Flowtech Fluid Power PLC, Pimbo Road, J5 M58, Skelmersdale, WN8 9RB

Property description

Opportunity to acquire a highly reversionary single let warehouse investment opportunity.

The property comprises a modern detached 75,926 sq ft industrial unit built to a high specification with majority 11.2 eaves with a low site cover of 36%.

 It is let of a very low rent of £382,000 pa, (£5.03 psf), with an ERV of £569,445 pa (7.50 psf) on a 15 year FRI lease expiring 31^st October 2031 (7 years term certain).

 There is an OMV rent review on 1 November 2026 (2 years to reversion).  

 The purchase price of £6,340,000 reflects a NIY of 5.65%, reversionary yield of 8.42% and low capital value of £83.50 psf (below replacement cost) 

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Property of interest: Flowtech Fluid Power PLC, Pimbo Road, J5 M58, Skelmersdale, WN8 9RB

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