Marketed by
Legat Owen
Chester
Albion House, Albion St, Chester CH1 1RQ, UK
Available
1 of 8
1 of 1
Offers in the Region of
£1,545,000
Parkway Business Centre, North Wales, Deeside Industrial Park, Deeside, Flintshire, CH5 2LE
19673 sq. ft (1827.68 m²)
Key features
- High yielding fully let Business Park investment
- AWULT to expiry of c.3.07 years and c.2.80 years to break.
- Extensive parking
- Located at the heart of Deeside Industrial Park
- Low capital value of £79 psf
- Opportunities for asset management
- £1,545,000 +
- £79 psf capital value
- NIY 11.53%
Description
High yielding 100% let office investment on the established Deeside Industrial Park
Located on Deeside Industrial Park - one of the premier business locations in North Wales
19,673 sq ft across 10 units
Fully let to 5 tenants including Booker Limited (37% of income)
Passing rent of £189,578 per annum reflecting £9.64 psf
AWULT to expiry of c.3.07 years and c.2.80 years to break.
Established ERV of £10 psf
1.15 acre site with the potential for future redevelopment/ alternative uses
Freehold.
11.53% NIY / £79 psf
We are instructed to seek offers in excess of £1,545,000 (One Million Five Hundred and Forty Five Thousand Pounds)
subject to contract and exclusive of VAT.
A purchase at this level reflects a Net Initial Yield of 11.53% and a Low Capital Value of £79 per sq ft, assuming standard purchasers costs of 6.36%.
Located on Deeside Industrial Park - one of the premier business locations in North Wales
19,673 sq ft across 10 units
Fully let to 5 tenants including Booker Limited (37% of income)
Passing rent of £189,578 per annum reflecting £9.64 psf
AWULT to expiry of c.3.07 years and c.2.80 years to break.
Established ERV of £10 psf
1.15 acre site with the potential for future redevelopment/ alternative uses
Freehold.
11.53% NIY / £79 psf
We are instructed to seek offers in excess of £1,545,000 (One Million Five Hundred and Forty Five Thousand Pounds)
subject to contract and exclusive of VAT.
A purchase at this level reflects a Net Initial Yield of 11.53% and a Low Capital Value of £79 per sq ft, assuming standard purchasers costs of 6.36%.
Reference: 5504_sales
Marketed by
Legat Owen
Chester
Albion House, Albion St, Chester CH1 1RQ, UK
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