Marketed by
Davies Harrison
Manchester
50 Bridge St, Manchester M3 3BW, UK
Under Offer
1 of 4
1 of 1
Offers in the Region of
£1,850,000
Expressway Business Park, St Asaph Road, Bodelwyddan, Rhyl LL18 5SQ
39165 sq. ft (3638 m²)
Key features
- Reversionary Investment Opportunity
- Located in an established industrial estate
- 39,165 sq ft (3,638.6 sq m)
- Site area of approximately 2.81 acres (1.14 hectares)
- Leased to Carlsberg Marston’s Brewing Company Ltd for a term of 35 years
- Lease expires 18th September 2029
- Current annual rental of £150,000 per annum equates to a low passing rent of £3.83 per sq ft
- Estimated rental value of £5.00 per sq ft
- Offers are sought in the region of £1,850,000 (One Million, Eight Hundred & Fifty Thousand Pounds) subject to contract and exclusive of VAT
- A purchase at this level reflects a Net Initial Yield of 7.63% after costs, which equates to £47.23 per sq ft
Description
Reversionary Investment Opportunity
PRICE REDUCTION!
Located in an established industrial estate
Self-contained industrial / warehouse and office facility totalling approximately 39,165 sq ft (3,638.6 sq m)
Site area of approximately 2.81 acres (1.14 hectares)
The property is leased to Carlsberg Marston’s Brewing Company Ltd for a term of 35 years, expiring 18th September 2029
The property has been sublet to Plastecowood until 17th September 2029
Current annual rental of £150,000 per annum equates to a low passing rent of £3.83 per sq ft
Estimated rental value of £5.00 per sq ft
Offers are sought in the region of £1,850,000 (One Million, Eight Hundred & Fity Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this level reflects a Net Initial Yield of 7.63% after costs, which equates to £47.23 per sq ft
Marketed by
Davies Harrison
Manchester
50 Bridge St, Manchester M3 3BW, UK