Investment Summary

The Quays Industrial Portfolio, Salford, Greater Manchester

  • 4 prime single let warehouse investments in Salford, Greater Manchester
  • Well located within the Salford Quays industrial area, just 2 miles west of Manchester city centre and 0.5 miles from MediaCity UK
  • Easy access to both the A57 ring road and M602
  • Total of 4 units extending to a total of 23,506 sq ft, each with a large demised yard
  • Fully let to four tenants
  • Total net rent of £112,250 per annum (£4.77 psf)
  • 71% of income secured to covenants with a 'Very Low Risk' Creditsafe rating
  • Tenants include Sky and Nurpharm
  • Estimated net rental value of £137,492 per annum, (£5.85 psf)
  • WAULT of 8.96 years to break and 3.58 years to expiry
  • 3 Freehold units, 1 long leasehold (125 years wef 25th March 1985 at £7,500 per annum)
  • Offers in excess of £1,500,000 (Subject to Contract)
  • Net Initial Yield psf 7.05% (rising to 7.35% with contractual management charges)
  • Reversionary Yield of 8.64% (rising to 8.98% with contractual management charges)
  • Low Capital Value of £64 psf
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