EE Unit  - Lapwing Centre, Waters Edge Business Park, Salford, Manchester M5

Industrial unit providing approximately 20,000 sq ft,  located within Salford Quays within close proximity to MediaCityUK.

The property is held leasehold for a term of 999 years from Mar 2003, subject to a head rent payable of £5,000 pa.

The entire property is let to E E Limited for a term of 25 years from Sept 2001 (exp Sept 2026) at a net of

£151,252 per annum, subject to 5 yearly RPI linked rent reviews.

Sold to a private UK investor for £1,850,000, reflecting a net initial yield of 7.65% and a capital value of £93 per sq ft.