Blackpool SUEZ Waste Transfer Station, Chapel Road, Blackpool | Property for sale | Savills
Guide price £2,225,000(฿103,738,671)

Blackpool SUEZ Waste Transfer StationChapel Road, Blackpool

  • New
  • Sole agency
  • Freehold
Industrial & Logistics

Key features

  • Long Income Investment Opportunity
  • Let to SUEZ Recycling and Recovery
  • Lease Expires 03/01/2038 (14 Years Unexpired)
  • Producing £177,912 per annum
  • Rent Reflects a Low £5.00 per sq ft
  • Annual CPI Linked Uplifts (1%-4%)
  • Tenants Option to Renew
  • 35,547 sq ft (3,302.31 sq m)
  • Site Area - 5.79 acres (2.345 hectares)
  • Guide Price Reflects 8.00% Gross Yield

Waste Recycling Centre Let to SUEZ with 14 Years Unexpired and Producing £177,912 pa Annual Index Linked Uplifts and Tenants Option to Renew for 15/25 Years

About this property

  • The property comprises a rarely available industrial investment opportunity let to the undoubted covenant of SUEZ Recycling and Recovery, one of the UKs largest waste management businesses. Arranged across a site of 5.79 acres (2.345 hectares), the property is used as a recycling and waste management centre and occupies a prime pitch on the outskirts of Blackpool and adjacent to the M55 motorway. The property is let to SUEZ Recycling and Recovery UK Limited on a 25 year lease expiring 03/01/2038 and paying £177,912 per annum, the lease includes annual uplifts in line with CPI (cap and collar of 1%-4%) and the tenant benefits from an option to extend the lease for a term of either 15 or 25 years upon expiry.

Additional information

  • The property is let on a 25 year lease expiring 03/01/2038 to SUEZ Recycling and Recovery UK Limited and paying £177,912.90 per annum.
  • The lease includes a Guarantor Agreement with SUEZ Recycling and Recovery Holdings UK Limited.
  • The lease is on full repairing and insuring terms and includes annual uplifts in rent linked to the Consumer Price Index (CPI) with a "cap and collar" of 1%-4%.
  • The lease includes a tenants option to renew (exercisable for 6 months prior to 03/07/2037) for a term of either 15 or 25 years on the same terms and paying Market Rent.
  • SUEZ Recycling and Recovery UK Limited (Tenant)
  • - D&B Rating: 5A2
  • - Turnover (2022): £765m
  • - Pre Tax Profit (2022): £15.95m
  • - Employees: 3,967
  • SUEZ Recycling and Recovery Holdings UK Limited (Guarantor)
  • - D&B Rating: 5A2
  • - Turnover (2022): £975m
  • - Pre Tax Profit (2022): £45.79m
  • - Employees: 5,571