Investment Summary

Brand-Rex Ltd, Bridgewater Business Park, St Helens Road, Leigh, WN7 4HB

  • Single-let industrial investment with strong asset management potential
  • Well located with good access to the A580 and Junction 23 and 22 of the M6 Motorway providing access to Manchester, Liverpool and Warrington
  • 117,996 sq ft on a site of 5.09 acres
  • Healthy unexpired term of 9.25 years (4.25 years to break)
  • Let to Brand-Rex Limited at a low passing rent of £280,369 per annum (£2.37 psf)
  • Fixed uplift to £309,550 per annum (£2.62 psf) in October 2021
  • For the year end 31 Dec 2015, Brand-Rex Ltd posted a turnover of over £65 million and a pre-tax profit of £3,543,000. They have since been acquired by Leviton, North America's largest private electrical wiring manufacturer
  • The adjoining site benefits from an outline planning consent for a residential scheme thereby creating excellent prospects for residential consent in the medium term
  • Freehold
  • Our client is seeking offers in excess of £2,900,000 (STC)
  • Attractive Net Initial Yield of 9.04%, rising to 10.04% in October 2021
  • Extremely low capital value of just £24.58 psf
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