Hotter Shoes, 2 Peel Road, J5 M58, Skelmersdale, WN8 9PT

Property description

Opportunity to acquire a highly reversionary 157,458 sq ft industrial warehouse on a low density 8.85 acre site.  The property is located in a highly sought after location n on Pimbo Industrial Estate, Skelmersdale, offering immediate access to the M58 Motorway and within 3 miles of the M6 / M58 interchange.

 The property is let to Hotter Shoes Limited on a 10 year lease commencing 14 February 2025, subject to an option to break in year 5 (£187,500 break penalty).  The passing rent is very low at just £4.75 psf, with an OMV rent review in year 5.  The lease is drafted Outside the L&T 1954 Act.

 The purchase price of £10,815,000 reflects a NIY of 6.50%, reversionary yield of 8.54% and a capital value of £68.68 psf.

What is 7 plus 5?

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Property of interest: Hotter Shoes, 2 Peel Road, J5 M58, Skelmersdale, WN8 9PT

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