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17-21 Caddick Rd 30,321 sq ft Light Industrial Property Prescot L34 9HP £2,000,000 (£65.96/sq ft) 8% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 3 level access loading doors
- Office accommodation
- Concrete surfaced yard
EXECUTIVE SUMMARY
HQ industrial sale and leaseback investment in Knowsley, Merseyside. From completion the property will be let to Fluidpower Group UK Limited. 10 year lease term from completion. Initial rent of £171,640 per annum (£5.66 psf). 5 yearly upward only rent reviews to RPI annually compounded (1-3% collar and cap). Tenant option to determine on the anniversary of 5th year (subject to break penalty of 6 months rent). 9.27% Revisionary yield (2030).
PROPERTY FACTS
| Price | £2,000,000 | Costar Property Class | B |
| Price per sq ft | £65.96 | Total Plot Size | 1.47 ac |
| Sale Type | Investment | Net Internal Area (NIA) | 30,321 sq ft |
| Yield | 8% | No. Floors | 1 |
| Sale Condition | Sale Leaseback | Year Built | 1970 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Light Industrial | Parking Allocation | 0.26/1,000 sq ft |
| Property Subtype | Light Manufacturing | No. Drive In / Grade-Level Doors | 3 |
| Price | £2,000,000 |
| Price per sq ft | £65.96 |
| Sale Type | Investment |
| Yield | 8% |
| Sale Condition | Sale Leaseback |
| Tenure | Freehold |
| Property Type | Light Industrial |
| Property Subtype | Light Manufacturing |
| Costar Property Class | B |
| Total Plot Size | 1.47 ac |
| Net Internal Area (NIA) | 30,321 sq ft |
| No. Floors | 1 |
| Year Built | 1970 |
| Tenancy | Single |
| Parking Allocation | 0.26/1,000 sq ft |
| No. Drive In / Grade-Level Doors | 3 |
AMENITIES
- 24 Hour Access
- Fenced Lot
- Security System
- Yard
- Roller Shutters
- Storage Space
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17-21 Caddick Rd
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