Glossop Brook Business Park, Glossop Brook Road, Glossop, Derbyshire SK13 7AJ
Download the Sales Brochure Make an enquiry
£6,800,000
Jan 2025
- Opportunity to acquire a highly reversionary regional multi-let industrial estate
- Located within the established and popular town of Glossop, providing direct access to the M67 motorway, which links in turn to the wider Greater Manchester conurbation
- The estate extends to 80,556 sq ft across 19 units on a site area of approximately 3.91 acres
- Fully let to 11 tenants, providing a weighted average unexpired lease term to expiry of approximately 6.69 years and 3.04 years to break
- A very low passing rent of £526,400 PA, reflecting only £6.53 per sq ft, offering significant scope for future reversion
- Well established and diverse spread of income with no single tenant accounting for more than 16% of the total rent roll
- Strong reversionary potential with an Estimated Rental Value of £688,981 Per Annum, reflecting £8.55 psf
- Freehold
- Low overall capital value of £84.41 psf.
- Offers are invited in excess of £6,800,000 (Six Million, Eight Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 7.27% and a headline reversionary yield of 9.51%, assuming purchaser’s costs of 6.65%