| Property Type | Industrial/Logistics / Open Storage |
| Tenure | For Sale |
| Size | 3.92 Acres |
| Price | Offers in excess of £2,750,000 |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | Upon enquiry |
Irlam Industrial Estate is an established multi-let industrial investment opportunity extending to 3.92 acres freehold, offering ultra-low site density (10.7%) in a prime Greater Manchester urban location.
The estate comprises a range of industrial units and open storage plots let to a mix of regional and local covenants, producing a global rent passing of £223,202 per annum, equating to £6.17 per sq ft over the existing units and £58,323 per acre over the open storage plots. The estate has a WAULT of 1.53 years, offering near-term repositioning potential, with 78% of the income not benefiting from '54 Act protection - providing a clear pathway to full vacant possession and mid-teen IRR performance through repositioning.
Offers are sought in excess of £2,750,000 (Two Million, Seven Hundred and Fifty Thousand pounds), subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 7.63% after purchaser's costs of 6.42% and a site value of £700,000 per acre, which is fully supported by local industrial land values.
It is envisaged that the transaction will be treated as a Transfer of a Going Concern (TOGC) for VAT purposes. To comply with Anti-Money Laundering regulations, identification checks and confirmation of source of funding will be required from any purchaser.
The property benefits from excellent connectivity to Manchester city centre and the wider North West region, being situated within 3 miles of Junction 11 of the M60 at Eccles. The site lies directly opposite Northbank Industrial Estate and within a 15-minute drivetime of Trafford Park, with Irlam railway station also close by.
