ALDI STORES LTD, TOUCHET HALL ROAD ... - King Sturge

More documents

Recommendations

Info

1 2 15 14 3 4 5 13 6 12 7 8 11 9 1. CERT 2. Tesco 3. Tontarelli 4. UK Cables 5. DSV 6. Christian Salversen 7. <strong>ALDI</strong> 8. DHL 9. Booker 10. SSL 11. Woodbridge Foam 12. Warburtons 13. DHL 14. Wincanton 15. Sainsbury’s 10
INVESTMENT CONSIDERATIONS Stakehill is one of the most highly regarded distribution locations in the North West. Immediate access to the M62 motorway. Modern distribution facility. Let to the undoubted covenant of Aldi Stores Limited until 2016. In our opinion, the current level of rent is reversionary with the next rent review due in June 2009. At review, the unit can be reviewed to the higher of open market value or the rate applicable to a hypothetical 50,000 ft 2 unit. Offers in the region of £8.76 million which reflects a net initial yield of 7.25% after allowing for aquisition costs at 5.75%, an equivalent yield of 7.72% and a reversionary yield of 7.75%. LOCATION The Stakehill Industrial Estate extends to over 80.9 hectares (200 acres) and is considered to be one of the finest distribution locations in the North West of England. The Estate is located a quarter of a mile south of Junction 20 of the M62, the transpennine motorway, with access from Junction 20 being via the A627(M) dual carriageway which connects directly with the Estate via the Slattocks Link Road. The M62 links with the M6 and M60 motorways to the west and the M1 to the east, providing immediate access to the UK’s national motorway network. Approximate travelling times by road from the Estate are: Leeds 45 Minutes Birmingham 2 hours Hull 1 1 /2 hours Newcastle 2 1 /2 hours London 3 hours Glasgow 3 1 /2 hours During the last 15 years the estate has witnessed the development of in excess of 92,902 m 2 (1 million ft 2 ) of high quality distribution facilities. Occupiers with major distribution facilities within the Estate include Tesco, Cert, SSL, Sainsburys, Christian Salvesen, Booker, DHL and DSV amongst others. SITUATION The subject property is located within the southern section of the Estate immediately off the principal estate road, Touchet Hall Road. This section of the Estate is characterised by modern predominantly large scale distribution units. Immediate occupiers include the adjacent Aldi unit (see below) to the east, Tesco to the west and DFDS and UK Cables to the north.
Page 1: ALDI STORES LTD, TOUCHET HALL ROAD,
Page 5 and 6: TENANCY The property is let in its

ALDI STORES LTD, TOUCHET HALL ROAD ... - King Sturge

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?