Council buys Haydock industrial unit
09 October, 2019
category: Property News
Warrington Borough council has paid £45.3m for a distribution unit of 377,000 sq ft fronting on to the M6 motorway in Haydock Industrial Estate.
Niche North West industrial agent B8RE, acting on behalf of A S Kendall and S R Thomas of Moorfields Advisory as joint administrators of Industrial North West, disposed of the asset.
The property, which was completed this year, is let to Movianto, a global healthcare logistics services company on a new 15-year lease with an option to determine at year 10.
The investment reflects a net initial yield of 4.82%.