Units 21 – 24 Slaidburn Crescent, Slaidburn Industrial Estate, Southport
Full Let Industrial Investment Opportunity
0.943 hectares ( 2.33 acres ) — 4,806 m² ( 51,734 ft² )
Price Upon Application
Location
The property is situated within the well established Slaidburn Industrial Estate, which is the principle estate lying to the northern end of Southport. The location is a short distance from the A565 which links Southport with Preston via the A59.
Southport is an affluent seaside town on the Sefton Coast and is a gateway to the Ribble Estuary located approximately 18 miles north of Liverpool and 40 miles north west of Manchester. The town is well connected with the A565 providing a direct link to Liverpool and Preston and the A570 which leads onto Junction 3 of the M58 motorway network.
The town is readily accessible via rail services. There are frequent direct rail services to Liverpool and Manchester in as short a journey time of 45 minutes and 1 hour 10 minutes respectively.
Southport has an urban area population of approximately 94,421 and is a core part of the North West’s visitor economy. The town is well established and is one of the UK’s most popular seaside resorts, attracting more than 8.65 million visitors per annum.
Description
The premises comprise a substantial detached industrial property being predominantly portal frame construction with mixed brick, block and clad walls beneath mixed profiled sheet roof incorporating translucent roof lights. The property is built in bays in an ‘L’ configuration with 2 storey offices to the front together with further single storey works offices.
The building was originally in multi occupancy arranged in bays thus lending itself to be easily subdivided back into bays thus providing a range of options. The current Vendors have subdivided the building including utilities.
Unit 21
Let to Bell, Sons & Co. (Druggists) Limited by way of a 15 year lease from the 1st February 2024 on a full repairing and insuring basis, at a passing rent of £121,228 per annum (£5.25 per sq ft).
There are 5 yearly tenant breaks and rent reviews to RPI (All items).
Unit 22
Let to ITP Packaging Ltd by way of a 5-year lease from 1st December 2024 on a full repairing and insuring basis, at a passing rent of £40,000 per annum (£4.65 per sq ft). There isa tenant
break option at year 3 and a rent review at year 2 to open market rental value.
Units 23–24
Let to ITP Packaging Ltd by way of a 5-year lease from 1st September 2025 on a full repairing and insuring basis, at a passing rent of £83,000 per annum (£4.67 per sq ft). There is a tenant break option on 31st August 2028 and a rent review on 1st September 2028 to upward only open market rental value.
The undeveloped land adjacent (0.64 acres) previously benefited from planning permission for the development of 5 industrial units N/2007/0283 which has lapsed.
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Sat Nav Ref: PR9 9YF
