Commercial property for sale in Martland Park, Walthew House Lane, Wigan WN5

£2,750,000 (£79.73/sq. ft)
Commercial property for sale 34,492 sq. ft*
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Property description

Modern, single let industrial investment unit. * Prominent location within well-established industrial estate - Martland Park. * 1 mile north of Wigan town centre with access via the main A49 central Parkway. * Extending to 34,492 sq ft on a site of 2 acres. * Very High Specification Climate Controlled Facility. * Secure, self-contained car park adjacent and large rear loading yard. - Freehold. * Let to Wigan One on a 25 year lease from 24th June 2006 at a passing rent of £210,000 per annum (13 years unexpired). * Tenant break clause in June 2021 and 2026 (3 & 8 years unexpired). * Substantial guarantor - Galenica ag. * Excellent asset management opportunity - renegotiate terms with tenant. * Asking price £2,750,000 reflecting a net initial yield of 7.18% and a capital value of £79.73 per sq ft.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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Avison Young, M2 on +44 161 506 9172 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Avison Young, and do not constitute property particulars. Please contact Avison Young for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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