Alumex Works, Water Lane, Halifax, West Yorkshire, HX3 9HG

Offers in excess of £2695000

Alumex Works comprises a multi-let industrial estate comprising approximately 42,579 sq ft plus car park and open storage compounds.

- Highly yielding industrial investment located approximately 1 mile south of Halifax town centre.
- Industrial and trade complex comprising 42,579 sq ft plus car park and open storage compounds totalling approximately 1.60 acres.
- 5.21 acres with a low site cover 19%.
- Freehold.
- Fully let to four tenants producing £229,360 pa.
- Guaranteed rental performance through fixed uplifts increasing to £261,360 pa over the next 3 years.
- Attractive WAULT of 6.3 years to expiries (5.0 years to breaks).
- EPC ratings B and C.
- First time the asset has been brought to market in over 40 years.

We are instructed to seek offers in excess of £2,695,000 (Two Million Six Hundred and Ninety-Five Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level provides a Net Initial Yield of 8.00% and a minimum reversion to 9.11% over the next 3 years, assuming standard purchaser's costs. Pricing reflects £52.00 psf to the warehouse accommodation and £300,000 per acre to the car park and yard areas.

Alumex Works is strategically positioned on Water Lane, on the southern fringes of Halifax Town Centre. The property benefits from immediate access to Skircoat Road (A629), a key arterial route providing direct connectivity to the wider road network, including Junction 24 of the M62 motorway approximately 4 miles to the south.