XPO TRANSPORT SOLUTIONS (SITE A)
GREENFOLD WAY, LEIGH, GREATER MANCHESTER, WN7 3BD
- Single-let, very low site cover, logistics investment comprising 41,766 sq. ft. (GIA) warehouse, with two-storey ancillary offices, a vehicle workshop, HGV docking, and a large secure surfaced yard, on a self-contained 8.07 acre site.
- Strategically located on Leigh Business Park, adjacent the A580 (East Lancashire Road) and c. 4 miles from Junction 23 of the M6, in the established Manchester / Warrington logistics corridor.
- Low site cover of c. 13.4%, leaving a substantial surplus yard that underpins significant Industrial Outdoor Storage (IOS) value and long-term intensification / last-mile optionality.
- Let in its entirety to XPO Transport Solutions UK Limited on a full repairing and insuring lease, subject to a photographic Schedule of Condition.
- The tenant has recently committed to a new five-year term to 30 June 2031 at £570,000 per annum, stepping contractually to £625,000 per annum from 1 July 2027 with no rent-free period. Vendor to top up rent to £625,000 per annum from completion.
- Tenant-only break at 1 July 2029 (six months’ notice); the lease is inside the Landlord & Tenant Act 1954.
- Strategic and intensively-used site, occupied by the tenant in excess of 25 years, which operates 24hrs Mon-Fri, and 9am-6pm on weekends. Asset includes on-site vehicle maintenance unit, one of two for XPO in the North-West.
- Strong national / international logistics covenant: XPO Transport Solutions UK Limited is part of XPO, Inc. (NYSE: XPO) and reported revenue of £785m (+10% YoY) and net assets of £123m for the year to 31 December 2025.
- Reversionary: the passing rent sits below ERV, offering the ability for further income enhancement.
- Freehold.
Location
GREENFOLD WAY, LEIGH, GREATER MANCHESTER, WN7 3BD