Tesco Warehouse

Commercial Investment

There is little chance of a quick return to a housing boom despite the possibility of UK prices rising over the course of the year, surveyors say.

New Tesco Warehouse

WINGATES INDUSTRIAL ESTATE

Great Bank Road Bolton BL5 3XU

FOR SALE FREEHOLD

Modern high bay distribution warehouse

let to TESCO Stores Ltd

272,055 sq ft

INVESTMENT SUMMARY

• Modern high bay distribution warehouse. • Well located between Junctions 5 & 6 of the M61 motorway.

• Floor area of 251,554 sq ft GIA, plus a canopied loading area of 20,501 sq ft.

• Site area of 14.1 acres providing a site density of 43%.

• Let to Tesco Stores Limited on assignment from Handleman UK Ltd for a term of 10 years expiring on the 26th September 2016.

• Passing rent of £1,189,323 pax reflecting £4.54 psf and half rate on the canopied area.

• Freehold.

• Offers invited of £14,060,000 showing a yield of 8% after the deduction of acquisition costs of 5.725%.

WINGATES INDUSTRIAL ESTATEO C A T I O N

The property is located on the established Wingates Industrial Estate which is located between junction 5 and junction 6 of the M61 motorway.

The A6 trunk road provides direct access from the estate to both junctions approximately 1 mile to the South East and 0.5 miles to the North East.

S I T U A T I O NThe property is prominently located on the Great Bank Road, the main estate road within the estate, which leads directly to the A6.

The estate offers an established business environment, with the principal occupiers including Parcelnet, BOC Edwards, De La Rue,

Dabs.com, Bernstien Group Holdings, Cardinal Heath and Newsquest.

P R I C E

Our clients are seeking offers of £14,060,000 subject to contract for their freehold interest in the above which would show a purchaser a

net initial yield of 8% after the deduction of purchasers costs of 5.725%