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

Investment Sold

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%
  • 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 proposed a sale and leaseback of the property for a new FRI lease expiring on 31 May 2029 at a rent of £370,000 pa. Estimated Rental Value of £478,000 per annum
  • CPP sold the property on behalf of DHL Supply Chain Ltd for £6,000,000 which reflects a Net Initial Yield of 5.73% allowing for purchaser's costs at 7.59%

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