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Grove Mill Todmorden Rd 89,898 sq ft Light Industrial Property Bacup OL13 9EF £6,530,000 (£72.64/sq ft) 7.50% Net Initial Yield
Investment Highlights
- Head Quarter Building occupied by Orthoplastics Limited for over 30 years
- The building has an EPC 'A' Rating
- Let to an excellent tenant in Orthoplastics Limited (D&B 4A1) with guarantee from Viant Medical Inc.
- Fully refurbished in 2014 at a cost of £3,500,000
- Property provides 82,409 sq ft on a site of 2.6 acres
- The tenant is a world leader in their sector being one of only two suppliers in the industry
Executive Summary
Investment opportunity which provides the UK Headquarter for Orthoplastics Limited. A mission critical facility occupied by the company for over 30 years and which was refurbished in 2014 at a cost of £3,500,000. Offers in excess of £6,530,000 (Six Million, Five Hundred and Thirty Thousand Pounds) which reflects an attractive net initial yield of 7.50%, net of purchaser’s costs of 6.64%.
Property Facts
| Price | £6,530,000 | Costar Property Class | B |
| Price per sq ft | £72.64 | Total Plot Size | 2.60 ac |
| Sale Type | Investment | Net Internal Area (NIA) | 89,898 sq ft |
| Yield | 7.50% | No. Floors | 7 |
| Tenure | Freehold/Long Leasehold | Year Built/Renovated | 1995/2014 |
| Property Type | Light Industrial | Tenancy | Single |
| Property Subtype | Light Manufacturing | Parking Allocation | 0.37/1,000 sq ft |
| Price | £6,530,000 |
| Price per sq ft | £72.64 |
| Sale Type | Investment |
| Yield | 7.50% |
| Tenure | Freehold/Long Leasehold |
| Property Type | Light Industrial |
| Property Subtype | Light Manufacturing |
| Costar Property Class | B |
| Total Plot Size | 2.60 ac |
| Net Internal Area (NIA) | 89,898 sq ft |
| No. Floors | 7 |
| Year Built/Renovated | 1995/2014 |
| Tenancy | Single |
| Parking Allocation | 0.37/1,000 sq ft |
Amenities
- 24 Hour Access
- Bio-Tech/ Lab Space
- Courtyard
- EPC - A
- Storage Space
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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Grove Mill | Todmorden Rd
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