Investment Summary

Rotalac Plastics Limited, Southmoor Road, Wythenshawe, Manchester M23 9DU

  • Well located industrial investment
  • 2 Industrial units on site (26,814 sq ft + 9,791 sq ft = 36,605 sq ft
  • Profile metal clad elevations and roof
  • Large site of 1.84 acres (site cover of 37%) with 41 car parking spaces
  • Let to Rotalac Plastics Limited (guaranteed by Coral Products Plc - limited to £178,064.50
  • FRI limited by a Schedule of Condition
  • Current rent of £128,000 per annum (£3.50 psf)
  • Fixed increase on 19th January 2021 to £148,387 (£4.05 psf)
  • Held LLH on 2 seperate leases from Manchester City Council
  • Phase one - 99 years from 1st March 1979, expiring 30th April 2078 (59.75 years unexpired). £17,670 per annum current rent. Reviewed 5 yearly to 16.67% of the higher of rents received or rental value
  • Phase two - 99 years from 23rd May 1980, expiring 22nd May 2079 (60.8 years unexpired). £5,917.87 per annum current rent. Reviewed 5 yearly to 16.67% of the higher of rents received or rental value
  • Total ground rent of £23,588 per annum (next reviewed 2019 and 2020)
  • Total net income £104,412 per annum
  • Offers in excess of £1,000,000 (STC)
  • 9.87% Net Initial Yield, Reversionary Yield of 11.80% (January 2021)
  • Very low capital value of £27.32 psf
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