Multi-Let Industrial Investment Opportunity
Penrhyn Court
Penrhyn Road Knowsley Business Park L34 9AB
Penrhyn Court, Penrhyn Road, Knowsley Business Park, L34 9AB Penrhyn Court, Penrhyn Road, Knowsley Business Park, L34 9AB
Executive Summary
• Penrhyn Court is an opportunity to acquire a modern, high specification multi-let industrial investment
• It benefits from excellent road communications, strategically situated adjacent to both the A580 East Lancashire Road and junctions 4 & 5 of the M57 motorway which lead to the wider regional and national motorway network
• Situated on a well-established, successful industrial and business park strategically located between Liverpool to the west and Manchester to the east
• Modern industrial / warehouse accommodation with ancillary offices comprising 10 predominantly detached units extending to 95,170 sq ft (8,841.29 sq m)
• 5 units let (which total a GIA of 43,325 sq ft), 5 units sold on long leases
• Site of approximately 6.053 acres with a low site coverage of 31%
• Total net income of £194,730 per annum with a potential ERV of £208,537 per annum
• We are instructed to seek offers in excess of £2,362,500 (Two Million Three Hundred and Sixty Two Thousand Five Hundred Pounds) representing a Net Initial Yield of 7.75% and a Reversionary Yield of 8.30% (assuming purchaser’s costs of 6.36%) for our clients’ Freehold interest
• A purchase at this level would represent a low capital value of £59 per sq ft (excluding the mezzanine areas) or £55 per sq ft overall Penrhyn Court, Penrhyn Road, Knowsley Business Park, L34 9AB Location
Knowsley is situated approximately 11 miles east of Liverpool and 29 miles west of Manchester and has a borough wide population of 145,000 increasing to 1,500,000 people in the wider Liverpool city region. It is situated immediately to the east of junctions 4 & 5 of the M57 motorway and adjacent to the A580 East Lancashire Road providing immediate access to the regional and national motorway networks. Due to the excellent road communications and its strategic location between Liverpool and Manchester, Knowsley is one of the key industrial / warehousing locations in both Merseyside and the wider northwest region. The A580 East Lancashire Road links directly to Liverpool and Manchester and the M57 connects to the M62 approximately 5 miles to the south which in turns leads to the M6 and M60
motorways to the east. To the north the M57 connects29 to the M58 providing ease of access to the north Merseyside conurbation. 29 1 3 4 Both John Lennon and Manchester International Airports are within close proximity and combined with the regions rail and freight connections the wider Knowsley conurbation has attracted and retained occupiers such as Jaguar Land Rover, Virgin Media, DHL, Matalan, QVC, Home Bargains and News International.
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