Catalyst sells Littlewoods site for £8.5m

Catalyst has sold a 330,100 sq ft warehouse facility on a 20-acre plot in Bolton to private real estate fund Clearbell Capital for £8.5m, a yield of 8.35%.

The property is currently occupied by Littlewoods Retail on a five-year lease which expires in November 2018, at an annual rent of £750,000.

The self-contained distribution facility is located in Little Hulton. The warehouse comprises two units of 134,747 sq ft and 178,037 sq ft, in addition to 17,314 sq ft of ancillary accommodation.

King Street Commercial acted for Clearbell Capital on the deal while GVA acted for the vendor, Catalyst.