SOLD – Multi Let Industrial Investment, Moorland Gate Business Park, Chorley

MOORLAND GATE  BUSINESS PARK, CHORLEY PR6 9EA

Property

  • Multi let mixed office and industrial estate extending to 125,122 sq ft on a site of 10.75 acres
  • Mainly Steel portal frame construction with brick and clad elevations
  • Mixed of units ranging in size from 1,000 sq ft to 28,000 sq ft

Location

  • Chorley is 28 miles North West of Manchester and 12 miles South of Preston
  •  2 miles to Jn 8 of M61 which is  8 miles south of M6/M61/M65 interchange
  • Chorley has been one of the most successful industrial locations in the NW in recent years

Investment

  • High yielding Investment with significant reversion
  • Multi let to 21 tenants with low tewnant turnover
  • Total passing net rent of £456,515 per annum reflecting a low passing rent of £3.65 psf
  • 2 acres of development land
  • Numerous Asset Management opportunities
  • Investment substantially underpinned by VP value and longer term residential potential

Pricing

  • Our client is seeking offers in excess of;

PRICE                    £4,900,000

NIY                         9.5% allowing for £200,000 per acre for the development land

Cap Val                 £36 psf

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