- Strategically located well specified regional distribution centre
- Leased to McLagan Investments Limited and guaranteed by Asda Group Limited the UK’s second biggest food retailer
- 15.5 years unexpired
- Fronting J31 of the M62, 5 miles (8 km) from both the M1 and A1(M)
- 336,260 sq ft total gross internal area excluding canopy
- Passing rent of £1,430,000 per annum equating to £4.25 per sq ft
- Site area of 21.77 acres with a very low site density of only 35.5%
- Estimated rental value £1,514,000 per annum (£4.50 per sq ft)
Offers invited in excess of £21,600,000 (Twenty One Million, Six Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this price reflects an attractive net initial yield of 6.26%, a net reversionary yield of 6.63% and a true equivalent yield of 6.9% after allowing for purchasers costs of 5.8%.