ADDRESSBirstall 140, Holden Ing Way, Birstall, WF17 9AD
TYPEDistribution Warehouse, General Industrial, Industrial Park, Retail Park, Warehouse, Industrial, Retail
TENUREInvestment Opportunity, Under Offer
POSTED ON9th November 2022
Description
For Sale - Freehold Distribution Warehouse Investment. - Birstall 140 comprises a distribution warehouse investment totalling 139,338 sq ft in a prime location off Junction 27 of the M62, 5 miles west of Leeds City Centre.
The property is let to XL Joinery Limited on a new 10 year lease with an initial rent of £800,000 per annum, reflecting a low £5.75 per sq ft.
The property benefits from: 10 ground level loading doors (6 to the front with canopies and 4 to the rear); 1 dock level door within an enclosed side lean-to; 7m haunch and 10m to apex; high quality showroom and offices with new HVAC and LED lighting; LED lighting throughout the warehouse; warehouse fitted with VESDA (Very Early Smoke Detection Apparatus) and 400KVA power; 4 x EV charging points for staff vehicles; and 17 x forklift charging points.
We have been instructed to invite offers in the region of £11,100,000, subject to contract and exclusive of VAT. A purchase at this level would reflect a NIY of 6.75% and capital value of £79 per sq ft, allowing for usual purchaser costs of 6.70%.
