Deliveroo, 10 Foundry Business Park, Salford
£171.43 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
3,500-4,000 sq ft
325-372 sq m
- SECTOR
Light industrial facility for sale
- USE CLASSUse class orders: B8 Storage and Distribution
B8
Key features
- Highly Reversionary Single-let Industrial investment in Salford extending to 3,691 sqft.
- Excellent strategic location just 1 mile from Manchester City Centre, MediaCityUK and Trafford Park.
- Let to the undoubted covenant of Deliveroo SP Limited, a wholly owned subsidiary of Deliveroo PLC.
- Passing rent of £40,575.50 reflecting a low rent of £11.00 psf
- Let for a term of 10 years expiring 9th August 2028 (3.3 years unexpired).
- ERV of £15.50 psf, based on comparable evidence on the estate.
- Dedicated parking and delivery access to the rear of the unit via a large loading apron and parking area.
- Offers are sought in excess of £600,000 Assuming purchasers' costs of 5.05%, a purchase at this level reflects the following yield profile: 6.28% Net Initial Yield. 8.92% Net Reversionary Yield.
Description
* Excellent strategic location just 1 mile * from Manchester City Centre, MediaCityUK and Trafford Park.
* Long Leasehold for a term of 250 years (239 years unexpired).
* Let to the undoubted covenant of Deliveroo SP Limited, a wholly owned subsidiary of Deliveroo PLC.
* Passing rent of £40,575.50 reflecting a low rent of £11.00 psf
* Current headlease rent payable of £1,000 pa. (Net rent therefore £39,575.50 pa)
* Let for a term of 10 years expiring 9th August 2028 (3.3 years unexpired).
* ERV of £15.50 psf, based on comparable evidence on the estate.
* Dedicated parking and delivery access to the rear of the unit via a large loading apron and parking area.
Offers are sought in excess of £600,000
Assuming purchasers' costs of 5.05%, a purchase at this level reflects the following yield profile:
* 6.28% Net Initial Yield.
* 8.92% Net Reversionary Yield.
* Capital Value of £163psf.
Brochures
Deliveroo, 10 Foundry Business Park, Salford
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Pomona Tram Stop0.3 miles
- Exchange Quay Tram Stop0.3 miles
- Salford Quays Tram Stop0.3 miles
Notes
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