Buckshaw Ave | Chorley PR6 7AJ
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Buckshaw Ave
Chorley PR6 7AJ
Industrial Property For Sale
Investment Highlights
- Strategic location between junction 8 of the M61 motorway and junction 28 of the M6 motorway.
- Unit R3 comprises a prime modern distribution warehouse totalling 9,897 m2 (106,532 ft2).
- 9 miles south of Preston and 25 miles north Manchester City Centre.
Executive Summary
The property comprises a modern self-contained distribution warehouse constructed in 2007. The building is of steel portal frame construction with profile metal and partial glazed curtain wall clad elevations under a pitched roof.
The property is currently let to Encon Investments Limited, for a term of 10 years from and including 10 January 2023, on a full repairing and insuring lease, subject to an upwards only rent review at year 5, to the Open Market Rent, with a Tenant’s break clause dated 10 January 2028. Encon Limited act as Guarantor to the lease.
In the event the Tenant does not trigger their break clause, the rent payable is reduced by 50% for a period from and including 10 January 2028 to and including 9 July 2028. In the event the Tenant does trigger their break clause, they are required to make a payment to the Landlord in the sum of £169,130.75.
The current annual rent payable is £676,523 per annum, reflecting a low overall rate of £6.35 psf.
The property is currently let to Encon Investments Limited, for a term of 10 years from and including 10 January 2023, on a full repairing and insuring lease, subject to an upwards only rent review at year 5, to the Open Market Rent, with a Tenant’s break clause dated 10 January 2028. Encon Limited act as Guarantor to the lease.
In the event the Tenant does not trigger their break clause, the rent payable is reduced by 50% for a period from and including 10 January 2028 to and including 9 July 2028. In the event the Tenant does trigger their break clause, they are required to make a payment to the Landlord in the sum of £169,130.75.
The current annual rent payable is £676,523 per annum, reflecting a low overall rate of £6.35 psf.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Rentable Building Area | 106,539 SF |
| Cap Rate | 5.40% | No. Stories | 3 |
| Tenure | Freehold | Year Built | 2008 |
| Property Type | Industrial | Parking Ratio | 0.79/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 39 FT 4 IN |
| Building Class | B | No. Dock-High Doors/Loading | 20 |
| Lot Size | 4.91 AC |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 4.91 AC |
| Rentable Building Area | 106,539 SF |
| No. Stories | 3 |
| Year Built | 2008 |
| Parking Ratio | 0.79/1,000 SF |
| Clear Ceiling Height | 39 FT 4 IN |
| No. Dock-High Doors/Loading | 20 |
Amenities
- Fenced Lot
Utilities
- Lighting
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