Map pinRoad One, Winsford, CW7 3, UK

Quad, Winsford (Winsford Industrial Estate)

Quad, Winsford (Winsford Industrial Estate)_Property for Sale

Attributes

Asking price
₫551,698,791,000
Cap rate
7%
Building area net
22,257 m²
Occupancy
100%
Number of units
4 units
WAULT
8.65 years

Asset Description

Reversionary Multi-let Industrial Investment Opportunity

...

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


Quad, Winsford (Winsford Industrial Estate) 4_Property for Sale
Quad, Winsford (Winsford Industrial Estate) 4_Property for Sale
Quad, Winsford (Winsford Industrial Estate) (0 Properties)

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Last updated
15 May 2024