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Kerry logistics Ashburton Rd W 62,439 SF Industrial Building Manchester M17 1RW $9,942,554 ($159.24/SF) 5.50% Cap Rate
Investment Highlights
- Good road links
- Prominent industrial location
- Parking nearby
Executive Summary
- Urban logistics unit totalling 62,439 sq ft GIA.
- Highly reversionary passing rent reflecting a very low £6.77 per sq ft.
- Headline rents for similar size new-build units achieving c.£15.00 per sq ft.
- Let to the strong covenant of KLN Freight (UK) Ltd (D&B rated 4A1), part of KLN Group for a further 4.2 years to lease expiry.
- The unit is the tenant's UK HQ and they have been in occupation for c.35 years.
Quoting Price: £7,200,000
NIY: 5.50%
Headline Reversionary Yield: c.8.94%
Very low Capital Value of £115 per sq ft.
- Highly reversionary passing rent reflecting a very low £6.77 per sq ft.
- Headline rents for similar size new-build units achieving c.£15.00 per sq ft.
- Let to the strong covenant of KLN Freight (UK) Ltd (D&B rated 4A1), part of KLN Group for a further 4.2 years to lease expiry.
- The unit is the tenant's UK HQ and they have been in occupation for c.35 years.
Quoting Price: £7,200,000
NIY: 5.50%
Headline Reversionary Yield: c.8.94%
Very low Capital Value of £115 per sq ft.
Property Facts
| Price | $9,942,554 | Lot Size | 2.35 AC |
| Price Per SF | $159.24 | Rentable Building Area | 62,439 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.50% | Year Built/Renovated | 1955/2007 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 37’5” (11.40 m) |
| Property Subtype | Distribution | No. Drive In / Grade-Level Doors | 3 |
| Building Class | B |
| Price | $9,942,554 |
| Price Per SF | $159.24 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 2.35 AC |
| Rentable Building Area | 62,439 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1955/2007 |
| Tenancy | Single |
| Clear Ceiling Height | 37’5” (11.40 m) |
| No. Drive In / Grade-Level Doors | 3 |
Amenities
- Fenced Lot
- Security System
- Skylights
- Yard
- Automatic Blinds
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Kerry logistics | Ashburton Rd W
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