Bridle Way Bootle, Merseyside, L30 4Ua Investment Summary
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HIGH YIELDING MULTI-LET INDUSTRIAL ESTATE BRIDLE WAY BOOTLE, MERSEYSIDE, L30 4UA INVESTMENT SUMMARY • High yielding multi-let industrial warehouse investment with adjoining two storey offices and a large secure surfaced yard area with significant reversion. • Immediate asset management opportunities to improve rental tone on the estate. • Prominent location situated in the heart of Bootle’s industrial location on Bridle Way. • Five industrial warehouse bays and a two storey office building totalling 58,686 sq ft with an extensive yard expanding to 2.64 acres. • Total site area of 4.35 acres, providing a very low site density of 25%. • Fully let to five tenants producing a gross rental income of £132,482 per annum reflecting a very low average rent of just £2.26 psf and a net income of £127,482 per annum. • Significant reversion with an ERV of £202,893 per annum. • Long leasehold. • Offers are sought in excess of £1,050,000 (One Million and Fifty Thousand Pounds). • A purchase at this price reflects an attractive net initial yield of 11.48% with minimum uplift to 11.62% in April 2019 and with a highly attractive reversion of 17.81%, assuming purchaser’s costs at 5.80%. • A very low capital value of just £17.89 per sq ft. BRIDLE WAY BOOTLE, MERSEYSIDE L30 4UA HIGH YIELDING MULTI-LET INDUSTRIAL ESTATE A583 M55 32 A671 3 1 4 11 M6 A59 10 A6 M65 9 A583 A666 8 Blackpool 31 7 SAT NAV: L30 4UA A584 Preston 6 Blackburn A646 30 5 29 29 4 A56 1 3 A646 LEYLAND 28 M65 Buckshaw Village 8 CHORLEY 1 A58 M6 M61 22 A666 M66 ROCHDALE 21 BURY A58 M62 27 2 Horwich BOLTON 20 3 Ormskirk 6 A58 19 5 M58 4 3 4 19 OLDHAM 5 26 3 17 20 16 21 22 1 14 Wardley 25 A627 7 A580 A5063 M6 12 SALFORD M57 24 1 2 3 A6010 23 6 A580 11 Eccles 23 Aintree A59 4 10 M67 ST HELENS 24 3 Bootle M62 MANCHESTER A58 Wallasey 3 102 22 11 A6 25 10 6 A34 A5058 A57 M62 21A 26 1 9 A56 5 27 Moreton 5 THE SITE 6 7 1 4 2 2 21 3 1 3 A553 2 Birkenhead A5300 A557 4 M60 3 LIVERPOOL 5 A562 20 8 M56 A41 Widnes A56 6 A6 Prestatyn Speke 9 4 Manchester 10 Airport Heswall Liverpool A533 River Mersey John Lennon 11 Airport A523 A540 M53 A557 A34 12 19 5 6 7 M6 8 Ellesmere Port A533 A55 9 A537 M56 A556 10 14 A537 St. Asaph A548 A49 11 A537 15 NORTHWICH MACCLESFIELD A541 Flint A41 A5119 A5117 A556 A54 A34 12 A533 18 A494 A51 A54 A49 CHESTER A523 A53 A55 Congleton LOCATION 17 Bootle is a suburb of Liverpool, the UK’s sixth largest city and is the commercial administrative centre for the BOOTLE IS A SUBURB OF County of Merseyside. The County has a residential population of 1.5m, with 6.5m people within 1hours drive. The Liverpool City Region is served by a national railway station, an international airport & sea port and the LIVERPOOL, THE UK’S region’s excellent motorway network. SIXTH LARGEST CITY AND Bootle is located approximately 35 miles west of Manchester, 19 miles north of Chester and 36 miles south-west of IS THE COMMERCIAL Preston. Bootle benefits from an excellent strategic location benefiting from the extensive Motorway network in the North West of England. ADMINISTRATIVE CENTRE FOR THE COUNTY OF The Liverpool City region has undergone a renaissance within the last 10 years with significant investment due in parts to the international recognition the City received being European Capital of Culture 2008. Recent MERSEYSIDE. developments include Grosvenor’s Liverpool One Shopping Centre, The Met Quarter, the new cruise liner facility, Liverpool Arena and Convention Centre at Kings Dock, Liverpool. COMMUNICATIONS SITUATION The region benefits from excellent communications as follows. Bootle is situated approximately six miles north of Liverpool city centre. The area has a population of 98,449 persons (2011 figure) and benefits from good road Road - The region is served by the M57, M56, M62, M58 and M6 making it an communications with both the M58 and M57 motorways easily accessible and excellent strategic location in which to serve the North West of England and providing direct access to the M6 motorway to the east and the M62 motorway beyond. The M62 motorway connects Liverpool to Manchester and Leeds via the to the south. M60 orbital motorway. The property is positioned within an established commercial area at the junction Air - Liverpool John Lennon Airport is the UK’s 12th busiest airport, handling over of Bridle Road and Bridle Way. Both Dunningsbridge Road (A5036) and Ormskirk 4.9m passengers in 2017. There are regular scheduled flights to 60 domestic and Road (A59) provide direct access to the M57 and M58, approximately 0.8 miles to European destinations as well as charter flights. The growth of the airport has the north east. led to recent facilities to include a new multi storey car park, enhanced leisure facilities, together with a Hilton Hotel. Nearby occupiers include Royal Mail, Peoples Ford, Shop Direct, an ASDA Supermarket and Merseyside Fire and Rescue Authority. B Rail - Liverpool has major railway connections, with the main line station being 52 07 B B L YD R D 2 A IA O 9 E T N E 1 D LAN O K Liverpool Lime Street which is served by Virgin Trains as well as regional andG local E M OA 5 E S AD B L C R A L RO M58 R RO S A S O E NE N N E H BARN LA C T E E K I T G L E A trains, with approximate journey times of 40 minutes to Manchester, 1 hour 30 ID N N E E E A N R L ERN A N B ORTH PERIMETER R A 5207 N OAD B R L L A L T S IC L O A G E D minutes to Birmingham and 2 hours 10 minutes to London Euston. C N D H A N S I A Y L W E E N Y R L R N E P K W C U E U 2 D R 9 B 1 B 5 B 6 3 FLEETWOODS 0 Sea – Liverpool’s Super Port is within touching distance of the subject property. LANE 5 2 A 2 4 5 B NE M57 C The Port has recently completed a major upgrade, with the new Liverpool LA O S P WN Y BRO LA NE E S S 2 Container Terminal doubling the handling capacity at the Port and also N W P A IFT EN S OLD ROAN C L SWITCH ISLAND E R L RETAIL & LEISURE B S Y AN 5 L PARK ANE E P 1 E ARK 9 S 4 R A permitting direct entry for larger vessels from Asia into Liverpool rather than the I O L N G A NE D D T H 2 A R E A 2 WE E O Y 4 S S E TEMIS LA R E NE O 5 H L S redistribution of goods onto smaller vessels at Rotterdam. A A V T E B N I R M E BOOTLE R IDG R K AINTREE D O GOLF CLUB R A SHOPPING PARK B D D R L I D S E G I A K F IN S M57 E O T I NN RACECOURSE B R 5 H M 19 RETAIL & BUSINESS 4 W DU R Y PARK AINTREE 2 6 9 P 1 E O 5 3 A B 0 RACECOURSE LIVERPOOL 5 R L K A 9 MUNICIPAL NORTH L B L 5 5 A GOLF COURSE A D V NE 1 E A A 9 V S T 4 O D Y A AINTREE 6 R R O A O R A 0 N A GOLF COURSE 5 5 D AINTREE G IN O D N A 0 I T T A L R F 3 L E O E E E 8 M L S H R A C N N 2 R 2 E U E 4 H D 5 C T A O THE SITE B H R E 6 E 3 V E L 50 I ID AD Y R R R A R A O B W R D T E O Y L FAZAKERLEY E O D L S I L I O R A N B V R 6 O A50 M R R W C A R E H O K A NE H L P Y LA L MOOR P A C LONG 6 W ROAD 0 L E 5 E O A T L H H R R R O BMI SEFTON O A O E P B W W U L O 5 R A L HOSPITAL E S R N T L R R T 6 T A / AINTREE E E S L A N A A LA L 7 R L E UNIVERSITY HOSPITAL N A W E N N A O E W Y L E A 9 SEAFORTH & D IN 5 LITHERLAND A A C R E A566 R SAT NAV: L30 4UA D LIVERPOOL BOOTLE DOCK PORT OF LIVERPOOL M62 M57 / M58 DESCRIPTION The property comprises a former manufacturing site which has been split to The offices, which adjoin the industrial warehouses are of concrete frame provide five warehouse bays together with an adjoining two storey office building construction beneath a flat roof.