22 Grimrod Place, East Gillibrands Industrial Estate, Skelmersdale, Lancashire, WN8 9UU

Investment Summary

  • Skelmersdale is a traditional industrial town, 13 miles to the northeast of Liverpool and 25 miles northwest of Manchester
  • Well located within the established East Gillibrands Industrial Estate
  • Excellent motorway connections to Junction 4 of the M58 motorway and Junction 26 of the M6 motorway
  • Modern Industrial warehouse unit incorporating office accommodation totaling 68,249 sq ft
  • Secure self contained site of approximately 4.75 acres (1.92 ha), with low site coverage of 31%
  • Let to DI UK Ltd with a guarantee from International General Electric (U.S.A) on a 25 year lease with an unexpired term of 8 years to expiry and 3 years to break
  • Total passing rent of £265,000 per annum reflecting a low passing rent of £3.88 psf
  • We are instructed to seek bids in excess of £2,650,000 (Two Million, Six Hundred and Fifty Thousand Pounds). A purchase at this level provides a Net Initial Yield of 9.40% after allowing for purchasers costs of 6.40%
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