£1,100,000
Light industrial for saleWakefield Road, Bootle L30
Just added
Freehold
About this property
Multi Let Industrial Investment
3 Units - income in excess of £90,000 pa
Potential to split into more units should tenants vacant
Gross initial yield in excess of 8.2%
Excellent road links
Diversified income from 3 separate units
Steel portal frame units
Roller shutters
Allocated parking
3 phase electric
Detailed Description
Investment summary
Three industrial units on the established, secure Wakefield Road estate, Bootle
Fully let to three tenants, producing in excess of £90,000 per annum exclusive of VAT
Asking price of £1,100,000 + VAT, reflecting a gross initial yield in excess of 8.2% and a net initial yield of c. 7.7% after standard purchaser's costs
All three units opted to tax, so the sale may qualify as a transfer of a going concern (togc), subject to the usual conditions
Diversified income from three separate occupiers across kitchen manufacture, audio visual services and general trade use
Excellent road links: The A5036 and Switch Island (M57 / M58) are within a mile
Steel portal frame units with roller shutter access, three-phase power and allocated car parking
Suitable for private investors, sipp / ssas purchasers, family offices and property companies
Location
The units sit on Wakefield Road, an estate road off Heysham Road, close to Dunningsbridge Road (A5036). This provides direct access to Switch Island and the M57 and M58 motorways, around a mile away, with Liverpool city centre approximately 6.5 miles to the south west.
The immediate area is a well-established industrial and commercial district. Nearby occupiers and amenities include Switch Island Retail Park, Aintree Racecourse Retail and Business Park and a recently built Best Way Cash and Carry. Old Roan and Aintree railway stations are both within walking distance.
Description
The units form part of a terrace of workshop / industrial units laid out in an L-shape within a secure, gated estate, built around 1998. Construction is steel portal frame with half-height brick elevations and metal sheeting above under a pitched profile steel roof incorporating approximately 10% rooflights.
The wider estate offers a clear internal height of around 12 ft 5 in, a number of drive-in bays, three-phase power and allocated on-site car parking.
Tenancy schedule
Tenant
Annual rent (excl. VAT)
1 Wakefield Road
Chelsea Kitchens
£45,000
2 Wakefield Road
Ian Moglione t/a Audio Visual Services
£13,000
3 Wakefield Road
M Carrol
£32,500
Total - in excess of £90,000
Lease terms, break dates and rent review provisions: - Upon Request
Investment considerations
Secure, diversified income: Three tenants, with the largest unit let to an established kitchen business
Attractive entry yield: Gross initial yield in excess of 9% against a net initial yield of c. 8.4%
Asset management potential: Scope to review rents on lease events and to regear or re-let to improve income and lease length
Scarce stock: Small and mid-sized industrial units close to Switch Island remain in strong demand from local occupiers
Lot size: At £1,000,000 the property suits a wide pool of buyers, including pension fund and company purchasers
Proposal
Offers are invited for the freehold interest at £1,000,000 + VAT, subject to contract. We anticipate the sale being structured as a togc, which would remove any VAT payable on the purchase price, subject to the purchaser meeting the necessary conditions, including opting to tax. Prospective purchasers should take their own VAT advice.
Further information
Tenure: Freehold
VAT: The property is elected for VAT. VAT will be payable on the purchase price unless the sale is a togc
EPC: Tbc for each unit
Business rates: Tbc
Legal costs: Each party to bear their own
Viewings: Strictly by appointment with the sole agent, PROPERTY CENTRE. Tenants must not be approached directly
Important notice
These particulars are for guidance only and do not form part of any offer or contract. All measurements, areas and descriptions are approximate. Prospective purchasers should satisfy themselves as to their accuracy by inspection or otherwise. No person at PROPERTY CENTRE has authority to make or give any representation or warranty in relation to the property.
Investment summary
Three industrial units on the established, secure Wakefield Road estate, Bootle
Fully let to three tenants, producing in excess of £90,000 per annum exclusive of VAT
Asking price of £1,100,000 + VAT, reflecting a gross initial yield in excess of 8.2% and a net initial yield of c. 7.7% after standard purchaser's costs
All three units opted to tax, so the sale may qualify as a transfer of a going concern (togc), subject to the usual conditions
Diversified income from three separate occupiers across kitchen manufacture, audio visual services and general trade use
Excellent road links: The A5036 and Switch Island (M57 / M58) are within a mile
Steel portal frame units with roller shutter access, three-phase power and allocated car parking
Suitable for private investors, sipp / ssas purchasers, family offices and property companies
Location
The units sit on Wakefield Road, an estate road off Heysham Road, close to Dunningsbridge Road (A5036). This provides direct access to Switch Island and the M57 and M58 motorways, around a mile away, with Liverpool city centre approximately 6.5 miles to the south west.
The immediate area is a well-established industrial and commercial district. Nearby occupiers and amenities include Switch Island Retail Park, Aintree Racecourse Retail and Business Park and a recently built Best Way Cash and Carry. Old Roan and Aintree railway stations are both within walking distance.
Description
The units form part of a terrace of workshop / industrial units laid out in an L-shape within a secure, gated estate, built around 1998. Construction is steel portal frame with half-height brick elevations and metal sheeting above under a pitched profile steel roof incorporating approximately 10% rooflights.
The wider estate offers a clear internal height of around 12 ft 5 in, a number of drive-in bays, three-phase power and allocated on-site car parking.
Tenancy schedule
Tenant
Annual rent (excl. VAT)
1 Wakefield Road
Chelsea Kitchens
£45,000
2 Wakefield Road
Ian Moglione t/a Audio Visual Services
£13,000
3 Wakefield Road
M Carrol
£32,500
Total - in excess of £90,000
Lease terms, break dates and rent review provisions: - Upon Request
Investment considerations
Secure, diversified income: Three tenants, with the largest unit let to an established kitchen business
Attractive entry yield: Gross initial yield in excess of 9% against a net initial yield of c. 8.4%
Asset management potential: Scope to review rents on lease events and to regear or re-let to improve income and lease length
Scarce stock: Small and mid-sized industrial units close to Switch Island remain in strong demand from local occupiers
Lot size: At £1,000,000 the property suits a wide pool of buyers, including pension fund and company purchasers
Proposal
Offers are invited for the freehold interest at £1,000,000 + VAT, subject to contract. We anticipate the sale being structured as a togc, which would remove any VAT payable on the purchase price, subject to the purchaser meeting the necessary conditions, including opting to tax. Prospective purchasers should take their own VAT advice.
Further information
Tenure: Freehold
VAT: The property is elected for VAT. VAT will be payable on the purchase price unless the sale is a togc
EPC: Tbc for each unit
Business rates: Tbc
Legal costs: Each party to bear their own
Viewings: Strictly by appointment with the sole agent, PROPERTY CENTRE. Tenants must not be approached directly
Important notice
These particulars are for guidance only and do not form part of any offer or contract. All measurements, areas and descriptions are approximate. Prospective purchasers should satisfy themselves as to their accuracy by inspection or otherwise. No person at PROPERTY CENTRE has authority to make or give any representation or warranty in relation to the property.
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