the heart of Trafford Park, Manchester.
100% prime location, within 'The Village', Trafford Park and with immediate access to key arterial routes.
Comprising a modern, detached 12,837 sq ft industrial warehouse on a significant 1.00-acre site.
Very low site cover of 29%.
Let to Hermes Parcelnet Limited (t/a Evri) on a straight 6-year FRI lease, expiring June 2028.
Outstanding covenant with a 5A2 Dun & Bradstreet rating (tangible net worth £129,000,000).
Passing rent of £117,677 pa (£9.50 per sq ft).
Freehold.
Seeking offers in excess of £2,460,000 (Two Million Four Hundred and Sixty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level provides an attractive net initial yield of 4.50%, (assuming purchasers costs of 6.37%).
Overview
PRIME SINGLE LET INDUSTRIAL INVESTMENT OPPORTUNITY