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%.