SOLD – Four Oaks Business Park , Walton Summit, Preston

Four Oaks Business Park , Walton Summit, Preston PR5 8AP

Property

  • Multi let industrial estate extending to 293,150 sq ft on a site of 12.5 acres
  • Steel portal frame construction with clad elevations
  • 4units ranging in size from 10,000 sq ft to 115,000 sq ft

Location

  • Walton Summit is the prime industrial estate in West Lancashire
  •  Direct access to the M6/M61/M65 interchange
  • Preston is a key growth City currently experiencing substantial infrastructure investment

Investment

  • High yielding Investment with significant reversion
  • Multi let to 4 tenants with WAULT to break of over 5 years
  • Total passing net rent of £765,957 per annum reflecting a low passing rent of £2.61 psf
  • Numerous Asset Management opportunities
  • Investment substantially underpinned by VP value and  exception rental growth potential

Pricing

  • Our client is seeking offers in excess of;

PRICE                    £8,750,000

NIY                         8.27% 

Cap Val                 £28.95 psf