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Unit 1, Broadway 21, OL9 9XD

Status: Sold

Date: 01 March, 2012

Type: Industrial

Great Bear Distrubtion Ltd, Broadway 21, Oldham, Manchester

  • Well specified distribution warehouse totalling 184,348 sq ft providing high bay warehouse accommodation with ancillary offices on ground and 1st floors.
  • Located in the popular Oldham Broadway Business Park at Junction 21 of the M60 Motorway with excellent transport links.
  • Clear internal eaves height of 12 metres with 18 electrically operated doors with dock levellers and 2 surface level entry doors.
  • 50 metre deep secure service yard, with access via an independent gatehouse.
  • Let to Great Bear Distribution Limited on FRI terms for a term expiring on 15 January 2020 providing 8.4 years unexpired.
  • Great Bear utilise the property for distribution of liquids, cosmetics, skincare products and drinks.
  • Rent passing is £737,392 pax (£4.00 psf) and is subject to review on 15 January 2015 with a minimum uplift to £829,566 p.a. reflecting £4.50 psf.
  • Seeking offers in excess of £9,000,000 (nine million pounds) which reflects a net initial yield of 7.74% and a minimum reversionary yield from 15 January 2015 of 8.71% after deducting purchaser’s costs at 5.8%.