Property description
Excellent opportunity to acquire a highly reversionary modern detached single let industrial investment. Situated in a prime location in Knowsley with immediate access to the A580 linking Manchester and Liverpool.
The property is let to a strong covenant on a 10 year lease commencing 23 May 2022, subject to a tenant break option and an open market rent review in year 5.
The property comprises a 12,072 sq ft unit at a low passing rent of £84,637 pa (£7.00 psf), with a reversionary rent of £120,720 pa (£10.00 psf)
The purchase price of £1.33m reflecting a NIY of 6.00%, RY of 8.52% and a low CV of £110 psf.
