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Swan Lane Industrial Estate 1 Swan Ln 287,763 sq ft 100% Let Industrial Property Wigan WN2 4AR £14,310,000 (£49.73/sq ft) 8.50% Net Initial Yield
Investment Highlights
- Multi-let estate in the established Hindley Green industrial area of Wigan
- Very low capital value of only £49 per sq ft - reflecting a highly attractive net initial yield of 8.50%
- Total of 294,098 sq ft on a 14.41 acre site
Executive Summary
Savills are instructed to market Swan Lane Industrial Estate, a multi-let estate in the established Hindley Green industrial area of Wigan.
The property provides a total of 294,098 sq ft on a 14.41 acre site. The scheme is fully let to three tenants producing a net income of £1,298,175 per annum. Open market rent review provides the opportunity to capture reversion, with a further 0.5 acres of surplus land suitable for open storage use, providing an immediate opportunity to drive the running yield.
The vendor is seeking offers in excess of £14,310,000 - a very low capital value of only £49 per sq ft - reflecting a highly attractive net initial yield of 8.50% and a reversionary yield of 10.70%.
The property provides a total of 294,098 sq ft on a 14.41 acre site. The scheme is fully let to three tenants producing a net income of £1,298,175 per annum. Open market rent review provides the opportunity to capture reversion, with a further 0.5 acres of surplus land suitable for open storage use, providing an immediate opportunity to drive the running yield.
The vendor is seeking offers in excess of £14,310,000 - a very low capital value of only £49 per sq ft - reflecting a highly attractive net initial yield of 8.50% and a reversionary yield of 10.70%.
Property Facts
| Price | £14,310,000 | Total Plot Size | 13.43 ac |
| Price per sq ft | £49.73 | Net Internal Area (NIA) | 287,763 sq ft |
| Sale Type | Investment | No. Floors | 2 |
| Yield | 8.50% | Year Built | 1989 |
| Tenure | Freehold | Parking Allocation | 0.25/1,000 sq ft |
| Property Type | Industrial | Eaves Height | 19 ft (5.79 m) |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 8 |
| Costar Property Class | C |
| Price | £14,310,000 |
| Price per sq ft | £49.73 |
| Sale Type | Investment |
| Yield | 8.50% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | C |
| Total Plot Size | 13.43 ac |
| Net Internal Area (NIA) | 287,763 sq ft |
| No. Floors | 2 |
| Year Built | 1989 |
| Parking Allocation | 0.25/1,000 sq ft |
| Eaves Height | 19 ft (5.79 m) |
| No. Drive In / Grade-Level Doors | 8 |
Amenities
- Fenced Lot
- Security System
- Signage
- Wheelchair Accessible
- Yard
- Reception
- Roller Shutters
- Storage Space
- Air Conditioning
- On-Site Security Staff
Utilities
- Lighting
- Gas - Natural
- Water
- Sewer
- Heating
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Swan Lane Industrial Estate | 1 Swan Ln
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