The Range, Pellon Lane, Halifax_Property for Sale
The Range, Pellon Lane, Halifax_Property for Sale
Pellon Lane, Halifax, West Yorkshire, HX1 5QE, UK

The Range, Pellon Lane, Halifax

Asset Description

  • Prominent retail warehouse with excellent frontage
  • Steel portal frame construction with brick elevations
  • Providing 46,478 sq ft of accommodation on a 3.9 acre site
  • 193 car parking spaces


...

Attributes

Asking price
TRY 217,725,000
Building area net
4,318 m²
Occupancy
100%
WAULT
10 years

Media

Investment Highlights

  • Halifax is located in West Yorkshire approximately 16 miles from Leeds and 30 miles from Manchester.
  • Situated in Halifax’s prime retail warehousing location with over 400,000 people within a 20 minute drive.
  • Well configured store, comprising 46,478 sq ft (4,318 sq m). 
  • Let to CDS (Superstore International), who are rated 86/100 and designated as ‘very low risk’, until December 2034 with circa 10 years unexpired. 
  • Current rent of £418,455 per annum (£9.00 per sq ft).
  • Site area of approximately 3.90 acres (1.58 ha) with 193 car parking spaces
  • Freehold.


Our client is seeking offers in excess of £5,235,000 (five million, two hundred and thirty-five thousand) subject to contract and exclusive of VAT. A purchase at this level reflects an initial yield of 7.50%, after the deduction of purchaser’s costs of 6.6%, with a capital value of £112 psf.

The Range, Pellon Lane, Halifax 4_Property for Sale

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The Range, Pellon Lane, Halifax (0 Properties)

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Last updated
21 May 2024