350 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

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
MP 350
350 Challenge Way, Wigan WN5 0LD 		Industrial 366,000 SF 1998 -
Martland Mill Office Space
Challenge Way, Wigan WN5 0LD 		Office 45,000 SF 1999 -
Martland 100
Challenge Way, Wigan WN5 0LD 		Industrial 98,886 SF 1999 -
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MAP

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