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Unit 1A, Fourth Avenue, The Village, Trafford Park, Manchester, M17 1DB Image

Unit 1A, Fourth Avenue, The Village, Trafford Park, Manchester, M17 1DB

For Sale

  • Tenure

    For Sale
  • Type

    Investment - Industrial/Logistics
  • Price

    Offers in Excess Of £2,460,000
  • Size

    12,837 Sq Ft
  • Ref No

    9688

Property Highlights

  • A rare opportunity to acquire a prime detached single let industrial investment situated in the heart of Trafford Park, Manchester.
  • 100% prime location, within 'The Village', Trafford Park and with immediate access to key arterial routes.
  • Comprising a modern, detached 12,837 sq ft industrial warehouse on a significant 1.00-acre site.
  • Very low site cover of 29%.
  • Let to Hermes Parcelnet Limited (t/a Evri) on a straight 6-year FRI lease, expiring June 2028.
  • Outstanding covenant with a 5A2 Dun & Bradstreet rating (tangible net worth £129,000,000).
  • Passing rent of £117,677 pa (£9.50 per sq ft).
  • Freehold.
  • Seeking offers in excess of £2,460,000 (Two Million Four Hundred and Sixty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level provides an attractive net initial yield of 4.50%, (assuming purchasers costs of 6.37%).

Overview

PRIME SINGLE LET INDUSTRIAL INVESTMENT OPPORTUNITY