Capitol Trading Park on the market for £9.5m
The multi-let industrial estate off Kirkby Bank Road totals around 140,000 sq ft of floorspace and is located within Knowsley Industrial Park.
Property consultants Allsop and LM6 Property Solutions are the joint agents selling the freehold for Capitol Trading Park.
The agents are asking for offers in excess of £9.5m, which reflects a net initial yield of 8% after allowing for a capital value of £68/sq ft and 6.7% purchaser’s cost.
The seven-acre site is made up of 22 workshops and warehouses, suitable for light industrial use.
Units range from 1,595 sq ft to 24,481 sq ft.
Currently, the site boasts a total annual rent of £815,400, ranging from £7,800 to £127,000 for individual units.
Of the 22 units, 18 are occupied. Tenants include building solutions provider Highbury Homes and Talens Engineering.
The virtual freehold is currently held by Knowsley Council, with 922 years remaining.
