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Multi Let Industrial Investment Opportunity, Victoria Trading Estate, Drury Lane, Chadderton, Oldham, OL9 7PJ
23,679 Sq Ft / Industrial / General Industrial
Withdrawn - Last updated: 17 December 2021
- Multi-Let industrial estate with additional development land (stp).
- Located in Oldham, just off Manchester Road, 200m from junction 22 of the M60 motorway.
- Two industrial units, one of which has been split into three self-contained units.
- 23,679 sq ft of accommodation.
- Additional 1.91 acres of hard sanding with development potential (stp).
- Total site area of 3.16 acres with a very low site coverage of 18%.
- Current rent of £67,079 pa.
- AWULT of 4.94 years (4.52 to expiry).
- Ability to increase income to £90,784 pa by letting the vacant unit (this excludes hard standing areas).
- Offers in excess of £850,000 (Eight Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT.
- Applying £125,000 per acre to the development land, the net initial yield is 10.15% and a reversion of 13.74%, assuming acquisition costs of 5.80%.
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