• Excellent location on the established Huyton Business Park, adjacent to the intersection of the M62 and M57 Motorways
• The property comprises two detached distribution units, Interchange 81 and Interchange Trade Park located adjacent to one another
• Total rental income of £593,518 per annum (£6.07 psf)
• Freehold
• Interchange 81 comprises an 84,439 sq ft fully refurbished, well specified modern industrial unit on a large site extending to 4.69 acres
• Extensive yard with a low site coverage of 41%
• Let to Hemsec Manufacturing Limited on an FRI lease for a term of 10 years commencing 22 Feb 2022, expiring 21 Feb 2032 (c. 10 years unexpired) with a TOB in the 5th anniversary
• Initial rent of £480,000 per annum (£5.68 psf) subject to OMRV review on the 5th anniversary
• Interchange Trade Park comprises two identical fully refurbished and well specified trade counter units totalling 33,207 sq ft with a generous yard with parking for c. 33 vehicles
• Sitting on a large self contained site of 1 acre
• Unit 6B let to City Plumbing Supplies Holdings Limited (£155m net worth) on an FRI lease for a term of 10 years commencing XX, expiring XX (10 years unexpired) at a rent of £55,420 per annum (£8.50 psf)
• Total rental income of £112,260 per annum (£8.50 psf) inclusive of 12m rent, rates and SC guarantee from vendor.
