Key statistics at 31 March 2020


£2.8 million                                                  



Contracted rent:


Average rent per sq ft:




Key tenants:

Amazon UK Services Limited

What is it?

We acquired this modern, purpose-built and newly refurbished warehouse in October 2018, for £2.8 million. It offers 49,000 sq ft of space and has excellent motorway access to Liverpool and Manchester airports, the Port of Liverpool and the M62/M6 interchange. The warehouse is let to a major e-commerce retailer on a newly agreed five-year lease, to serve its last-mile distribution needs.

Why did we buy it?

The NIY was a highly attractive 7.3% and we judged the rent of £4.42 sq ft to be reversionary, against pricing for similar space around Liverpool Airport and Warrington.

What is the future?

We are seeking to remove the planning restriction preventing 24-hour access and to extend permitted uses to B1 (business use), B2 (general industrial) and B8 (storage and distribution). We will also look to negotiate the removal of the tenant-only break clause at year three.


“This warehouse is very well suited to e-commerce business being in an established location, close to urban centres and has strong transport infrastructure. We were pleased to be able to acquire it for the Group at such an attractive NIY, with the North West market seeing record levels of investor and tenant demand.”

Andrew Bird
Managing Director, Tilstone