Tatra Rotalac Limited, Southmoor Road, Wythenshawe, Manchester M23 9DS

Well located industrial investment on popular South Manchester estate

Two industrial units of 26,577 sq ft and 9,757 sq ft providing a total gross internal floor area of 36,334 sq ft

Large site of 1.842 acres (site cover 37%) with 41 car parking spaces

Let to Tatra Rotalac Limited (guaranteed by Coral Products Plc) Coral Products Plc (AIM-listed, 30 April 2025): Revenue: £29,831,000 with Net Assets of +£12,000,000

New FRI 10-year lease from 26 January 2026, expiring 25 January 2036 (approximately 9.7 years unexpired)

Schedule of condition annexed to the lease

Vendor to top up rent free period to the passing rent of £272,595 per annum which equates to a low passing rent of £7.50psf.

Open market rent review on 26 January 2031 (upwards only)

Held on long leasehold from Manchester City

Council (200-year lease from 26 May 2020, expiring 25 May 2220) with 194 years unexpired

Ground rent recently settled at £27,430 per annum, reviewed 5-yearly to 16.67% of OMV with next review 26 May 2030

Net income after ground rent: £245,165 per annum

Offers in excess of £3,075,000 (STC)

Net initial yield of 7.50%

Low capital value of £85 psf