Sold

29 Shield Drive, Wardley Industrial Estate, Manchester


Size
37,311 sq ft
Tenant
Proline Engineering
Value
£2,445,000
Yield
5.00%
Capital value
£65.53 psf

Property description

29 Shield Drive, Wardley Industrial Estate, Manchester, M28 2QB

An excellent opportunity to acquire a highly reversionary, detached industrial warehouse on a large 2.98 acre site.  The property is located on the highly sought after Wardley Industrial Estate, just 5 miles west of Manchester City Centre and adjacent to Junction 14 of the M60 motorway.

The property is let to Proline Engineering Limited on a lease expiring April 2023 (subject to a tenant break option).  The passing rent is very low at £130,000 pa (£3.48 psf), offering significant scope for reversion.