Log In/Sign Up
Your email has been sent.
Swan Lane Industrial Estate 1 Swan Ln 287,763 SF 100% Leased Industrial Building Wigan WN2 4AR $26,841,475 CAD ($93.28 CAD/SF) 8.50% Cap Rate
Investment Highlights
- Multi-let estate in the established Hindley Green industrial area of Wigan
- Very low capital value of only £49 per sq ft - reflecting a highly attractive net initial yield of 8.50%
- Total of 294,098 sq ft on a 14.41 acre site
Executive Summary
Savills are instructed to market Swan Lane Industrial Estate, a multi-let estate in the established Hindley Green industrial area of Wigan.
The property provides a total of 294,098 sq ft on a 14.41 acre site. The scheme is fully let to three tenants producing a net income of £1,298,175 per annum. Open market rent review provides the opportunity to capture reversion, with a further 0.5 acres of surplus land suitable for open storage use, providing an immediate opportunity to drive the running yield.
The vendor is seeking offers in excess of £14,310,000 - a very low capital value of only £49 per sq ft - reflecting a highly attractive net initial yield of 8.50% and a reversionary yield of 10.70%.
The property provides a total of 294,098 sq ft on a 14.41 acre site. The scheme is fully let to three tenants producing a net income of £1,298,175 per annum. Open market rent review provides the opportunity to capture reversion, with a further 0.5 acres of surplus land suitable for open storage use, providing an immediate opportunity to drive the running yield.
The vendor is seeking offers in excess of £14,310,000 - a very low capital value of only £49 per sq ft - reflecting a highly attractive net initial yield of 8.50% and a reversionary yield of 10.70%.
Property Facts
| Price | $26,841,475 CAD | Lot Size | 13.43 AC |
| Price Per SF | $93.28 CAD | Rentable Building Area | 287,763 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 8.50% | Year Built | 1989 |
| Tenure | Freehold | Parking Ratio | 0.25/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 19’ (5.79 m) |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 8 |
| Building Class | C |
| Price | $26,841,475 CAD |
| Price Per SF | $93.28 CAD |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 13.43 AC |
| Rentable Building Area | 287,763 SF |
| No. Stories | 2 |
| Year Built | 1989 |
| Parking Ratio | 0.25/1,000 SF |
| Clear Ceiling Height | 19’ (5.79 m) |
| No. Drive In / Grade-Level Doors | 8 |
Amenities
- Fenced Lot
- Security System
- Signage
- Wheelchair Accessible
- Yard
- Reception
- Automatic Blinds
- Storage Space
- Air Conditioning
- On-Site Security Staff
Utilities
- Lighting
- Gas - Natural
- Water
- Sewer
- Heating
1 1
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Swan Lane Industrial Estate | 1 Swan Ln
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.