The 87,622 sq ft property is of steel frame construction with ancillary office accommodation of 13,060 sq ft, which is 14% of the total area. The main warehouse has an eaves height of 6.5m. There is a separate industrial building totalling 5,132 sq ft with ancillary office space and an eaves height of 4.6m. The site area of 6.18 acres equates to a site coverage of 30%. The site is secured by perimeter fencing, an entrance barrier and CCTV. There is extensive car parking.
St Helens is located 12 miles due east of Liverpool and 22 miles west of Manchester. The property is situated on the edge of the Lea Green Industrial Estate, which is an established industrial area. Walkers lane is approximately 2 miles from the A570 which provides a direct link to the M62.
Let to Kverneland Group (UK) Limited until December 2015. Kverneland ASA (guarantor) is one of the leading international companies developing, producing and distributing agricultural machinery.
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
Preparation of schemes to sub divide and develop the property if the tenant was to vacate at lease expiry in December 2015.
