Ardent Hire Solutions Limited, Haydock Lane, Haydock WA11 9UH

Ardent Hire Solutions Limited, Haydock Lane, Haydock WA11 9UH

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  • Industrial investment with development potential

  • Situated on a rectangular plot on the popular Haydock Industrial Estate

  • Haydock is one of the premier industrial locations in the North West with excellent access to the M6 motorway

  • Property comprises of 8,281 sq ft (769.37 sq m) of warehouse accommodation on a site of 1.9 acres (10% site cover)

  • Let to Ardent Hire Solutions Limited (T: £52m, PTP: £4.2m, NW: £61m)

  • 10-year FRI lease wef 14th June 2018

  • Current rent of £84,108 per annum (£4.50 psf on units and £33k per acre on site overage above 40% cover)

  • Fixed uplift to £86,581 per annum at expiry of 5th year

  • Significantly reversion in the open market to circa £100,000 (£4.50 psf on units and £45k per acre)

  • Freehold

  • Offers in excess of £1,200,000 (STC)

  • Attractive Net Initial Yield of 6.62% and a Reversionary Yield of 6.81% (in June 2023)

  • Investment value underpinned by industrial land values (£630k per acre - hardstanding, sewerage and power connected)

  • Higher value alternative use possible STP

  • Major road infrastructure improvements will improve the area further

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