Gemini West Business Park, 15D Europa Boulevard, Warrington, WA5 7WH

The property comprises of 2 modern detached industrial units of steel portal frame construction, incorporating profile metal clad elevations and roofs.

Unit A has recently been refurbished to a very high standard, following a letting void.

The specification for each unit includes the following:

WAREHOUSE

• Eaves height of approx. 10m to the underside of the haunch

• Pitched insulated roof, incorporating translucent roof panelling

• New roof coating to Unit A (with 30 year guarantee available)

• Unit A has 3 ground level access loading doors

• Unit B has 1 ground level access loading door and 3 dock levellers

• Heating and lighting in Warehouse B

• Emergency lighting in Unit A

OFFICES / ANCILLARY

• Two storey ancillary office accommodation

• Heating and lighting

• Open plan and cellular accommodation

• Disabled access passenger lift

• Male, female and disabled WC’s

EXTERNAL

• Unit A has a yard depth of 29m

• Unit B has a yard depth of 40m

• Separate staff and visitor car parking areas

• Both units have secure perimeter metal fencing to the perimeter, together with CCTV security

• Prime industrial investment opportunity.

• Located in Warrington, in close proximity to Junction 8 and 9 of the

M62.

• Situated on the well-established Gemini West Business Park, in a

prominent position fronting Europa Boulevard.

• 2 modern self-contained units built to a high specification, totalling

73,237 sq ft (6,804 sq m).

• Unit A comprises of 24,760 sq ft (2,300 sq m) and has recently been

refurbished. Unit B comprises of 48,477 sq ft (4,504 sq m).

• Unit A is subject to an Agreement for Lease to Activate Accident

Repair Group Limited, for a 10 year FRI term at an agreed rent £173,320

per annum, reflecting £7.00 per sq ft.

• Unit B is let to IKEA Limited, on an FRI lease expiring on 24 June 2025, at

a passing rent of £311,138 per annum, reflecting £6.43 per sq ft.

• Total rent receivable will therefore be £484,458 per annum, reflecting a

low average rent of £6.62 per sq ft.

• Total ERV of £512,659 per annum, reflecting an overall rent of £7.00 per

sq ft.

• Site area of 4.26 acres representing a site density of 38%.

• Freehold.

• We are instructed to seek offers in excess of £7,900,000 (Seven Million,

Nine Hundred Thousand Pounds) subject to contract and exclusive of

VAT.

• A purchase at this level reflects an initial yield of 5.74% and reversionary

yield of 6.00%, after the deduction of purchaser’s costs of 6.67% with a

capital value of £108 psf.