Connect Park, Haydock Industrial Estate WA11 9TY

Saint Helens, WA11

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Connect Park, Haydock Industrial Estate WA11 9TY
Price £6,890,000
Rent (pa) £550,810
Yield 7.5%

Investment Summary

  • Haydock is considered one of the premier industrial locations in the North West
  • Established industrial location on Haydock Lane Industrial Estate
  • Excellent access to J23 of the M6 motorway and A580 East Lancashire Road
  • Recently refurbished to provide two high quality distribution units, totalling 62,025 sq ft
  • Fully let to two established third-party logistics providers; DX Group and DG International
  • Low average rent, reflecting £7.91 per sq ft, assuming £75,000 per acre on the additional open storage land
  • Proven reversion with the latest letting agreed at £8.25 per sq ft
  • Further rental evidence in Haydock to support a rental tone in excess of £9.00 per sq ft
  • Open storage land in the North West readily achieving £100,000 per acre
  • WAULT of 10.4 years to expiry (9.6 years to break)
  • EPC B rating, therefore no capex required to comply with Minimum Energy Efficiency Standards
  • Freehold
  • Underpinned by long term redevelopment potential given low site coverage
Town Saint Helens
Postcode WA11
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