Single let industrial investment let to 5A1 covenant.
Speke is an established industrial location in Liverpool, Merseyside.
Excellent transport communications, with easy access onto A561 which leads to J1 M57 / J6 M62 Motorway approximately 6 miles to the north.
Located within the Liverpool City Region Freeport Zone with various financial incentives for occupiers.
Situated on Estuary Banks, with nearby occupiers including B&M, NHS, Adient UK, DHL and The Very Group.
Modern industrial unit providing a total gross internal floor area of 65,160 sq ft.
Large site of 5.78 acres, equating to a low site cover of 22%.
The property includes a development plot of 2.57 acres providing significant development potential subject to planning consent / negotiation with the tenant.
Let to Cargill PLC (£1.1bn t/o; £23M ptp; £680m shf).
Cargill PLC are part of Cargill Incorporated, one of the largest private companies in the world and reported revenues of $160bn in 2024.
13.25-year lease term until 2nd September 2031 (6.7 years unexpired).
Low passing rent of £387,206 pa (£5.94 psf).
Rent to be reviewed on 5th September 2026 in line with RPI annually compounded (1% and 4% collar and cap).
Long leasehold for 250 years at a peppercorn (223.75 years unexpired).
