Units 2, 2E & 3, Julia Works, White Lund Industrial Estate - Industrial for sale in Morecambe

Located on White Lund Industrial Estate, the primary industrial and trade counter estate in the region. Comprises 2 trade counter units and a café unit totalling 26,307 sq ft. Let to Howdens, Screwfix and Peckish Catering Limited. WAULT of 8.41 years to lease expiries and 3.90 years to break. Total passing rent of £135,840 per annum. Our opinion of the Estimated Rental Value is £161,568 per annum, reflecting a potential reversionary yield of 8.50%. EPC (B). Freehold. Offers are invited in excess of £1,765,000 (One Million Seven Hundred and Sixty Five Thousand Pounds), subject to contract and exclusive of VAT. A sale at this level reflects a Net Initial Yield of 7.25% and a low capital value of £67 psf. OVERVIEW Reversionary multi-let trade counter investment opportunity As a global commercial real estate services leader with 52,000 professionals worldwide, we will never settle for the world that’s been built, but relentlessly drive it forward for our clients, colleagues and communities.