Waindyke Way, Normanton, WF6 1TZ (J31 M62)

Distribution Warehouse Investment For Sale

Roger Haworth

  • Located in the prime industrial area of Normanton and within close proximity to J31 of the M62 Motorway
  • Distribution/warehouse unit totalling approximately 6,804.68 sq.m.
    (73,245 sq.ft.)
  • Site area of 9.8 acres which represents a low site cover of 16.59%
  • Freehold
  • The site allows for expansion of the existing unit
  • A well maintained, fitted property with high level sprinklers, heating and lighting. The Property also benefits from extensive mezzanine floor areas
  • DHL Supply Chain Ltd propose a sale and leaseback of the property for a new FRI lease expiring on 31 May 2029 at a rent of £370,000 pa. There will be breaks on 31 May 2022, 31 May 2024 and 31 May 2027. The lease will be subject to a Schedule of Condition. There will be an open market rent review on 31 May 2024
  • Estimated Rental Value of £478,000 per annum
  • Offers are sought in excess of £5,500,000 (Five Million, Five Hundred Thousand Pounds), subject to contract and exclusive of VAT which reflects a Net Initial Yield of 6.25% allowing for purchaser's costs at 7.57%

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