Unit 5 Tally Close, Manchester

Investment

Unit 5 Tally Close, Manchester

Property description

  • Aware of a strong requirement to buy modern industrial assets in core locations, B8RE introduced this asset to Kennedy Wilson.
  • B8RE viewed the asset, undertook due diligence and cashflow analysis. Working in conjunction with B8RE’s occupational team, we provided extensive advice on ERVs and reletting assumptions which were key to this purchase.
  • B8RE successfully negotiated and agreed a price to acquire the asset and closely monitored and advised throughout, resulting in a successful completion.

Location

Bunzl, Unit 5 Tally Close, Manchester, M27 8WJ

Client
Kennedy Wilson
Date
December 2021
Rent
£295,316 pa (£4.88 psf)
Size
60,466 sq ft (5,618 sq m)
Tenancy
Let to Bunzl UK Ltd with 1.75 years lease term remaining
Type
Industrial Investment Acquisition
Value
£7,690,000 / 3.60%