Challenge Way
Wigan WN5 0LD
Makita Tools & Torque Logistics · Property For Sale
·
509,886 SF Total
INVESTMENT HIGHLIGHTS
- Established industrial location surrounded by national occupiers
- Comprising of three separate buildings, expanding over a significant plot
- Excellent transport links providing easy and convenient access from surrounding towns and cities
EXECUTIVE SUMMARY
CBRE UK has been instructed to sell Makita Tools & Torque Logistics in Greater Manchester, which provides an exciting value add opportunity.
The asset is highly reversionary with a low average rent of £5.95 psf, with North West Big Box rents now established at £10.50 psf and only one unit immediately available over 300,000 sq ft.
There’s opportunities to crystalise the reversion with both leases subject to a lease event in the next 2 years.
Quoting: £48,000,000
NIY: 5.73%
Estimated Running Yield (2027): c.8.00%
Cap Val: £97 psf
The asset is highly reversionary with a low average rent of £5.95 psf, with North West Big Box rents now established at £10.50 psf and only one unit immediately available over 300,000 sq ft.
There’s opportunities to crystalise the reversion with both leases subject to a lease event in the next 2 years.
Quoting: £48,000,000
NIY: 5.73%
Estimated Running Yield (2027): c.8.00%
Cap Val: £97 psf
PROPERTY FACTS
| Price / SF | $94.14 / SF |
| Cap Rate | 5.73% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 509,886 SF |
| Total Land Area | 17.13 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Martland 100
Challenge Way, Wigan WN5 0LD |
Industrial | 98,886 SF | 1999 | - |
|
Martland Mill Office Space
Challenge Way, Wigan WN5 0LD |
Office | 45,000 SF | 1999 | - |
|
MP 350
350 Challenge Way, Wigan WN5 0LD |
Industrial | 366,000 SF | 1998 | - |
