Carnforth 356, (J35, M6), Kellet Road, Carnforth, LA6 1FW

Prominently located adjacent to Junction 35 of the M6 Motorway.
Strong tenant line-up including Cadent Gas, Screwfix, Howdens and Linnaeus Veterinary.
Comprises 59,000 sqft across 5 high specification, new build units.
Four of five units pre-let to strong tenants with the vacant unit currently generating high levels of interest.
Passing rent on completion of £758,750pa.
Total site area of 6.1 acres showing a low site density of just 22.2%.
New 20-year leases on 58% of the income.
Pre-let AWULT of 18.3 years to expiry.
Freehold.
Practical completion due September 2024.
We are instructed to seek offers in excess of £11,350,000 exclusive of VAT.
A purchase at this level reflects a net initial yield of 6.25% (assuming usual purchaser's costs of 6.71%).

Carnforth 356