The 34,538 sq ft property was constructed in 1995 and is a warehouse building with single storey office and a canopied area. The construction is steel frame with brick and metal cladding, with a pitched metal clad roof. There is one electrically operated roller shutter door to the front and five loading doors to the Wheatlea Road elevation. The offices, which account for 10% of the space, are of a good specification.
Site of 1.92 acres, equating to a site coverage of 40%. There are two access points via Caxton Close and an exit via Wheatlea Road. There is perimeter security fencing with swing gates at each access point. Parking for approximately 23 cars.
Located 0.5miles south of Wigan and west of the A49 Warrington Road, which provides a direct link between the town centre and junction 25 of the M6, which is 0.5 miles to the south. Neighbouring occupiers include BHW, Redbridge, Netto and ASDA.
Let to MacFarlane Merchanting Ltd until January 2021. Guarantor Macfarlane Group Plc is a leading UK distributor of packaging consumable products.
Tenure: 999 year lease with a ground rent of £2.0 per annum.
Structure
The property was part of the Sapphire Portfolio (Part). See ‘Sapphire Portfolio (Part)’ section for further details.
Asset Management/Value-Add
Approached tenant to establish any interest in extending lease of this unit, and the other McFarlane units in the portfolio. No progress made prior to sale of portfolio.
