INVESTMENT HIGHLIGHTS
- The logistics park comprises four well specified and detached units providing 390,259 sq ft with units
ranging from 74,018 sq ft to 163,014 sq ft. The property enjoys excellent location in an established and significant industrial area with good strategic transport communications.
- The property is fully let with secure covenants with rental terms ranging from 4 years to 10 years with WAULT of 7.5 years. All leases are on FRI terms. Ground leasehold of 150 years with 128 years remaining subject to a peppercorn rent.
- The property is located in Speke, approximately 7 miles (11 km) south east of Liverpool City Centre near the north bank of the River Mersey. The area is served by the A561 dual carriageway, which is the principle southern gateway into Liverpool, as well as providing access to junction 6 of the M62 (via the A562 and A5300) and junction 12 of the M56 (via the A533 and A557).
- Liverpool is the sixth largest city in the UK with a total regional population of 1,500,000 people and a resident labour force of approximately 1,000,000 people. The City is the commercial and administrative centre for the Merseyside region and is located 212 miles (340 km) north west of London, 98 miles (157 km) north west of Birmingham and 35 miles (55 km) west of Manchester.
- The sponsor is looking for offers in excess of £35,290,000. A purchase at this level reflects a net initial yield of 5.50% (assuming purchaser’s costs of 6.77% and a capital value of £90.43 per sq ft).
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