Road One, Winsford, CW7 3, UK

Quad, Winsford (Winsford Industrial Estate)

Attributes

Asking price

THB 732,639,000

Cap rate

Building area net

22,257 m²

Occupancy

100%

Number of units

WAULT

8.65 years

Asset Description

Reversionary Multi-let Industrial Investment Opportunity

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Investment Highlights

Winsford is considered one of the most established industrial and manufacturing locations in the North West of England.
Conveniently located 5 miles and a c.l0-minute drive from Junction 18 of the M6, in the heart of Cheshire, 27 miles south of Manchester.
A sought-after location, with Winsford Industrial Estate home to major occupiers including Howard Tenens, Schoeller Allibert, Advanced Medical Solutions, Tiger Trailers, Screwfix, Howdens and Toolstation.
Comprising 239,568 sq ft across 4 mid-box industrial units, on a site of 13.29 acres.
Take-up of mid-box sized units in the North West during 2023 was over 950,000 sq ft, a 60% Y-o-Y increase.
A future-proofed asset, with two units recently comprehensively refurbished prior to letting, achieving an EPC 'B'.
Fully let to 4 tenants all rated 'Low' or 'Very Low Risk' by CreditSafe, with c.70% of the income secured against covenants considered 'Very Low Risk'.
Low passing rent of £1,265,856 per annum reflecting an average of £5.28 psf, against a reversionary rent of
£1,506,851 per annum/ £6.29 psf.
WAULT of 8.65 years to expiry (6.12 years to break).
Opportunities to add value, with forthcoming rent reviews in 3 tenancies within the next 5 years, and with the Henkel lease 'Outside the Act' with the lease expiry in 2026. There is also an area of undeveloped land c.0.63 acres that is currently demised to Renray, but which may suit further industrial development in the future (subject to planning).
Freehold