- Reversionary freehold warehouse ground rent investment
- The warehouse building has been sub-divided into 133 storage units
- 124 leases each granted for a term of 250 years from 2013/2014
- Site area 0.348 hectares (0.859 acres)
- Rent review 2023 and 10 yearly to RPI
- Ground rent paid up to date including current year 2019/2020
- Leases are owned by 4 pension schemes
- Current ground rent £18,400 per annum
- Fixed uplift in 2023 to £36,800 per annum
Haydock is located 16 miles east of Liverpool, 23 miles west of Manchester and 10 miles north of Warrington. Haydock Lane Industrial Estate is situated just to the north of East Lancashire Road (A580), less than a mile from the M6 motorway (junction 23). The property is situated on the west side of Bahama Road. Nearby occupiers include Costco, Hertz, Booker and Sainsbury’s.
The property comprises a warehouse building of approximately 838.44 sq m (9,025 sq ft). The building has been subdivided into 133 storage units and includes office space plus a service yard and parking area. There is an enclosed service yard and parking area to the front and side of the property. The site area is approximately 0.348 hectares (0.859 acres).
Please refer to the legal documentation for a copy of the full tenancy and ground rent schedule
Please refer to Legal Documents
|Tenancy||Number of Storage Units||Sq M||Sq Ft||Rent (£pa)||Total Rent (£pa)|
|124 lease each for a term of 250 years from 2013/2104 (1) (2) (3)|
(1) Rent review in 2023 and 10 yearly thereafter to RPI. Fixed uplift in 2023 to £36,800 per annum.
(2) There is a management company, Strongbox Self Storage Limited, that operates the storage business from the premises. Further information can be found at www.strongboxselfstorage.co.uk.
(3) The Administrators have recovered £18,400 for the current year and £18,400 for 2018/2019. The leases appearing on the freehold title at the Land Registry indicate c.£17,000 pa is payable with the balance of the £18.400 being paid over for use of the unlet units. Brambles Administrator Limited, who act as agent on behalf of the pension schemes and pays over ground rent on behalf of the schemes have advised the Administrators that they will make arrangements for the Land Registry to be updated to consolidate the registered proprietors of the ground rent generating leasehold titles into professional trustees.
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