Glenbrook Investments picks up Haydock sheds

Coral Products has sold the North and South buildings at Haydock Industrial Estate, comprising a combined 20,000 sq ft, to the firm for £1.7m.

As part of the deal, the units on North Florida Road have been leased back to Coral subsidiary Film & Foil Solutions on unbroken 15-year FRI leases at £155,000 per year with RPI rent reviews.

Haydock Industrial Estate is an established industrial location with a strategic location on the A580, near the M6 and M62.

Mahor occupiers in the area include Amazon, Booker, Costco, Kellogg’s and Sainsbury’s.

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Glenbrook has previously completed a transaction with Coral Products following the successful acquisition of its headquarters building on North Florida Road in Haydock in a sale and leaseback transaction in 2021. That building was subsequently sold to Schroders REIT.

Scott Griffiths, investment director at Glenbrook, said: “It is great to transact again with Coral Products.

“The rarity of securing small industrial units in this location, coupled with it being the perfect base to support the tenant’s growth ambitions, led to the agreement of a long-term, index linked lease commitment and parent guarantee.”

OBI advised Coral Products. CMS represented Glenbrook Investments.