Property description
A purpose-built, self-contained, industrial estate comprising 82,863 sq ft across 14 units. The property is located in a well established industrial location, forming part of Poole Hall Industrial Estate, Ellesmere Port and benefitting from excellent transport communications including immediate access to J7 and J8 of the M53.
The property is currently fully let and produces a net rent of £285,793 per annum with low passing rents ranging from £3.25 psf - £4.85 psf. The AWULT is 3.01 years to expiry (1.81 years to break) and the leases a drafted on effective FRI terms through the service charge. We consider the property to have a net ERV of £361,219 pa.
The purchase price offers a potential reversionary yield of 10.1% and a low capital value of £40.48 per sq ft.
