High quality multi let office park comprising 3 buildings extending to a total of 24,480 sq ft
Prominently located on Manor Park, a long established business park location with proven tenant demand and high retention levels
Manor Park benefits from direct access to the Daresbury Expressway (A558) which in turn connects to the wider motorway network via the M56 and M62
Large freehold site extending to 2.65 acres which provides the tenants with an attractive car parking ratio of 1:222 sq ft (110 spaces)
Passing rent of £264,877 per annum which equates to a low average of £10.82 per sq ft
71% of income is secured to EMOVIS - a longstanding good credit tenant who have heavily invested in the space and have strong ties to the location
The asset has a Weighted Average Unexpired Lease Term (WAULT) of 3.5 years to break and 4.0 years to expiry
Block C provides numerous asset management angles
We are seeking offers in excess of £2,765,000 (Two Million Seven Hundred and Sixty Five Thousand Pounds), subject to contract and exclusive of VAT.
A purchase at this level reflects an attractive NIY of 9.00% and a low capital value of £113 psf, which is substantially below replacement cost.
